AI-native ERP company Campfire announced a $65 million Series B funding round co-led by Accel and Ribbit, with continued support from Foundation Capital, Y Combinator, and angel investors including executives from Ramp, Snowflake, Supabase, Clay, and Checkr. The round follows a $35 million Series A just 12 weeks ago, bringing total funding to over $100 million. Founder and CEO John Glasgow said, " We built Campfire to reimagine ERP for the AI age with workflows that think, learn, and move as fast as finance teams do today. We built Campfire to reimagine ERP for the AI age with workflows that think, learn, and move as fast as finance teams do today."
Campfire’s platform has seen rapid adoption across startups and enterprise customers, including PostHog, Decagon, Replit, and Heidi Health, replacing legacy systems like SAP. Proprietary AI, including the Large Accounting Model (L.A.M.), automates reconciliations and variance detection with 95% accuracy, supporting fully intelligent finance operations. Customers praise its usability, "Campfire's AI automates your reconciliations, flags anomalies, and even helps draft reports. It's a real game changer," said Ryan Ang, Controller, Decagon. The company’s momentum reflects a shift in the $3 trillion ERP market, positioning Campfire as a modern alternative for finance teams worldwide.
