Campfire raises $100M in 12 weeks to build AI-native ERP for finance teams
Campfire, an AI-native enterprise resource planning (ERP) platform for finance and accounting, raised $35 million in Series A followed by $65 million in Series B in just 12 weeks, totaling $100 million. The funding was led by Accel in both rounds, with Ribbit co-leading the Series B. Founder and CEO John Glasgow, who previously led strategic partnerships at Bill.com and guided Invoice2go’s $625…
Key points
- Campfire raised **$100M in 12 weeks**—**$35M Series A** (Accel) and **$65M Series B** (Accel + Ribbit), totaling **$100M**
- Platform uses **Ember agents** for reconciliation, categorization, and **Forecast** splits financial data into **actuals, committed, and AI-estimated** layers
- Customers like **Replit** cut close time from **8 hours to 30 minutes** and saved **$300K+** with AI automation
Campfire’s platform, built from the ground up, retains transaction-level detail in its ledger—unlike legacy ERPs that rely on summarized entries. Its Ember agents automate tasks like reconciliation and transaction categorization, while Forecast separates financial data into actuals, committed amounts, and AI-generated estimates to improve forecasting accuracy. The company claims customers like Replit reduced their close time from eight hours to 30 minutes and saved over $300,000 with AI assistance. Campfire now serves over 400 companies, including Cursor, Clay, Polymarket, and PostHog, and has scaled its team from 10 to 150 employees across San Francisco, New York, and London.
John Glasgow, CEO, CFO, and Founder of Campfire
Unite.AI · 3 November 2026
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