AI Startup DualEntry Raises $90 Million Series A at $415M Valuation

Team S · 2025-10-08T07:13:36.000Z

New York–based AI startup DualEntry has raised $90 million in a Series A funding round led by Lightspeed Venture Partners and Khosla Ventures, with participation from GV (formerly Google Ventures), bringing the company’s valuation to $415 million. Founded in 2024, DualEntry is focused on transforming the enterprise resource planning (ERP) sector with an AI-native platform that automates financial workflows. Its key innovation, called “NextDay Migration,” allows companies to transfer their entire historical financial data into DualEntry’s system within 24 hours — a process that traditionally takes weeks or months. The platform targets mid-market firms that have outgrown entry-level accounting tools but are reluctant to transition to complex, consultant-driven ERP systems. DualEntry is led by CEO Santiago Nestares , who conceived the idea after facing repeated challenges in ERP migration during his previous role. The company currently employs around 40 people and serves a diverse customer base, including early-stage startups and a publicly listed company. With the fresh funding, DualEntry plans to expand its engineering and go-to-market teams, enhance product development, and pursue global expansion. Investors see DualEntry’s approach as a potential disruptor in the $500 billion ERP market, an industry that has remained relatively unchanged despite widespread cloud adoption.

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AI Startup DualEntry Raises $90 Million Series A at $415M Valuation | Newnex