The $70M Bet on Ending Spreadsheet Pain
Rillet just raised $70M—and I’m over here cheering like a proud cheerleader on Super Bowl day.
I met Nicolas Kopp and the Rillet team back in 2021 when I was deep in the search for better ERPs.
The product was still a work-in-progress. A small team. No press releases. Just a few big ideas and a vision that made my accounting brain tingle.
They wanted to rebuild accounting from the ground up—with AI, with heart, and with people who actually knew what a journal entry was.
Four years later, they’ve done just that.
Today, I’m incredibly proud to support them—as an angel investor, as a friend, and as someone who’s spent way too many late nights wrestling with spreadsheets and legacy ERPs.
This Series B isn’t just another funding headline—
It’s $70 million co-led by a16z and ICONIQ, with Sequoia, Oak HC/FT, and other heavyweights doubling down.
It’s validation.
It brings Rillet’s total funding to over $100 million in under a year.
They’ve signed 200+ customers.
They doubled ARR in just 12 weeks.
Even better? Some of the fastest-growing companies in the world are now closing their books in 3 days—with two-person teams.
That’s not hype. That’s what happens when a platform is built by accountants who’ve lived the pain—and finally decided to solve it.
Rillet isn’t just automating accounting.
They’re freeing us.
From clunky systems.
From copy-paste close processes.
From the idea that finance teams must scale linearly with headcount.
They’ve built a platform that understands how we work—
Because it was built by people who’ve done the work.
This raise isn’t just a win for Rillet—it’s a win for every accountant who’s ever thought,
“There has to be a better way.”
Congratulations to Nicolas Kopp, Stelios Modes, and the entire Rillet team.
The future of accounting is here—and I’m so proud to see you building it.
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