- Founded
- 2021
- Headquarters
- New York, NY
- Latest Round
- Series B
- Est. Valuation
- ~$500M
Investment Thesis
Rillet is an AI-native ERP platform built for CFOs and accounting teams at high-growth companies. Founded by Nicolas Kopp (former US CEO of N26) and Stelios Modes, the platform automates accounting workflows and aims to make zero-day close a reality.
The company has over 200 customers with revenue growing 5x year-over-year. Its $70M Series B co-led by a16z and ICONIQ came just 10 weeks after its Series A, valuing the company at ~$500M.
Finance teams run on ERPs built in the 1990s that are brittle, clunky, and deeply manual — month-end closes take 10+ days of spreadsheet wrangling across disconnected tools.
AI-native ERP that automates 99.7% of journal entries, closes books in days instead of weeks, and deploys in 4 weeks vs. 12 months for legacy systems like NetSuite.
$500B ERP market hasn't been rebuilt in decades; AI can now reason over contracts and workflows while CFO cost pressure and accounting labor shortages force automation.
200+ customers including unicorn Postscript; ARR doubled in 12 weeks, revenue growing 5x YoY, NPS above 70 and perfect G2 scores across the board.
Nicolas Kopp (CEO, former US CEO of N26, ex-Morgan Stanley) and Stelios Modes (CTO, architect of N26's payment infrastructure, ex-ThoughtWorks and Shazam).