Campfire Raises $65M Series B, Pushes ERP Into the AI Era

Campfire has raised $65 million in Series B funding, co-led by Accel and Ribbit Capital, with continued investment from Foundation Capital and Y Combinator, along with angel investors including Karim Atiyeh, Co-Founder & CTO at Ramp, Brad Floering, VP of Finance, FP&A at Snowflake, Steve Sidhu, Controller at Clay, Scott Buxton, CFO at Supabase, and Naeem Ishaq, Former EVP, CFO & Chief Strategy Officer at Checkr bringing total funding past $100 million.

The San Francisco-based company was founded by John Glasgow and builds an AI-driven enterprise resource planning (ERP) system for finance teams, a sector historically dominated by SAP and Oracle. This capital follows Campfire’s $35 million Series A just 12 weeks earlier.

The system supports migrations from legacy ERP platforms such as SAP. CEO John Glasgow said, “We built Campfire to reimagine ERP for the AI age with workflows that think, learn, and move as fast as finance teams do today.”

$65 Million Funding Expands Capabilities

The Series B funding will support the expansion of Campfire’s engineering and customer support teams and accelerate the development of AI-based workflows across the platform. The company reports 10× revenue growth year-to-date, reflecting adoption across both startups and publicly listed companies.