Rillet raises $25M in a Series A funding round from Sequoia to automate general ledger systems using AI. The funding will help enhance its innovative software solutions for accounting teams.
Rillet raises $25M in a Series A funding round from Sequoia to automate general ledger systems using AI. The funding will help enhance its innovative software solutions for accounting teams.
05/28/25, 4:31 PM
Location
new yorkMoney raised
$25 million
Industry
accounting
crm
fintech
enterprise software
saas
software
Round Type
series a
Investors
Sequoia Capital
Rillet has successfully raised $25 million in a Series A funding round led by Sequoia Capital to improve its AI-driven general ledger software. The startup aims to automate financial reporting processes for medium-sized companies. With this funding, Rillet will continue to grow its customer base and enhance its product capabilities. The investment comes at a time when the demand for efficient financial software is on the rise.
Company Info
Location
new york, new york, united states
Additional Info
Rillet is the first modern ERP designed to automate accounting for high-growth companies. Founded by Nicolas Kopp and Stelio Modes, it simplifies startup accounting by integrating with payment processors, CRM tools, and Stripe. Rillet automates various workflow processes, allowing finance teams to focus on strategic analysis rather than manual tasks. The company currently supports over 70 customers, enhancing efficiency in financial management.