AI-powered accounting startup Campfire raised a $35 million Series A led by Accel, with participation from other investors.
Founder CEO John Glasgow mentioned that within nine months, Campfire attracted customers away from NetSuite, including companies like Advisor360, Rhumbix, and Fooji.
Glasgow, with a background in finance, launched Campfire in 2023 aiming to automate financial tasks and upend outdated ERP software like Netsuite with an AI-powered solution.
Campfire's growth has been significant with around 100 customers at the seed stage and is now up to 12 employees, showing promising potential in the competitive ERP software market.