DualEntry Closes $90 Million Series A Funding Round to Innovate ERP Solutions with AI Technology

DualEntry Sets a New Standard in ERP with $90 Million Series A Funding

On October 2, 2025, DualEntry, an AI-driven user experience-focused ERP platform, announced its entry into the market alongside a hefty $90 million Series A funding round. This funding was led by notable investors such as Lightspeed Venture Partners, Khosla Ventures, and GV (formerly Google Ventures). The impressive financial backing underscores the urgent demand for modern ERP solutions that can efficiently serve businesses of all sizes.

Emerging from stealth mode, DualEntry aims to address the challenges posed by traditional ERP systems—often characterized by their dated features and labor-intensive implementations. With their AI-native platform, DualEntry has been designed from the ground up to revolutionize how companies manage their resources and financial data. The company has already made significant strides, having processed a staggering $100 billion worth of journal entries, resulting in substantial time savings in both implementation and data migration processes.

The journey has proved fruitful for various businesses, including Slash, a modern banking platform. Victor Cardenas, CEO of Slash, highlighted how his one-person finance team leverages DualEntry to streamline their operations effectively. They aim for $1 billion in revenue while maintaining that lean operational approach, showcasing the platform's operational versatility. Likewise, Trillion Digital, a crypto-centric trading firm, improved their accounting cycle dramatically, switching from a long monthly closing period to a daily basis thanks to the automated features DualEntry offers.

DualEntry's ERP suite covers the complete range of accounting needs, including general ledger management, accounts payable and receivable, real-time auditing controls, and much more. Furthermore, it facilitates multi-entity, multi-book, and multi-currency accounting, enabling seamless scalability for businesses as they grow from mid-market players to public enterprises ready for IPO.

Santiago Nestares, co-founder and CEO of DualEntry, reflected on his previous experiences with ERP systems, emphasizing the need for agile solutions that can quickly adapt to corporate growth without cumbersome add-ons or dependency on external IT help. He mentioned how existing systems often consume precious time, leaving finance teams bogged down by manual data entry tasks. This is precisely why DualEntry's design focuses on automated processes, allowing businesses to go live within 24 hours post-implementation.

With DualEntry's NextDay Migration solution—driven by an innovative ERP migration engine—the platform directs its operations from legacy systems swiftly, eliminating delays and enhancing efficiency. The system effortlessly migrates all data points—accounts, line items, subledgers—seamlessly integrating them into the new framework. Businesses transitioning from platforms like NetSuite, SAP, QuickBooks, or even other aging systems can do so without significant obstacles.

Opinions among industry veterans align with the momentum DualEntry is generating. Ravi Mhatre from Lightspeed Venture Partners affirms the urgency of modernizing an ERP sector lagging behind—a $500 billion market largely unchallenged for decades. Vinod Khosla from Khosla Ventures echoed this sentiment, pointing to the inefficiencies of conventional ERP solutions rife with additional costs tied to staffing and training.

DualEntry differentiates itself with its AI capabilities, which include automated workflows like bank matching, reconciliation, and anomaly detection, developed collaboratively with a team of in-house accountants. This strategic approach is intended to relieve finance teams from the burdensome aspects of their routines, enabling them to invest their efforts into strategic initiatives.

The integration capabilities with over 13,000 external systems across banking, AR, AP, CRM, and HRIS allow companies to create a synchronized environment that breaks free from spreadsheets and isolated systems, empowering CFOs with rapid insights via real-time dashboards and analytics.

As the accounting landscape evolves—with 75% of CPAs expected to retire in the next decade—the relevance of adaptive, modern solutions similar to DualEntry is more critical than ever. Benedict Dohmen, co-founder of DualEntry, remarks on the ongoing transition within the industry, urging the entire community to move towards AI-integrated solutions. The backing of esteemed investors such as Lightspeed, Khosla, and GV—who have also invested in leading names like OpenAI, Stripe, and Ramp—positions DualEntry favorably to make an indelible mark in the ERP universe.

In closing, DualEntry not only aims to address the needs of today's businesses but is poised to redefine what enterprise resource planning entails moving forward. As new benchmarks emerge in accounting technology, it will be interesting to observe how DualEntry continues to innovate and take the lead in the warehouse of smart business solutions.