Campfire Raises $35M to Always Be Multi Model and AI First

Few phrases provoke dread in finance teams like: “We’re implementing a new ERP.” John Glasgow, founder and CEO of Campfire, knows this firsthand. “You tell your accounting team, ‘We bought an ERP’—everyone’s ready to quit,” he said in a recent interview. “Nobody wants to go through a one-year implementation.”

It’s precisely that aversion and the inefficiencies it reflects that Campfire is built to solve. Just nine months after launching, the AI-powered ERP startup has raised $35 million in a Series A round led by Accel, with participation from Foundation Capital, Y Combinator, Capital 49, and angel investors including Dan Kang, CFO of Mercury.

Founded in 2023, Campfire is a modern ERP built for high-growth companies. Its early momentum is striking: over 100 companies have already replaced legacy systems like NetSuite and QuickBooks with Campfire. That list includes Advisor360, a wealth management platform; Rhumbix, a construction software firm; customer experience company Fooji; as well as YC-backed startups like Replit and Replo.

For Glasgow, the product is a direct result of years spent working inside outdated systems. He began his career in finance, holding roles at Fidelity and Union Square Advisors. Later, he joined Invoice2go after a former manager took over as CEO. Less than a year later, Bill.com acquired Invoice2go in a $625 million deal. Glasgow handled much of the M&A due diligence—and the shortcomings of their ERP system became impossible to ignore.