Campfire
| Vendor | Campfire Software Inc. |
|---|---|
| Headquarters | San Francisco, California |
| Ownership | Venture-backed (Accel, Ribbit Capital, Foundation Capital, Y Combinator) |
| Deployment | Cloud (SaaS) |
| Target market | High-growth mid-market and enterprise finance teams, startup through IPO |
| Industries | Software/SaaS, AI, technology-enabled services |
| Pricing | Pricing on request |
| Website | campfire.ai |
What Campfire is
Campfire is a cloud-based, AI-native finance ERP built around a modern general ledger. Core accounting, revenue automation, close management, and reporting come with an embedded AI assistant called Ember, and the product is marketed as a replacement for legacy finance systems such as NetSuite. The pitch is aimed at high-growth companies that want automation-heavy accounting from startup stage through IPO readiness.
Where Campfire comes from
Campfire Software Inc. is a San Francisco startup, founded in 2023 by John Glasgow and part of Y Combinator's Summer 2023 batch. It originally operated under the domain meetcampfire.com, which now redirects to campfire.ai. Funding arrived fast: a 35 million US dollar Series A led by Accel in mid-2025, then a 65 million dollar Series B co-led by Accel and Ribbit Capital in October 2025, pushing total funding above 100 million dollars at a reported 375 million dollar post-money valuation. Foundation Capital and Y Combinator also participate. Named customers include PostHog, Replit, Decagon, Klarity, and TwelveLabs.
Functional scope
The platform covers a multi-entity general ledger with automated consolidation and multi-currency support, revenue recognition and end-to-end revenue automation, payables and receivables workflows, and close management with checklists, flux analysis, and account reconciliations, plus real-time reporting with transaction-level drill-down. Ember, the AI assistant, drafts journal entries and explains variances during analysis. Granular permissions, more than 1,200 by the vendor's count, back the audit and control requirements that AI-assisted accounting raises.
What is absent matters as much as what is present: no HR, no payroll, no procurement, no inventory, no manufacturing.
Target market and industries
The audience is venture-backed and high-growth mid-market to enterprise companies, concentrated in software, AI, and technology-enabled services, the segments where usage-based billing and complex revenue recognition cause the most pain. Campfire is a candidate for companies outgrowing entry-level accounting tools or weighing a move off NetSuite for finance, not for organizations that need operational ERP depth.
Deployment and pricing
Multi-tenant SaaS, nothing else. Pricing is not published; prospects are routed to a demo request and a sales conversation.
Who should look at it
Venture-backed software companies with hard problems in revenue recognition, usage-based billing, and multi-entity consolidation are the natural audience. Among AI-native accounting platforms Campfire is one of the best-funded entrants, and the customer list signals real traction in the tech mid-market. The boundary is categorical: anyone who needs inventory, supply chain, or HR in the same system is shopping in a different aisle, and no amount of close automation changes that. Age is the other open question. A vendor founded in 2023 has no long record on product maturity, audit readiness, or long-term viability, which weighs more heavily for a company approaching IPO than for an early-stage one. Structured diligence along the lines of our ERP selection guide is the sensible response.
What the Campfire website looks like
Current view of the vendor homepage, captured by our editorial team.
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