Campfire Raises $3.5M in Seed Funding
Summary
Campfire, a San Francisco, CA-based provider of accounting software for startups and midsize companies, raised $3.5M in Seed funding. The round was led by Foundation Capital and joined by Y Combinator and Twenty Two Ventures. The company intends to use the funds to hire talent and further support its flagship products. Led by CEO John Glasgow, Campfire provides startups and midsize companies with Revenue Automation software tools for revenue recognition, invoicing, billing, and insightful KPI reporting. Its Core Accounting product, which was publicly announced today after an extended private beta with customers of various sizes, includes core accounting features such as financial reporting, a general ledger that supports multi-entity and currency consolidation, and treasury management, all complemented by integrations and scalable to millions of transactions.