AI-Powered ERP Platform Campfire Bags $35 Million in Series A

Led by John Glasgow(Founder, CEO, and CFO), Campfire has raised $35 Million in Series A led by Accel, with new and continued support from Foundation Capital, Y Combinator, Capital 49, and prominent industry executives, including Marten Abrahamsen, CFO at Vercel, Dan Kang, CFO at Mercury, Alex Estevez, Former CFO at Atlassian, Michael Gordon, Former CFO at MongoDB,  Sowmya Ranganathan, Former Controller at OpenAI, and Jack Zhang, Co-Founder & CEO at AirWallex.

Campfire has grown 10x in funding and revenue in just two years, attracting companies like Replit and Flex to switch from legacy systems. The platform combines enterprise-grade capabilities with consumer-level ease, helping finance teams move faster and scale smarter.

The ERP market is undergoing a major shift as AI drives a new wave of unbundling. Just as SAP and NetSuite moved finance to the cloud decades ago, Campfire is redefining the space with AI-first infrastructure. The company’s roadmap focuses on three core priorities: accelerating month-end close, unlocking deeper financial insights, and enabling smarter, scalable growth. From AI-powered audits to intelligent forecasting, Campfire is transforming how finance teams operate.