An expensive ERP ordeal sent two founders into the accounting software business. Their wager: a better ledger begins with a less painful move.
Quanta’s cleverest idea is also its least glamorous: before an AI can explain the books, somebody has to make the books worth explaining.
After surviving an acquisition with the books trapped in spreadsheets, John Glasgow built the finance system he wished he had. Campfire now wants to replace the old ERP without asking accountants to surrender the controls.
Ark is a Boston-based software company that builds a cloud platform for running private capital funds. Founded in 2017, it combines fund accounting, an investor portal, LP reporting, and fundraising tools into one system used by venture capital, private equity, fund-of-funds, and real estate managers as well as the fund administrators who service them. By 2026 the platform supported more than 500 GPs and administrators overseeing roughly $185 billion in assets. In July 2026, AngelList acquired Ark to fold its fund-administration software into AngelList's banking, payments, and cap-table infrastructure.
Rillet is an AI-native ERP built by accountants that automates the month-end close, recognizes revenue in real time, and surfaces SaaS metrics directly from the general ledger. Founded by former N26 US CEO Nicolas Kopp and CTO Stelios Modes, the San Francisco company positions itself as a modern replacement for legacy systems like NetSuite and QuickBooks, letting finance teams close their books in days instead of weeks. Backed by Sequoia, Andreessen Horowitz, and ICONIQ, Rillet has raised over $100M and serves 500+ scaling companies.