Over the past year, we’ve seen an extraordinary shift in the market. Finance teams are ready for a new way of operating, automating manual work so they can focus on analysis, insight, and growth. To do more with less, they’re moving to Campfire.

Today, I’m thrilled to announce we’ve raised a $65 million Series B, co-led by Accel and Ribbit, with continued support from Foundation Capital and Y Combinator and prominent industry executives, including Karim Atiyeh, Co-Founder & CTO at Ramp, Brad Floering, VP of Finance, FP&A at Snowflake, Steve Sidhu, Controller at Clay, Scott Buxton, CFO at Supabase, Naeem Ishaq, Former EVP, CFO & Chief Strategy Officer at Checkr.

This brings our total funding to $100 million raised in just 12 weeks - a testament to how quickly modern finance is evolving, and the immense momentum behind our vision.

This round follows a period of record growth for Campfire - 10× increase in revenue YTD, driven by accelerating demand from some of the world’s most innovative companies.

Unicorns like PostHog, Decagon, and Replit are choosing to run their financial operations on Campfire, migrating from legacy systems in order to scale faster with less friction.

The momentum has rapidly taken us into the enterprise, with migrations completed off SAP and partnerships with companies operating in the public markets, such as LimaOne (NYSE: MFA).

Regardless of industry, the pattern is the same: lean teams doing more with less, turning to Campfire to close 5× faster, and reclaiming up to 144 days a year to focus on growth, strategy, and leadership. Their momentum is what fuels ours.

The ERP market is at an inflection point. A “great unbundling” is underway as AI reshapes how finance teams operate. The same way SAP and NetSuite brought finance teams to the cloud 25 years ago, Campfire is now redefining the category with AI.

The momentum behind Campfire comes from deep customer obsession. Every new product, feature, and functionality is shaped directly by what they tell us matters most - closing the month faster, gaining deeper insight, and scaling with confidence.

That focus has led to one of our biggest breakthroughs yet: Campfire’s proprietary AI model trained exclusively on accounting data, LAM (Large Accounting Model). LAM is the first of its kind in the ERP category, and a foundational step toward truly intelligent finance operations. Already, it’s achieving 95%+ accuracy on key accounting tasks, from reconciliations to variance analysis - unlocking new levels of speed and precision for finance teams everywhere. And it’s actively adding value for our customers today.

LAM is only the beginning. It marks the next chapter in Campfire’s journey to redefine what’s possible with AI in finance, elevating accounting from transactional to strategic and transforming ERP from a system of record into a system of action.

This raise allows us to double down on what matters most: product, people, and performance. We’re investing deeply in AI, expanding our core accounting modules, and continuing to partner with next-gen finance teams.

To our customers and partners: thank you for believing in this mission. And to the finance leaders who know their ERP is holding them back: we’d love to talk.

If you’re interested in learning more, read the exclusive in Crunchbase. And if you’d like to build the future of finance with us, we’re hiring!

We’ve accomplished so much in a short period of time, but as I always tell the team, it’s still day zero at Campfire. The best is yet to come.

— John Glasgow

Founder & CEO, Campfire