AI-powered accounting startup Campfire has successfully raised $35 million in a Series A funding round led by Accel. The startup, founded by experienced financier John Glasgow, aims to revolutionize outdated ERP accounting systems, specifically targeting NetSuite. Within nine months of launching, Campfire's innovative solution attracted several customers, including Advisor360 and Fooji, proving its efficiency by significantly reducing closing times for financial processes. Glasgow's extensive background in finance and his experience at Y Combinator played a crucial role in this rapid success.
"One of our customers went from a 15-day to a three-day close when they ripped out NetSuite and put in Campfire."
"Within nine months of formation, we had customers [with] north of 100 employees ripping out NetSuite and putting in Campfire."
Collection
[
|
...
]