New York Startup Aims to Revolutionize Accounting and ERP for Finance Teams of All Sizes
New York, October 2025 — DualEntry, a New York-based ERP startup, has officially emerged from stealth, securing $90 million in Series A funding to transform the world of enterprise accounting. The funding round was co-led by Lightspeed Venture Partners and Khosla Ventures, with contributions from GV (Google Ventures), Contrary, and Vesey Ventures, bringing DualEntry’s total funding to over $100 million in just 18 months.
The startup’s AI-powered ERP platform has already processed $100 billion in journal entries, helping companies save thousands of hours on data migration and onboarding. Its customer base spans from small businesses generating $5 million in revenue to NYSE-listed firms with hundreds of millions in annual recurring revenue.
One early adopter, fintech firm Slash, runs its entire $100M+ ARR operation with a finance team of just one person using DualEntry. CEO Victor Cardenas says, “We’ve always prided ourselves on being lean, and now, with DualEntry, our goal is to be a $1-billion revenue business — still with a finance team of just one.”
Modern ERP Built for Finance Teams
Founded in 2024 by Benedict Dohmen and Santiago Nestares, DualEntry positions itself as the first ERP platform natively built with AI at its core. Nestares, who leads the company, offers a complete accounting suite including general ledger, accounts receivable, accounts payable, live bank connections, FP&A, and audit controls.
Targeting mid-market finance teams, DualEntry automates up to 90% of manual accounting tasks, allowing teams to focus on strategy and growth. It supports multi-entity, multi-currency, and multi-book accounting, scaling from mid-sized businesses to IPO-stage companies without the need for external IT support or add-ons.
Its Accounting Intelligence (AI) features cover bank matching, financial commentary, intercompany transfers, reconciliations, automated suggestions, and fraud detection. With over 13,000 integrations to banking systems, CRM, HR, and accounting platforms, companies can establish a centralized source of truth for their financial data.
DualEntry’s NextDay Migration solution allows businesses to launch a complete ERP system within 24 hours, securely transferring all data, including line items, subledgers, and attachments. The platform supports migrations from older systems like NetSuite, Sage Intacct, SAP, and Microsoft Dynamics, as well as retiring platforms like QuickBooks Desktop and PeopleSoft, while also connecting to starter systems like QuickBooks Online and Xero.
“When we scaled our last company to $100 million in revenue, our starter accounting system couldn’t keep up,” says Nestares. “Most of our finance team’s time was spent manually entering data into a clunky ERP. We built DualEntry to get businesses of any size live in 24 hours, with AI-powered mapping that adds value from day one.”
DualEntry’s launch signals a new era of AI-driven ERP solutions that promise faster setup, smarter automation, and strategic insights for finance teams looking to stay lean and competitive.
