Rillet Valuation, Funding & Investors

Rillet is valued at $1B as of August 2026.

Last Rillet valuation

$1B

Series C · Aug 2026

Last Rillet funding round

$100M

Series C · Aug 2026

Cumulative funding Rillet raised

$209M

across 4 funding rounds

Key investors in Rillet

  • Sequoia Capital
  • Creandum
  • Andreessen Horowitz
  • First Round Capital
  • ICONIQ Capital
  • Susa Ventures

Rillet Overview

About Rillet

Rillet is an AI-powered ERP system tailored for SaaS companies with intricate revenue streams, automating revenue recognition under GAAP and ASC 606 standards. The platform handles invoicing, bank reconciliations, expense accruals, and multi-entity consolidations across currencies and geographies. Rillet's real-time metrics dashboard tracks ARR, MRR, and churn, integrating with Stripe, QuickBooks, and NetSuite for seamless data flow. San Francisco-based, it streamlines month-end closes for high-growth subscription businesses.


Founded

2021

HQ

United StatesSan Francisco, CA

Website

rillet.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$1B (Aug 2026)

Rillet Valuation

Rillet is currently valued at $1B, based on its Series C in August 2026.

The $100M round was led by ICONIQ Capital, with participation from Creandum, FirstMark, Scale Venture Partners, Battery Ventures, Andreessen Horowitz and 4 other investors.

Rillet's valuation has grown 2.0x from $500M at its Series B in August 2025 to $1B in August 2026, across 2 priced rounds.

Rillet valuation by funding round

Rillet valuation by funding round
DateStageValuation
Aug 2026Series C$1B
Aug 2025Series B$500M

Rillet Funding History

Rillet has raised a total of $209M across 4 funding rounds.

Rillet's first fundraising round was a $14M seed round in July 2024. The most recent completed round was a $100M Series C in August 2026.

Rillet funding rounds

Rillet funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2026Series CICONIQ Capital (lead); Creandum; FirstMark; Scale Venture Partners; Battery Ventures; Andreessen Horowitz; Sequoia Capital; Oak HC/FT; Bain Capital Ventures; Sequoia Capital Global Equities$100M$1BRillet raised a $100 million Series C at a $1 billion valuation in August 2026, led by ICONIQ with participation from Andreessen Horowitz, Sequoia, and other existing and new investors. The round brought the company’s total funding to more than $200 million, and ICONIQ general partner Seth Pierrepont joined the board. The financing was positioned to expand Rillet’s AI-native ERP and accounting platform, which the company says uses AI agents to handle finance work inside a real-time general ledger with human approval and a full audit trail. The company described the round as its third raise in 14 months, reflecting rapid fundraising momentum as it builds “accounting superintelligence” for modern finance teams. Rillet is a San Francisco-based startup founded in 2024 that builds AI-native accounting software for finance teams. The company says it is focused on automating back-office finance operations and replacing legacy ERP workflows with a real-time, AI-driven system.
Aug 2025Series BAndreessen Horowitz (lead); ICONIQ Capital (lead); FOG Ventures; Sequoia Capital; Oak HC/FT$70M$500MRillet is an AI-native ERP platform designed for modern finance teams, automating accounting tasks such as ledger management, accounts receivable/payable, investor reporting, bank transactions, automated invoicing, and multi-currency/entity handling. Founded in 2021 or 2022 by Nicolas Kopp (former N26 U.S. head) and Stelios Modes, it integrates with tools like Salesforce, Stripe, and Brex to enable real-time data processing and shorten month-end close cycles from weeks to hours. The San Francisco/Palo Alto-based startup targets ambitious scaling companies, positioning against legacy giants like Oracle and Microsoft in the accounting software market. On August 6, 2025, Rillet raised $70 million in a Series B round co-led by Andreessen Horowitz (a16z) and ICONIQ Capital, with participation from Sequoia Capital, Oak HC/FT, FOG Ventures, and prior investors. This pre-emptive round followed a $25 million Series A led by Sequoia just 10-12 weeks earlier (around May/June 2025) and earlier seed/pre-seed of $13.5 million, bringing total funding over $100-108.5 million in under a year. Andreessen Horowitz's Alex Rampell and ICONIQ's Seth Pierrepont joined the board. While Rillet did not disclose valuation, sources familiar with the deal reported it around $500 million post-money. The funding will accelerate product development, enhance AI capabilities, expand the engineering team, and grow customer success and go-to-market functions. Rillet reported over 200 customers including Postscript, Finch, Laurel, Lang AI, and Windsurf, with strategic partnerships with top accounting firms like Armanino (top 20 U.S.) and Wiss (top 50). Notably, revenue doubled in the 12 weeks since Series A, and ARR doubled in that period, though exact figures were not disclosed. Several customers are expected to go public on Rillet's platform within 6-12 months, validating its infrastructure for scaling from startup to IPO. The rapid back-to-back raises reflect strong product-market fit and momentum in disrupting stagnant enterprise accounting software dominated by incumbents for decades.
May 2025Series ASequoia Capital (lead); Susa Ventures; First Round Capital; Creandum; Lee Kirkpatrick; Ron Gill$25M-Rillet is an AI-native enterprise resource planning (ERP) platform founded by Nicolas Kopp (former N26 US CEO) and Stelios Modes, designed to modernize accounting and finance operations for mid-market companies. The company emerged from stealth in 2024 with a rebuilt general ledger architecture that replaces outdated legacy systems like NetSuite, incorporating real-time data integrations and AI-driven workflows to automate accounting processes including accruals, reconciliations, invoice processing, and board reporting. The platform integrates with leading business tools including Salesforce, Stripe, Ramp, Brex, and Rippling, with AI agents automating routine financial operations to reduce manual work and human error. On May 28, 2025, Rillet announced a $25 million Series A funding round led by Sequoia Capital, including participation from existing investors First Round Capital, Creandum, and Susa Ventures, along with prominent angel investors Ron Gill (former NetSuite CFO) and Lee Kirkpatrick (former Twilio CFO). The round came approximately ten months after the company's $13.5 million seed and pre-seed funding, bringing total funding to roughly $39 million at that time. Roelof Botha, a managing partner at Sequoia and former PayPal CFO, joined the investment, emphasizing that Rillet's approach positioned it as the system of record for next-generation finance teams. Since launching in 2024, Rillet demonstrated rapid traction with revenue growing fivefold year-on-year and the platform processing billions in transactions. By the Series A announcement, the company had signed nearly 200 customers including high-growth companies like Windsurf (an AI coding assistant later sold to OpenAI), Decagon (an AI customer support startup valued at $1.6 billion), and Postscript. Approximately one-third of Rillet's customer acquisitions involved replacing NetSuite or similar legacy systems, a metric that influenced Sequoia's investment decision. The company also established strategic partnerships with major accounting firms including Armanino (top 20) and Wiss (top 50). Rillet's Series A funding was allocated toward accelerating AI capabilities within the platform and expanding go-to-market and customer support functions. The rapid growth trajectory continued after the Series A, leading to an additional $70 million Series B round co-led by Andreessen Horowitz and ICONIQ just 12 weeks later in August 2025, bringing total funding to over $100 million within one year. The Series B announcement indicated that the company had doubled its ARR over the preceding 12 weeks and had signed over 200 customers, with several expected to go public on Rillet's platform within the following six to twelve months.
Jul 2024SeedCreandum (lead); First Round Capital (lead); Susa Ventures (lead)$14M-Rillet raised $13.5M in a combined seed and pre-seed round co-led by Creandum, First Round Capital, and Susa Ventures in July 2024. The funding included participation from individual investors such as Kevin Hartz, former Chief Accounting Officer of Facebook and Stripe, and the Controller at Ramp. Rillet, an AI-native ERP platform, aims to achieve zero-day close for real-time financial data decisions, initially serving SaaS and usage-based revenue businesses, with plans to expand to e-commerce and fintech.

Who has invested in Rillet?

15 investors have backed Rillet across its funding rounds, including Sequoia Capital, Creandum, Andreessen Horowitz, First Round Capital, ICONIQ Capital and Susa Ventures.

Lead investors include ICONIQ Capital, Andreessen Horowitz, Sequoia Capital, Creandum, First Round Capital and 1 other investor.


Rillet Investors

Investors in Rillet by funding rounds participated
InvestorHQRoundsRoleFirst check
CreandumSwedenStockholm3LeadJul 2024
Sequoia CapitalUnited StatesSan Francisco, CA3LeadMay 2025
ICONIQ CapitalUnited StatesSan Francisco, CA2LeadAug 2025
Susa VenturesUnited StatesSan Francisco, CA2LeadJul 2024
First Round CapitalUnited StatesPhiladelphia, PA2LeadJul 2024
Andreessen HorowitzUnited StatesSan Francisco, CA2LeadAug 2025
Oak HC/FTUnited StatesGreenwich, CT2ParticipantAug 2025
FirstMarkUnited StatesNew York City, NY1ParticipantAug 2026
Scale Venture PartnersUnited StatesSan Francisco, CA1ParticipantAug 2026
Battery VenturesUnited StatesBoston, MA1ParticipantAug 2026
Lee KirkpatrickUnited StatesSan Francisco, CA1ParticipantMay 2025
FOG VenturesUnited StatesSan Francisco, CA1ParticipantAug 2025
Ron GillUnited StatesSan Francisco, CA1ParticipantMay 2025

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Rillet Competitors

Rillet competitors include listed companies like Workday and SAP, and private ones like DataSnipper, Basis, AppZen and Khatabook.

Public and private companies comparable to Rillet
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
WorkdayUnited StatesUnited StatesPublicly listed$9.6B$1.2B$48B4.7x
SAPGermanyGermanyPublicly listed$42B$13B$248B5.4x
DataSnipperNetherlandsAmsterdamPrivate$45M-$1B22.2x
BasisUnited StatesNew York City, NYPrivate$388M-$1.1B3.0x
AppZenUnited StatesSan Jose, CAPrivate--$1.3B-
KhatabookIndiaBangalorePrivate$9M-$600M66.7x

Rillet Public Comps

Rillet is still privately-owned, but its public comps include iFLYHealth, ODDITY Tech, Fujian Boss Software, Braiin, ZoomInfo, Beijing Haitian Ruisheng, Beijing Deep Glint Tech, 74Software, Shenzhen Sunwin and Fractal Analytics.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
iFLYHealth$136M($7M)7.7x6.2x(150.8x)(144172.5x)
ODDITY Tech$810M$131M1.5x1.8x9.6x18.3x
Fujian Boss Software$299M$40M2.8x2.9x21.1x21.0x
Braiin$73M($15M)15.8x13.0x(76.1x)89.6x
ZoomInfo$1.2B$326M2.0x2.1x7.8x5.1x
Beijing Haitian Ruisheng$56M$5M13.8x14.0x160.9x-
Beijing Deep Glint Tech$23M($29M)25.1x8.7x(19.8x)(80.2x)
74Software$814M$112M1.9x1.8x13.7x9.8x

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Common questions about Rillet

When was Rillet founded?Rillet was founded in 2021.
Where is Rillet headquartered?Rillet is headquartered in San Francisco, CA, United States.
Is Rillet publicly listed?No, Rillet is a private, VC-backed company.
What is Rillet's valuation?Rillet was last valued at $1B in its Series C in August 2026.
How much funding has Rillet raised?Rillet has raised $209M across 4 funding rounds.
What was Rillet's last funding round?Rillet's last funding round was a $100M Series C in August 2026, led by ICONIQ Capital.
Who are Rillet's investors?Rillet's investors include Creandum, Sequoia Capital, ICONIQ Capital, Susa Ventures, First Round Capital, Andreessen Horowitz, Oak HC/FT, FirstMark, Scale Venture Partners, Battery Ventures and 5 others.
Which companies are comparable to Rillet?Companies comparable to Rillet include Workday, SAP, DataSnipper, Basis, AppZen and Khatabook.

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