Campfire, a company developing enterprise resource planning solutions for finance teams, announced a $65 million Series B funding round co-led by Accel and Ribbit. The investment closely follows the company’s Series A and brings its total funding to more than $100 million.
Campfire aims to provide a modern alternative to legacy ERP solutions that’s designed for the age of AI with adaptable workflows that evolve alongside finance teams. Its platform hinges on its proprietary large accounting AI model that’s exclusively trained on accounting data to achieve high accuracy in financial operations workflows.
The company’s revenue has grown tenfold year-to-date, and Campfire counts names including PostHog, Decagon, Replit and Heidi Health among its customers.
