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Campfire

Category: AI Agents

An AI-native Enterprise Resource Planning (ERP) platform designed to replace legacy systems like NetSuite and QuickBooks for startups and mid-sized companies. It leverages AI to automate complex accounting workflows. Campfire was founded in 2023. The company is led by John Glasgow. Based in San Francisco, CA, USA. Team size: 12. Total funding raised: $38.5M. Latest round: Series A. Key investors include Accel, Foundation Capital, Y Combinator, Capital49.

Founded
2023
Headquarters
San Francisco, CA, USA
Team size
12
Total funding
$38.5M

Value proposition

Offers rapid deployment, AI-driven automation to reduce manual accounting tasks, seamless migration from legacy systems, and actionable financial insights through an intuitive interface.

Products and solutions

Core Accounting: A modern general ledger with multi-entity support, multi-currency consolidation, and automated financial close processes., Revenue Automation: A solution for automating revenue accounting, reporting, and invoicing across various business models., Ember AI: A conversational AI interface for financial data queries, analysis, and audit support.

Unique value

Campfire is built as an AI-native platform from the ground up, specifically targeting the pain points of modern, high-growth companies frustrated with the complexity and cost of incumbent ERP systems. It uses an AI assistant, Ember, for conversational reporting and analysis.

Target customer

Startups and mid-sized tech companies that have outgrown basic accounting software (like QuickBooks/Xero) or are seeking a modern alternative to legacy ERPs (like NetSuite and Sage Intacct).

Industries served

Technology (SaaS, Fintech), Wealth Management, Construction Tech, Customer Experience Platforms

Technology advantage

Its core advantage lies in deep, AI-powered automation (using models like Claude from Anthropic) that streamlines complex accounting workflows. The founding team's prior success in scaling and exiting accounting software ventures provides significant business and domain expertise.

How they differentiate

Differentiates from legacy ERPs like NetSuite by being faster to deploy, more intuitive, and built with modern AI. It differentiates from simpler tools like QuickBooks by offering a full-stack ERP with multi-entity, multi-currency, and advanced revenue recognition capabilities.

Main competitors

NetSuite, Sage Intacct, QuickBooks, Xero

Key partnerships

Y Combinator, Anthropic

Notable customers

Advisor360, Rhumbix, Fooji, Carbon Direct, Populi, Delphia

Major milestones

Graduated from Y Combinator (Summer 2023 cohort). Raised a $3.5M Seed round led by Foundation Capital (February 2024). Raised a $35M Series A led by Accel (June 2025). Successfully won and onboarded numerous customers from established competitors like NetSuite and Sage Intacct.

Growth metrics

Acquired multiple customers with over 100 employees, successfully migrating them from NetSuite and Sage Intacct within nine months of its own founding. The platform is reported to reduce the accounting close process from an average of 15 days to just three.

Market positioning

Positioned as the modern, intelligent replacement for legacy ERPs, specifically for venture-backed startups and scaling tech companies.

Geographic focus

United States

Patents and IP

Information not publicly available

About John Glasgow

John Glasgow is the CEO and Founder of Campfire. He is a former finance leader at two unicorn startups that went public. He has over 15 years of experience in Silicon Valley, working with high-growth tech companies. He has experience in finance and operations, and has managed all non-technical duties for startups. He is also a Y Combinator alumnus.

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