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Campfire Secures $3.5M in Seed Funding to Modernize Accounting Software for Startups and Midsize Companies

Feb 27, 2024almost 2 years ago

Amount Raised

$3.5 Million

Round Type

seed

San FranciscoSoftware

Investors

Twenty Two VenturesY CombinatorFoundation Capital

Description

Campfire, the Y Combinator-backed startup modernizing accounting software for startups and midsize companies, announced it closed a $3.5 million seed funding round led by Foundation Capital and joined by Y Combinator and Twenty Two Ventures. Campfire will use the funding to attract world-class talent and further support its flagship products.

Company Information

Company

Campfire

Location

San Francisco, California, United States

About

Campfire is the AI-native ERP for mid-size and enterprise companies to close fast and scale faster. Features include a powerful general ledger, invoicing, billing, revenue accounting and reporting, financial statements, AI-powered conversational reporting, and automated accounting workflows such as bank reconciliation. The product is natively integrated with industry leading solutions such as Ramp, Rippling, Salesforce, and has over 100+ API endpoints to build custom integrations and workflows.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers