DualEntry is a technology company.
DualEntry has raised $100.0M across 2 funding rounds.
DualEntry has raised $100.0M in total across 2 funding rounds.
DualEntry has raised $100.0M in total across 2 funding rounds.
DualEntry's investors include Contrary Capital, Energy Impact Partners, Crystal Huang, GV, Khosla Ventures, Lightspeed Venture Partners, RTP Global, Theory Forge Ventures, Jason Lemkin, 8VC, BoxGroup, Founders Fund.
DualEntry is an AI-native ERP platform designed for mid-market companies scaling to IPO, focusing on a secure, extensible accounting ledger that automates 90% of manual finance workflows.[1][2][3] It serves finance teams at enterprises handling multi-entity, multi-book, multi-currency accounting, solving the pain of legacy ERPs' long implementations (often 18+ months and $100k+ in fees) by offering zero-cost setup in under 4 weeks via AI-powered data migration and 200+ native integrations (e.g., Ramp, Brex, Deel).[1][2][5] DualEntry processes over $100 billion in transactions, supports 13,000+ bank connections across 50+ countries, and has onboarded 42 companies—including public corporations—by mid-2025, winning 80% of deals against incumbents and 100% against AI-native rivals like Rillet.[1][3][4]
Founded in 2024 in New York by accountants who led a 12-person finance team frustrated by a failed ERP implementation and a "successful" one that took 9 months and $100k while relying on consultants, DualEntry emerged from stealth in October 2025.[1][2][3] The founders built it after experiencing slow data entry, manual reconciliations, and outdated 1980s-era tools, creating an AI-first ERP with in-house accountants' input for real workflows like bank matching and anomaly detection.[2][3][4] Early traction was rapid: by July 2025, the team hit 42 employees, onboarded 42 enterprise customers processing $100B+ in transactions, and raised over $100M total funding, including a $90M Series A led by Lightspeed Venture Partners and Khosla Ventures (with GV, Contrary, Vesey).[1][2][4]
DualEntry rides the AI-native ERP wave disrupting the $500B legacy market dominated by slow, consultant-heavy giants like those from the 1980s.[1][2][4] Its timing leverages maturing LLMs for finance automation, post-ChatGPT, enabling mid-market firms outgrowing QuickBooks but underserved by Oracle/SAP's multi-year setups to scale efficiently without headcount bloat.[1][3] Market forces like rising multi-entity complexity, real-time FP&A needs, and AI cost reductions favor it, as seen in 80-100% win rates and $100B processed.[1][4] It influences the ecosystem by proving AI can replace manual workflows, pressuring incumbents and accelerating adoption among startups to NYSE firms.[1][2]
DualEntry's momentum—$90M Series A, enterprise wins, $100B+ processed—positions it to capture mid-market share as AI ERPs mature.[1][2][4] Next: expand AI features (e.g., advanced treasury, revenue recognition), grow beyond 42 customers via global banks/50+ countries, and target IPO-scale firms amid ERP market growth.[1][3][5] Trends like agentic AI and regulatory demands for audit-ready automation will propel it, potentially evolving influence from disruptor to standard as legacies lag.[2][4] This modern ledger scales where others stall, redefining finance from cost center to strategic edge.
DualEntry has raised $100.0M across 2 funding rounds. Most recently, it raised $90.0M Series A in October 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2025 | $90.0M Series A | Contrary Capital, Energy Impact Partners, Crystal Huang, GV, Khosla Ventures, Lightspeed Venture Partners, RTP Global, Theory Forge Ventures, Jason Lemkin | |
| Apr 1, 2024 | $10.0M Seed | 8VC, BoxGroup, Contrary Capital, Founders Fund, General Catalyst, Giant Ventures, Crystal Huang, Khosla Ventures, Lightspeed Venture Partners, Lux Capital, Pareto Holdings, RTP Global, Sequoia Capital, Susquehanna Capital, Thrive Capital, Bradley Horowitz, Chafic Kazoun, Scott Belsky, Teddy Citrin |