DualEntry Emerges From Stealth With $90M Series A

Gunderson Dettmer represented DualEntry, the AI-native ERP, in its emergence from stealth mode and the announcement of its $90 million Series A financing. The round was led by Lightspeed Venture Partners and Khosla Ventures with participation from Google Ventures, Contrary and Vesey Ventures.

DualEntry’s complete ERP accounting suite is built for multi-entity, multi-book, multi-currency accounting, and is designed to scale with businesses from mid-market to IPO without needing add-ons or external IT support calls.

The company will use the new capital to drive growth for DualEntry’s platform, which has already processed $100 billion worth of journal entries with AI automation, saved businesses thousands of hours on implementation and data migration and signed thousands of global users.

In the announcement of the transaction, DualEntry co-founder Benedict Dohmen said, “This funding comes at a time in the accounting industry where finding new, modern solutions is not a nice-to-have, but a must…With the backing of our exceptional partners Lightspeed, Khosla Ventures and GV – who have funded category-definers like OpenAI, Anthropic, Ramp, Stripe, and Affirm – we’re accelerating our mission to rewrite the ERP playbook.”

The Gunderson deal team was led by Hozefa Botee and included Tuca Bihari and Greg Miele.

Companies
DualEntry
Lightspeed Venture Partners
Khosla Ventures
Google Ventures
Contrary
Vesey Ventures