Rillet Raises $70 Million Series B in Rapid-Fire Funding, Backed by…

Team S · 2025-08-08T10:22:45.000Z

Rillet, a New York-based accounting and ERP start-up, has just clinched $70 million in Series B funding—only 10 weeks after its $25 million Series A round. The latest investment was co-led by Andreessen Horowitz and ICONIQ, with Sequoia, Oak HC/FT, and existing backers also participating. Notably, Andreessen Horowitz’s Alex Rampell and ICONIQ’s Seth Pierrepont will join Rillet’s board as part of the deal. Founded in 2021, Rillet provides an AI-powered ERP platform that integrates accounts receivable/payable, investor reporting, banking, invoicing, and multi-currency management—making it a full-service financial backbone for modern businesses. In just a year since emerging from stealth, Rillet has raised over $100 million and seen rapid growth, with ARR doubling since its Series A. CEO Nicolas Klopp shared that the round “came together very quickly,” reflecting surging momentum in both product adoption and market interest. Fresh capital will be used to expand Rillet’s AI capabilities, improve products, and grow its engineering and customer success teams.

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Rillet Raises $70 Million Series B in Rapid-Fire Funding, Backed by… | Newnex