Rillet, the AI-native Enterprise Resource Planning (ERP) platform built for modern finance teams, has secured a significant funding round of $70 million in Series B led by Andreessen Horowitz and ICONIQ. This round brings the company’s total funding to over $100 million in just one year. The investment will accelerate Rillet’s mission to rebuild enterprise accounting from the ground up, empowering finance leaders to scale multi-billion dollar companies with teams a fraction of the size.
Background and Vision
Rillet’s story began with its CEO and co-founder, Nicolas Kopp, who experienced firsthand the frustration of waiting weeks for critical business metrics as the CEO of N26. Kopp partnered with Stelios Modes, the technical architect behind N26’s payment infrastructure, to create a new approach to enterprise accounting. This vision is now a reality, with Rillet transforming the way companies close their books, automate workflows, and gain insightful reporting.
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Rillet’s Breakthrough
Rillet’s AI-native ERP platform redefines financial systems architecture by starting with native integrations, which enable structured data to flow into the smart general ledger. AI is then applied directly within the system, empowering finance teams to collaborate in real-time, automate workflows natively, and get insightful reporting the moment something happens.
Key Benefits
- Native integrations enable structured data to flow into the smart general ledger.
- AI is applied directly within the system, empowering finance teams to collaborate in real-time.
- Automated workflows natively, and get insightful reporting the moment something happens.
Competitive Landscape
Rillet is a clean-slate rethink for the enterprise accounting market, built for speed, intelligence, and scale. Unlike legacy platforms, Rillet is built by accountants, with a DNA that shows up in every workflow, every implementation, and every customer result.
Investors’ Vision
“Finance teams deserve the same AI advantages that have revolutionized sales, engineering, and legal,” said Alex Rampell, General Partner at Andreessen Horowitz. “Rillet is delivering that transformation by rebuilding ERP infrastructure specifically for the AI era.”
“Rillet is not just modernizing accounting software, it’s redefining what finance teams can achieve when freed from outdated systems,” said Seema Amble, Partner at Andreessen Horowitz. “Their AI-native approach can give companies a clear edge: faster insights, leaner teams, and smarter decisions.”
Market Opportunity
The accounting industry is facing a major talent crunch, with 75% of accountants expected to retire in the next 15 years. At the same time, 80% of routine financial operations could be automated according to Accenture. Rillet sits at the crossroads of this talent crunch and automation, creating a new platform shift in how humans and AI work together in finance.
Future Plans
Rillet plans to expand its AI capabilities and deepen integrations across the financial technology stack. The company’s ultimate vision extends far beyond automation; they’re building towards a collaborative platform where AI agents and human expertise work together to transform how businesses understand and manage their financial performance.
About Rillet
Rillet is the AI-native accounting platform made to tailor fit the workflows of accountants and a full replacement for legacy ERPs. Scaling and hyper-growth companies like Windsurf, Bitwarden, and Decagon use Rillet to enable a smarter close with native integrations, automated journal entries, and AI-embedded workflows. With offices in New York, San Francisco, and Barcelona, Rillet has raised over $100 million from Sequoia, Andreessen Horowitz, ICONIQ, and others.
About Andreessen Horowitz
Andreessen Horowitz (aka a16z) is a venture capital firm that backs bold entrepreneurs building the future through technology. a16z is stage agnostic and invests in seed to venture to growth-stage technology companies, across AI, bio + healthcare, consumer, crypto, enterprise, fintech, games, infrastructure, and companies building toward American dynamism. With $46B in committed capital across multiple funds, a16z is committed to supporting visionary companies that are shaping the future.
About ICONIQ
ICONIQ is a global investment firm catalyzing opportunity through extraordinary community. Its venture and growth investment platform partners with visionaries defining the future of their industries to achieve uncommon outcomes.
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