Campfire, a trailblazing AI-native fintech startup, has raised $65 million in a Series B funding round, marking a significant milestone in its mission to revolutionize enterprise resource planning (ERP) for modern finance teams.
This round, co-led by prominent venture capital firms Accel and Ribbit Capital, underscores the growing investor confidence in AI-driven solutions for financial management.
Redefining Finance with AI Technology
Founded in 2023, Campfire emerged with a vision to replace outdated 1990s-era ERP systems like NetSuite with cutting-edge, large language model (LLM)-powered alternatives.
The company’s platform automates accounting processes, accelerates financial close times, and provides real-time insights through conversational AI reporting, catering specifically to mid-market and early enterprise businesses.
A History of Rapid Growth and Innovation
Campfire’s journey began with a $35 million Series A round led by Accel just a few months prior in June 2025, highlighting the startup’s ability to attract repeat investment in a short timeframe.
This rapid succession of funding rounds reflects the urgent demand for modern financial tools as businesses increasingly adopt AI to streamline operations.
Impact on the Fintech Landscape
The latest $65 million injection will enable Campfire to expand its platform, hire top talent, and further develop its AI capabilities to meet the evolving needs of venture-funded startups and beyond.
Industry experts believe Campfire’s success could pressure legacy ERP providers to innovate or risk losing market share to agile, tech-forward competitors.
Looking to the Future of Finance
With AI becoming a cornerstone of financial technology, Campfire is well-positioned to lead the charge in transforming how companies manage their finances in the digital age.
The involvement of investors like Ribbit Capital, known for backing fintech giants such as Coinbase and Revolut, signals strong potential for Campfire to scale globally.
As the fintech sector continues to grow—evidenced by recent massive raises like Ramp’s $500 million Series E-2 in July 2025—Campfire’s focus on AI-native ERP solutions could redefine industry standards.
Andrew Lee
