Campfire Raises $35 Million Series A to Modernize AI-Powered ERP for Enterprises
Campfire, a San Francisco-based AI-native enterprise resource planning (ERP) software company, has secured $35 million in Series A funding. The round was led by Accel, with participation from Foundation Capital, Y Combinator, Capital 49, and several notable angel investors, including Dan Kang (CFO at Mercury), Marten Abrahamsen (CFO at Vercel), Alex Estevez (former CFO at Atlassian), Michael Gordon (former CFO at MongoDB), Sowmya Ranganathan (former Controller at OpenAI), and Jack Zhang (Co-Founder & CEO at Airwallex).
Founded by John Glasgow in 2023, Campfire aims to modernize accounting and finance operations for mid-market and enterprise companies. The company’s platform offers a general ledger, revenue automation, close management, and more—all on one unified platform. Its conversational interface, Ember AI, powered by Anthropic’s Claude, enables finance teams to automate workflows, interact with financial data via natural language, and close books faster. Headquartered in San Francisco, Campfire’s customers include Replit, Trust & Will, and Coder.
The newly raised capital will be utilized to deepen product development, invest in generative AI, expand its global reach, and support finance teams with modern, scalable ERP solutions. The company plans to open at least five additional fulfillment centers, enhancing its ability to serve a broader customer base. Additionally, Campfire intends to invest in AI-driven personalization to improve the customer experience and strengthen its supply chain. The platform currently serves over 200,000 patients across 20,000 pincodes, with plans to reach 1 million customers within the next 12–18 months.
Campfire’s model addresses the heavy out-of-pocket burden many chronic patients face in India. By offering affordable alternatives to branded medicines, the company aims to reduce the financial strain on patients requiring long-term medication. The platform’s commitment to quality is evident through its four-layer quality check and flexible return policy.
The involvement of Accel and India Quotient provides strategic value beyond capital. Accel brings access to a network of large enterprises, while India Quotient offers experience in scaling startups in India. This partnership positions Campfire to address the rising demand for affordable healthcare solutions in the country.
Looking ahead, Campfire plans to expand its product portfolio, deepen partnerships across healthcare providers and distribution networks, and broaden its reach to underserved areas. The company intends to leverage its latest funding round to move from early enterprise deployments into broad commercial adoption and establish itself as a leading provider of affordable medicines in India.
Campfire’s $6 million Series A funding round, led by Accel and supported by India Quotient, marks a significant milestone in its journey to scale affordable and accessible healthcare solutions. The fresh capital, combined with the company’s commitment to quality and customer-centric approach, positions Campfire for growth in the competitive Indian healthcare market.
