Angus Davis’ Post

📣 It's launch day at Campfire! We’re coming out of stealth with $3.5M in funding, new brand and website, and announcing our flagship product - Core Accounting, it's a modern general ledger that has the power to scale from startup to mid-size company with global operations, including advanced features such as multi-entity support. 💰 Seed Funding - We've secured $3.5M in Seed funding led by Foundation Capital with participation from Y Combinator, Twenty Two Ventures (Katey Caldwell), Andrew Miklas and many accounting/finance leaders that joined the round. Angus Davis, General Partner at Foundation Capital shared why he led the round, "The founders have the deep industry experience to pull it off, the product is very impressive, and the team is shipping new features at an unbelievable pace. Campfire is the ERP I wish I had when my last company outgrew QuickBooks." 📊 Product Launch - Our new product, Core Accounting, is a modern general ledger that has a consumer-grade interface, and modern APIs while still having the power to scale with you such as multi-entity support and advanced financial reporting such as contribution margin by customer and P&L by department. Think of it as a modern version of NetSuite, or Slack for accounting. It works seamlessly with our existing Revenue Automation product that allows for automated invoicing, revenue accounting and reporting. We've been told that Campfire is the first multi-entity general ledger for tech companies to launch in this century. 🤯 📈 Traction - Our team has been hardening the product with early customers ranging in size from 10 employees to 150 employees that are pushing the industry forward such as Sprig, Carbon Direct, Delphia and Populi, and we are now ready to onboard more customers. 🤩 New identity / website - We launched our new brand and website today that better represents our vision and direction. Campfire is making accounting/finance modern and fun. Check it out at www.meetcampfire.com 🤝 Launch partners - We're humbled to have native integrations and be partnered with industry giants stack such as Brex, Ramp, Mercury, Stripe, and many more. Read the full launch story below 👇