AI-native ERP company DualEntry completes $90 million Series A funding round, co-led by Lightspeed, Khosla, and GV

NEW YORK — October 2, 2025 — DualEntry, an AI-native ERP platform, today announced its official launch from stealth mode, unveiling the industry's first enterprise resource planning (ERP) platform built entirely on AI, designed to challenge the traditional ERP market. The company also announced the completion of a $90 million Series A funding round, co-led by Lightspeed Venture Partners and Khosla Ventures, with participation from GV (Google Ventures), Contrary, and Vesey Ventures. This brings DualEntry's total funding to over $100 million in the past 15 months, just 18 months after its founding.

The new funding will be used to accelerate the growth of the DualEntry platform, which has already automated the processing of $100 billion in journal entries through AI, saving businesses thousands of hours in implementation and data migration time, and has signed up thousands of global users—from companies with $5 million in annual revenue to enterprises listed on the New York Stock Exchange with ARR in the hundreds of millions.

Customer Success Stories: Efficiency Leaps from Startups to Large Enterprises

• Slash, a modern banking platform with ARR exceeding $100 million, is now operated by just one finance professional, relying entirely on DualEntry. Its automation capabilities allow the team to maintain operations with only a single controller. Slash CEO Victor Cardenas said: "We've always prided ourselves on being lean, and now with DualEntry, our goal is to become a $1 billion revenue company—with a finance team of just one."
• Trillion Digital, a crypto-native trading company with daily trading volumes reaching hundreds of millions of dollars, operates across multiple entities, books, and currencies. After switching to DualEntry, its closing cycle improved from 15 days after month-end to daily closes. Trillion Digital CEO Daniel Berz said: "Semi-automated reconciliation and transaction matching are the biggest improvements we've seen since switching to DualEntry. It makes reconciling thousands of transactions daily much easier for us."

Product and Platform: Comprehensive Coverage of Financial Needs

DualEntry offers a complete ERP accounting suite, including general ledger, accounts receivable, accounts payable, real-time bank connections, audit controls, FP&A, and more. The platform is designed for multi-entity, multi-book, and multi-currency accounting, scaling with businesses from mid-market to IPO stage without the need for additional plugins or external IT support.

"When we grew our previous company to $100 million in annual revenue, our original entry-level accounting system could no longer keep pace with the company's scale. Our first ERP implementation failed, and when we finally went live, the system was cumbersome, slow, and difficult to customize," said Santiago Nestares, co-founder and CEO of DualEntry. "Most of our finance team's time was spent manually entering data into outdated ERPs. We built DualEntry so that businesses of any size and complexity can go live within 24 hours, with AI-driven mapping for rapid data migration—creating value from day one."

Investor Perspectives: The ERP Market's AI Transformation Moment

"The ERP market represents a $500 billion opportunity, but it has remained largely unchanged for decades, leaving businesses trapped in legacy systems not designed for today's AI-driven economy," said Ravi Mhatre, partner and co-founder of Lightspeed Venture Partners. "DualEntry has fundamentally reimagined ERP for the AI era. The strong early adoption we're seeing validates our thesis: the market is ready for this change. We believe DualEntry is poised to define the next generation of enterprise resource planning, and we look forward to supporting its growth to capture this massive market opportunity."

"For over 30 years, traditional ERP vendors have dominated the market with outdated, rigid systems," said Vinod Khosla, founder of Khosla Ventures. "They are expensive, with even higher implementation and operating costs. A truly AI-native system will reduce the need for people and consultants and enable daily trial balances. Santi and Ben are achieving this by building the first true AI-native ERP platform, fundamentally transforming how businesses operate in today's world."

AI Capabilities and Migration Solutions

DualEntry's AI (Accounting Intelligence) features include automated accounting workflows such as bank reconciliation, fluctuation commentary, Copilot, intercompany allocations, intercompany eliminations, reconciliations, auto-suggestions, anomaly detection, and more. All features are developed in collaboration with the company's in-house accountants, designed to eliminate repetitive manual work and give time back to finance teams. The platform offers over 13,000 integrations with best-in-class systems for banking, AR, AP, CRM, HRIS, and more, helping businesses build fully synchronized data sources, freeing workflows from spreadsheets and data silos, and providing CFOs with rapid insights through real-time dashboards.

The company's NextDay Migration solution—powered by the world's first ERP migration engine—eliminates painful implementation processes, enabling teams to go live with the full accounting suite within 24 hours, securely and seamlessly migrating every line item, subledger, and attachment. DualEntry has successfully migrated customers from a variety of platforms, covering legacy systems (NetSuite, Sage Intacct, SAP, and Microsoft Dynamics), sunsetting systems (Microsoft Great Plains, QuickBooks Desktop, and Peoplesoft), and entry-level systems (QuickBooks and Xero).

"Over the next decade, 75% of CPAs will retire," said Benedict Dohmen, co-founder of DualEntry. "This funding comes at a critical moment when the accounting industry urgently needs new, modern solutions—this is no longer a nice-to-have, but a necessity. In the past, businesses that failed to move from on-premise to the cloud were left behind. Now, the shift from cloud systems to AI-driven systems is widening the gap even further. With the support of exceptional partners like Lightspeed, Khosla Ventures, and GV—who have invested in category definers such as OpenAI, Anthropic, Ramp, Stripe, and Affirm—we are accelerating our mission to rewrite the rules of ERP."

About DualEntry

Founded in 2024, DualEntry is an AI-native ERP software for the mid-market. Modern finance teams use DualEntry AI to automate 90% of manual tasks, close faster, and focus their time on strategy. For more information, visitdualentry.com。