Rillet Raises 70 Million with Backing from Andreessen Horowitz and ICONIQ

Three years ago, Nicolas Kopp as U.S. CEO of challenger bank N26, he had a front-row seat to the bottlenecks plaguing finance teams. “I experienced firsthand how frustrating it was to wait weeks for critical business metrics,” he recalled. “My finance team was world-class, but simple requests took weeks because the systems were stuck in the past.” That pain point gave the idea for Rillet, an AI-native ERP platform built from scratch to serve modern finance teams. Today, the company announced a $70 million Series B round co-led by Andreessen Horowitz and ICONIQ Growth, with participation from Sequoia Capital, Oak HC/FT, and earlier investors. The raise comes just 10 weeks after its $25 million Series A, bringing Rillet’s total funding to more than $100 million in under a year.