Stacks, the agentic platform for enterprise finance, has raised a $23M Series A led by Lightspeed, with EQT Ventures, General Catalyst, and S16VC doubling down.

The round comes less than a year after Stacks’ $12 million seed financing led by General Catalyst, underscoring the company’s rapid traction and momentum.

Since emerging from stealth less than a year ago, Stacks has onboarded more than 30 enterprise customers globally, saving finance teams over 100,000 hours annually by automating reconciliations, journal entries, and the month-end close.

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Timestamps:

0:12 - Stacks announces $23 million Series A funding

1:00 - Over 30 enterprises onboarded to platform2:01 - Monthly financial close workflow explained

3:20 - Target customers include finance leaders and accountants

6:29 - Time to close the books is 8 hours

7:05 - 30% of customers are in the US8:11 - Future goals include significant customer growth

9:19 - Launching additional functionality this year

12:57 - Transitioning from bootstrap to venture-backed

14:02 - Importance of efficiency in finance today

15:39 - Flipping the data manipulation equation

19:20 - Accelerating R&D to meet customer needs