By AIM · AIM Media House
DualEntry , an enterprise software startup founded by Santiago Nestares and Ben Sharf, has raised $90 million in a Series A funding round led by Lightspeed Venture Partners and Khosla Ventures , with participation from GV ( Google Ventures ). The funding values the company at $415 million.
DualEntry develops enterprise resource planning (ERP) software designed for financial management, reporting, and data migration.
Its core feature, NextDay Migration , transfers historical financial data from legacy systems to DualEntry’s platform within 24 hours, a process that typically takes several months and incurs significant consulting fees.
The platform includes automated reconciliation, anomaly detection, and intercompany elimination workflows, which the company says reduce manual intervention and speed up accounting cycles.
CEO Santiago Nestares said , “The first attempt to implement an ERP failed and, once it was finally up and running, it was clunky, slow, and impossible to customize. Most of our finance team's time was spent in the outdated ERP manually entering data.
We built DualEntry to get businesses of any size and complexity live in 24 hours, migrating their data quickly with AI-powered mapping — adding value from day one”. The company said it will use the proceeds to expand product development, grow its 40-person workforce, and support international expansion.
Executives noted that additional hires will include software engineers, finance specialists, and customer success personnel to support growing adoption across multiple regions.
Streamlined Features Drive Early Adoption DualEntry provides a full ERP accounting suite covering general ledger, accounts receivable, accounts payable, bank connections, audit controls, and FP&A, supporting multi-entity, multi-book, and multi-currency accounting.
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