Rillet

Last updated

Rillet
Company typePrivate
Industry Enterprise software
Founded2021
FoundersNicolas Kopp, Stelios Modes
Headquarters New York City, United States; San Francisco, United States; Barcelona, Spain
Area served
Worldwide
ProductsEnterprise resource planning (ERP) software
Website www.rillet.com

Rillet is an enterprise resource planning (ERP) software platform that includes a general ledger and tools for systems integration, workflow automation and real-time data processing. Rillet is backed by Sequoia, Andreessen Horrowitz, and ICONIQ with offices in San Francisco, New York, and Barcelona. [1] [2] [3]

Contents

History

Rillet was founded in 2021 by Nicolas Kopp (previously US CEO of N26 and Investment Banking and Capital Markets at Morgan Stanley) and Stelios Modes (previously Thoughtworks, Shazam) who previously worked in finance and accounting roles. [4] [5] Rillet is aimed at corporate finance teams and is intended to function as an alternative to traditional ERP systems. It has SOC 1 Type II certification and meets Big Four audit requirements.

In July 2024, Rillet raised its seed/pre-seed round of $13.5 million led by First Round Capital, Creandum, and Susa Ventures. [6]

In May 2025, it raised a $25 million Series A round led by Sequoia Capital. [7]

In August 2025, the company raised a $70 million Series B round co-led by Andreessen Horowitz and ICONIQ Growth, with participation from Sequoia Capital and others. [1] [2]

Review

TechCrunch noted that Rillet's platform natively integrates with modern tech stacks such as Salesforce, Stripe, Brex, and Ramp, and provides an open API for custom data connections. [7]

Fintech Futures and Fintech Global, in their reviews, described the company's approach of “AI-native” ERP design. [8] Sequoia Capital and Andreessen Horowitz have noted company's focus on integrating automation and real-time data handling into accounting workflows. [9] [10]

References

  1. 1 2 Soni, Aditya (August 6, 2025). "AI accounting startup Rillet raises $70 million in Andreessen Horowitz, ICONIQ-led round". Reuters. Retrieved December 1, 2025.
  2. 1 2 Emanuel-Burns, Cameron (August 8, 2025). "Accounting start-up Rillet secures $70m Series B funding". Fintech Futures. Retrieved December 1, 2025.
  3. ↑ "AI accounting startup Rillet raises $70 million in Andreessen Horowitz-led round". The Economic Times. August 6, 2025. ISSN   0013-0389 . Retrieved December 1, 2025.
  4. ↑ "Rillet 2025 Company Profile: Valuation, Funding & Investors". PitchBook. Retrieved December 1, 2025.
  5. ↑ Nani, Darie (August 6, 2025). "From Frustration To Fix: Rillet Founders Drop $100m On Legacy Accounting Pain - Sovereign Magazine". Sovereign Magazine. Retrieved December 1, 2025.
  6. ↑ "Rillet Secures $13.5M in Funding Led by First Round Capital and Creandum". Financial IT. July 30, 2024. Retrieved December 1, 2025.
  7. 1 2 Temkin, Marina (May 28, 2025). "Rillet raises $25M from Sequoia to automate general ledger systems using AI". TechCrunch. Retrieved December 1, 2025.
  8. ↑ "AI-native ERP Platform Rillet Raises $70m in Series B Round". Fintech Review. August 9, 2025. Retrieved December 1, 2025.
  9. ↑ Bek, Julien; Botha, Roelof (May 28, 2025). "Partnering with Rillet: The Financial ERP for the AI Age". Sequoia Capital. Retrieved December 1, 2025.
  10. ↑ "Investing in Rillet". Andreessen Horowitz. August 6, 2025. Retrieved December 1, 2025.
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