Startup profile for Rillet: latest funding, latest known valuation, total disclosed funding, investors, status, sources, and why the company is interesting. Part of the Venture Capital Tracker startup directory.
Venture Capital Tracker logo
Venture Capital Tracker

Startup profile · funding coverage

Rillet funding, valuation and investors

AI-native ERP and general ledger where agents do finance work with human approval.

Keep track of Rillet

Save this profile to your VCT watchlist for a quick return.

View watchlist

Funding, valuation & investors

Answer-first snapshot

Latest funding

Series C

$100M · August 2026

Latest known valuation

$1B

Series C · August 2026

Total disclosed equity funding

$195M

Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.

Current status

private

growth · San Francisco, California

Investors in latest funding

Lead: ICONIQ

Other: Sequoia , Andreessen Horowitz , Bain Capital Ventures , Battery Ventures , Scale Venture Partners , Creandum

Sources: latest funding · rillet.com Last verified: 2026-08-19

Overview

Rillet is an AI-native ERP that puts AI agents inside a real-time general ledger with human approval and an audit trail. Founded by Nicolas Kopp, former U.S. CEO of N26. On August 17, 2026 the company announced a $100 million Series C at a $1 billion valuation led by ICONIQ, with participation from Sequoia, Andreessen Horowitz, Sequoia Global Equities, Bain Capital Ventures, Oak HC/FT, Battery Ventures, FirstMark, Scale Venture Partners, and Creandum. ICONIQ does not have a Venture Capital Tracker fund page. Prior rounds: $70 million Series B in August 2025 (a16z and ICONIQ co-led; Reuters cited ~$500 million) and $25 million Series A in May 2025 (Sequoia). The company says total funding is more than $200 million; summing the three headline checks is $195 million. It reports more than 600 customers and named Mercor, Function Health, and Temporal. Revenue dollars were not disclosed.

Why Rillet is interesting

August 17, 2026: $100M Series C at $1B led by ICONIQ — third round in 14 months, Sequoia and a16z returning. Named customers include Temporal. ARR dollars were not disclosed; the company said it doubled new ARR in three months.

Product & use cases

AI-native ERP replacing traditional general ledgers with automated reconciliations, revenue recognition, and continuous close, with agents operating inside the ledger.

  • Month-end and continuous close for high-growth and public companies
  • Replacing NetSuite, SAP, Oracle Fusion, or QuickBooks at scale-ups
  • Finance teams running agents plus humans on one audit trail

Key facts

  • Series C (Aug 17, 2026): $100M at $1B, ICONIQ led; Sequoia and a16z returning (company)
  • Series B (Aug 2025): $70M co-led by a16z and ICONIQ; Reuters cited ~$500M
  • Series A (May 2025): $25M led by Sequoia
  • >600 customers; named Mercor, Function Health, Temporal; doubled new ARR in three months (company — not a dollar ARR)
  • Company says >$200M total raised; A+B+C headlines sum to $195M

Funding history (newest first)

Series C

2026-08 $100M Valuation: $1B

Source: Read source · rillet.com

Series B

2025-08 $70M Valuation: ~$500M (Reuters, 2025)

Source: Read source · rillet.com

Series A

2025-05 $25M

Source: Read source · reuters.com

Investors in our directory

Funds linked from Rillet's profile — open a fund page for stage focus and related deal articles.

andreessen-horowitz sequoia bain-capital-ventures battery-ventures scale-venture-partners creandum

Competitive landscape

Edge: Vertically integrated ledger plus agents, rather than a copilot on a batch ERP. ICONIQ led a follow-on after co-leading the B. Proof is customer count and named logos, not disclosed ARR.

AI-native finance tools attack NetSuite complexity. Rillet’s $1B Series C is a system-of-record bet with Sequoia and a16z still in. Basis printed a similar check size at a slightly higher mark for a different buyer (firms vs in-house ERP).

  • NetSuite (Oracle) incumbent

    Dominant mid-market ERP; Rillet’s stated replacement target.

  • Basis adjacent

    $100M at $1.15B in February 2026 (Business Wire; Accel-led), aimed more at accounting firms. No VCT profile.

  • Puzzle / Campfire direct

    AI-native accounting peers; similar buyer but not the same $1B print on this site.

Notable stories

  • Rillet’s Series C post says Mercor is scaling past $2B ARR with a finance team of three on Rillet — a customer anecdote, not a Mercor filing (Rillet blog, Aug 17, 2026).

Industries

fintech enterprise-saas ai-ml

Market / IPO context

Editorial / static context — not a live quote.

Related funding articles

Venture Capital Tracker pieces that cover Rillet's financing or category context.

FAQs about Rillet

Practical answers founders, operators, and investors typically search for.

$1 billion as of the August 17, 2026 $100 million Series C led by ICONIQ.
Rillet is an AI-native ERP: agents work inside a real-time general ledger with human approval and an audit trail.
ICONIQ led. Sequoia (/fund/sequoia) and a16z (/fund/andreessen-horowitz) participated, along with Bain Capital Ventures, Battery Ventures, Scale Venture Partners, and Creandum.
Headline checks: $25M Series A, $70M Series B, $100M Series C ($195M). The company says total funding is more than $200 million.
No dollar ARR. It said it doubled new ARR in the last three months and has more than 600 customers.
NetSuite is a legacy ERP. Rillet is betting agents need to run inside a purpose-built ledger rather than on top of NetSuite.
Nicolas Kopp, former U.S. CEO of neobank N26.
Private as of August 2026.
Website All startups Funding news

By Venture Capital Tracker

Last updated:

Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.