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Marc Andrusko
B2B-investeringspartner + andra Marc A-@a16z | föreg. @Plaid @GoldmanSachs | kommer inte att vila förrän jag vinner den @NewYorker tecknad bildtext tävling.
Marc Andrusko delade inlägget
I’m excited to share that we’ve raised a $70M Series B, led by @a16z and @ICONIQCapital - bringing our total funding to over $100M in under a year.
Accounting is a $500B category, and yet most finance teams are still running on systems built in the 90s. @RilletHQ is rebuilding the financial core of modern companies. We’ve rebuilt the general ledger from the ground up to assemble the first AI-native ERP, built for speed, flexibility, and automation.
Since coming out of stealth ~12 months ago, we’ve grown lightning fast. We now power the finance stack behind companies like @PostscriptIO, @windsurf, @DecagonAI, @bitwarden and many more across many industries. Windsurf scaled revenue 10x while running global finance with just two people and Rillet. Postscript, with over $100M in ARR and four entities, now closes their books in three days. These are the kinds of results we hold ourselves to.
We’ve also partnered with some of the largest and best accounting firms in the country, including @Armanino_HQ, @wissllp and Attivo. The whole industry has been begging for change for decades. With Rillet, it’s here.
This round came together very quickly. The first call happened while I was eating a tuna sandwich in SF (I did not finish it). Three days later, we had a signed term sheet. It was a reflection of the momentum we’re seeing both in the product and in the market. Since announcing our Series A just weeks ago, we’ve already doubled our ARR.
None of this would be possible without our team of accountants and engineers. A few months ago, I was still jumping on support calls to help customers. Today, our implementation, success, and product teams are delivering outcomes with the same speed and care that got us here. We originally booked an offsite to celebrate the Series A. In classic Rillet speed fashion, it’s now an A + B celebration. It’s proof of how fast things can move when customers love the product and a reminder of how much this team has earned the chance to celebrate together.
We’re fortunate to welcome @a16z and @ICONIQCapital to the table. @arampell, @seema_amble, @mandrusko1 and @slpierre, @skstebbins bring clarity, urgency and deep conviction about the future of AI and finance.
We’re also grateful to have continued support from our early partners @sequoia, @firstround, @creandum who believed in us from the start, and excited about working with @oakhcft and @FogVentures.
To the Rillet team, again - thank you for building with care, focus, and speed. To our customers - thank you for pushing us, trusting us, and helping shape the product. We are honored to serve you.
Let’s go!
237,01K
Marc Andrusko delade inlägget
Första tweeten någonsin. Förhoppningsvis blir inte serie C den andra.
@_MomentHQ har samlat in en serie B-investering på 36 miljoner dollar ledd av @indexventures för att automatisera räntemarknaden på 150 biljoner dollar.
Vi tillkännager också vårt partnerskap med LPL Financial, den största mäklaren i USA.
Vårt team automatiserade obligationshandeln på Citadel och Jane Street - nu har vi samlat ett team i världsklass för att driva varje verksamhetskritiskt arbetsflöde inom räntebärande tillgångar.
Tack @PaigeSmithNews för skrivningen i @business, och till @a16z, @lightspeedvp, @Venrock, @neo och @contrary för det fortsatta stödet.
Och välkommen, @janatindex till styrelsen.
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1/ Registersystem är ryggraden i så många företag – särskilt när de lagrar värdefull kund- och prospektdata (Salesforce tjänar 35 miljarder dollar per år i topplinje!). Men AI vänder upp och ner på försäljningscykeln och omdefinierar vad det innebär att sälja. CRM-system och andra försäljningsverktyg kan nu ha mycket mer sammanhang, och sammanhang är det som människor använder för att fatta beslut. @joeschmidtiv och jag förklarar vad detta betyder för framtidens försäljning och mjukvara.
115,45K
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