E48: Why Sequoia Invested $25M in Accounting Software with Rillet CEO Nicolas Kopp

This week, Sasha Orloff and Nicolas Kopp, CEO & Founder at Rillet, discuss how Rillet is transforming accounting by leveraging AI to streamline processes, improve efficiency, and build lean finance teams. They also talk about the company’s $25 million funding from Sequoia, the importance of clean data, and Rillet’s customer-focused approach. -- SPONSORS: Notion Boost your startup with Notion—the ultimate connected workspace trusted by thousands worldwide! From engineering specs to onboarding and fundraising, Notion keeps your team organized and efficient. For a limited time, get 6 months of Notion AI FREE to supercharge your workflow. Claim your offer now at ⁠⁠⁠⁠https://notion.com/startups/puzzle⁠⁠⁠⁠ Puzzle 📈  No more waiting for month's end. No more manual reconciliations, just financials that keep up with you. Puzzle is leading a new movement with an AI first ledger, built for speed, automation, and real time decision making. Join today at ⁠⁠⁠⁠https://puzzle.io/⁠⁠⁠⁠ -- RECOMMENDED IN THIS EPISODE: https://www.linkedin.com/in/nicolas-kopp/ https://www.rillet.com/ -- X/SOCIAL: @nicckopp (Nicolas) @sashaorloff (Sasha) -- TIMESTAMPS: (00:00) Preview (01:00) Intro (01:28) Meet Nicolas Kopp from Rillet (02:23) Rillet's mission and market (03:11) Founding story and challenges (05:27) Building a modern GL (11:27) Future of finance teams (14:56) Real-world examples and success stories (16:39) Sponsors: Notion | Puzzle (18:03) AI-powered ERP (21:28) Building a business with substance (22:03) Investor perception and challenges (22:46) Customer obsession and success (24:31) Advice for founders (27:49) The Sequoia effect (30:47) Future milestones and product vision (32:23) Customer feedback and obsession (38:47) Wrap