Campfire, the AI-driven ERP platform changing finance operations, announced a $65 million Series B round. This round was co-led by Accel and Ribbit. Foundation Capital, Y Combinator, and leading angel investors backed it. Total funding now exceeds $100 million in just 12 weeks. This rapid milestone follows a 10x revenue growth this year. Finance teams on six continents are adopting Campfire to automate routine tasks, close faster, and scale efficiently. “Legacy ERPs are designed for a bygone age, and as a finance executive I experienced that pain personally,” said John Glasgow, Founder & CEO at Campfire. “We created Campfire to redefine ERP for the AI era with workflows as smart, as curious, and as quick as today’s finance teams.”
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Campfire’s platform, which operates on its own Large Accounting Model (L.A.M.), automates core financial operations with 95% accuracy, from reconciliations and variance identification to report generation, allowing high-growth startups and public companies alike to eliminate cumbersome legacy systems such as SAP and Oracle. Customers like PostHog, Decagon, Replit, and LimaOne value the platform’s flexibility, automation, and simple design. Investors highlight Campfire’s potential to change the $3 trillion ERP market. It aims to make finance operations smarter, faster, and AI-driven. This positions the company as a key player in the future of intelligent finance.
