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Rillet is a series A company based in New York City (United States), founded in 2021. It operates as a SaaS accounting platform for SaaS companies. Rillet has raised $38.5M in funding from First Round Capital and Creandum. The company has 2501 active competitors, including 200 funded and 135 that have exited. Its top competitors include companies like Intuit, Visma and Xero.
Company Details
SaaS accounting platform for SaaS companies. It offers solutions for Accrual accounting, revenue recognition, invoicing, financial close, reconciliation, and SaaS metrics. It also offers solutions for performance tracking.
Key Metrics
Founded Year
2021
Location
New York City, United States
Stage
Series A
Total Funding
$38.5M in 2 rounds
Latest Funding Round
Investors
Ranked
230th among 2501 active competitors
Legal entities associated with Rillet
Rillet is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
Aug 02, 2021 | - | 738 | 328 |
Rillet's funding and investors
Rillet has raised a total funding of $38.5M over 2 rounds. Its first funding round was on Jul 29, 2024. Its latest funding round was a Series A round on May 28, 2025 for $25M. 5 investors participated in its latest round, lead by Sequoia Capital.
Rillet has 4 institutional investors including First Round Capital, Creandum and Puzzle Ventures. Kevin Hartz and 1 other are Angel Investors in Rillet.
Here is the list of recent funding rounds of Rillet:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
May 28, 2025 | $25M | Series A | 4672000 | 1748289 | |
Jul 29, 2024 | $13.5M | Seed | 4306074 | 4502845 |
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Rillet's Competitors and alternates
Top competitors of Rillet include Intuit, Visma and Xero. Here is the list of Top 10 competitors of Rillet, ranked by Tracxn score:
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Overall Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Intuit 1983, Mountain View (United States), Public | AI-based accounting and financial management solutions for individuals and businesses | - | 82/100 | |
2nd | Cloud based enterprise resource planning software | $198M | 80/100 | ||
3rd | Xero 2006, Wellington (New Zealand), Public | Cloud-based accounting and payment management software for small and medium businesses | - | 76/100 | |
4th | FreeAgent 2007, Edinburgh (United Kingdom), Acquired | Cloud-based accounting software for small businesses, freelancers, and accountants | $21.9M | 75/100 | |
5th | FreshBooks 2003, Toronto (Canada), Series E | Cloud-based invoicing and accounting software | $154M | 74/100 | |
6th | Iris Software 1979, Datchet (United Kingdom), Acquired | Accounting and payroll management software for businesses | - | 72/100 | |
7th | Found 2019, San Francisco (United States), Series B | Accounting and bookkeeping management solutions for small businesses | $119M | 72/100 | |
8th | Kyriba 2000, San Diego (United States), Acquired | Cloud-based treasury automation and risk management solutions | $159M | 68/100 | |
9th | App & cloud-based accounting and financial management solutions for businesses | $237M | 68/100 | ||
10th | Accounting solutions for freelancers, small, and medium-sized businesses | $61M | 66/100 | ||
230th | Rillet 2021, New York City (United States), Series A | SaaS accounting platform for SaaS companies | $38.5M | 30/100 |
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Rillet's Investments and acquisitions
Rillet has made no investments or acquisitions yet.
Reports related to Rillet
Here is the latest report on Rillet's sector:
News related to Rillet
Media has covered Rillet for a total of 4 events in the last 1 year, 2 of them have been about partnerships.
•
AI accounting firm Rillett secures $25M Series A funding from Sequoia, totaling $38M in 10 months.
Cui Niuhui•May 29, 2025•Rillet, Sequoia Capital
•
Artificial Intelligence Finance News Tabs and Rillet Partner to Build the Next-Generation Finance StackGlobal FinTech Series•Mar 27, 2025•Tabs, Rillet
•
Tabs and Rillet Partner to Build the Next-Generation Finance StackBusiness Wire•Mar 27, 2025•Tabs, Rillet
•
Rillet raises $13.5M to build the modern accounting platform that makes zero day close a realityPR Newswire•Jul 29, 2024•Susa Ventures, Creandum, First Round Capital, Rillet and 1 other
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