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.

As part of the latest round, Andreessen Horowitz General Partner Alex Rampell and ICONIQ General Partner Seth Pierrepont will join Rillet’s board of directors.

The momentum behind Rillet is not just investor hype. Since coming out of stealth last year, the company has signed more than 200 customers, doubled ARR in just 12 weeks, and formed strategic partnerships with top 50 accounting firms like Armanino and Wiss. Dozens of venture-backed startups, global SaaS companies, and fast-scaling AI businesses now rely on Rillet to run their financial operations end-to-end.