Campfire, an emerging leader in AI-native enterprise resource planning (ERP) software, has raised $35 million in Series A funding led by Accel. The round, supported by investors like Foundation Capital, Y Combinator, and prominent CFOs, fuels Campfire’s mission to redefine ERP for fast-growing companies. By leveraging AI and modern architecture, Campfire is disrupting the trillion-dollar ERP market, offering solutions that outpace legacy systems like NetSuite and SAP.
Campfire raises $35M Series A led by Accel, with Y Combinator, Foundation Capital.
AI-native ERP platform targets startups to pre-IPO companies.
Ember AI, powered by Anthropic’s Claude, automates tasks and boosts insights.
Customers like Replit, Trust & Will praise ease of use and scalability.
Campfire saves firms like Flex $300K in implementation costs.
Finance Forward summit launched to empower finance teams with AI tools.
The ERP market, dominated by legacy players like Oracle, SAP, and Intuit, is undergoing a transformation. Campfire’s AI-first platform addresses the limitations of outdated systems, offering a modern solution tailored for dynamic businesses. “I founded Campfire because, as a customer, I lived through the pain of a legacy ERP that was holding us back. Our team has rebuilt ERP from the ground up, leveraging the latest in AI and modern architecture so finance teams can accelerate their monthly close, unlock deeper financial insights, and make smarter decisions,” said John Glasgow, Campfire CEO and Founder. This funding accelerates product development and global expansion.
Campfire’s GenAI conversational interface, Ember AI, powered by Anthropic’s Claude models, enables finance teams to interact with data using natural language. This feature automates manual tasks, streamlines reporting, and delivers actionable financial insights. “At Accel, we have a long history of backing transformative software companies... We believe Campfire has the potential to reshape the ERP market similarly,” said John Locke, Partner at Accel and Campfire Board Director. The platform’s ability to simplify complex processes is winning over customers from legacy ERP providers.
Campfire’s platform has displaced traditional ERP systems at companies like Replit, Trust & Will, and Coder. “I’ve implemented Campfire entirely in-house, not once, but twice. Both times, we closed our books just three weeks after signing,” said Brian Ehrlich, Finance Director at Flex. “At Flex, Campfire saved us over $300K in implementation costs, avoided hiring 1–2 full-time staff, and provided us with a scalable system that supports us through 1,000+ employee growth.” Similarly, Trust & Will’s CFO, Ron Wangerin, noted, “Campfire uniquely matched the speed, complexity, and ambition of our business.”
Campfire’s platform supports complex financial needs, from revenue logic automation to GAAP-compliant accounting. “As a fast-growing AI software development company, our accounting team manages complex customer contracts,” said Daniel deCoen, Controller at Coder. “Campfire is the AI-native ERP flexible enough to keep up.” The company is also launching Finance Forward, a summit to equip finance teams with AI-driven tools and knowledge, reinforcing its commitment to innovation.
Campfire’s $35M Series A marks a pivotal step in redefining ERP for the AI era. With a focus on automation, scalability, and financial clarity, Campfire is poised to lead the next wave of enterprise software innovation, empowering finance teams worldwide.
Campfire is the AI-first ERP powering modern finance and accounting teams. A full replacement to legacy ERPs, it offers a general ledger, revenue automation, close management, and so much more—all on one unified platform. Campfire empowers finance teams with powerful, intuitive software that saves time on the monthly close, unlocks deeper financial insights, and scales with you. The company is headquartered in San Francisco and is backed by Accel, Foundation Capital, Y Combinator, Capital49 and notable finance execs from public and private companies.
Accel is a global venture capital firm that is the first partner to exceptional teams everywhere, from inception through all phases of private company growth. Atlassian, Bumble, CrowdStrike, Fiverr, Flipkart, Freshworks, Qualtrics, Scale, Segment, Slack, Spotify, Squarespace, Tenable, and UiPath are among the companies Accel has backed over the past 40+ years. We help ambitious entrepreneurs build iconic global businesses.
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