Stacks raises €19.6M Series A round
To build a data layer for enterprise accounting teams and deploy AI agents that automate workflows across the finance stack.
Investors
Competitive Landscape
Direct competitors: Numeric (Series B, $28M raised, focuses on AI-driven close management and variance analysis), FloQast (Series E, $1.6B valuation, dominates mid-market close management), and Vic.ai (Series C, $115M+ raised, specializes in AI-native accounts payable). Legacy incumbents: BlackLine (publicly traded market leader with significant enterprise share), HighRadius, and OneStream. Market context: The 'Office of the CFO' is a $100B+ market undergoing a shift from rule-based task management to 'agentic' AI that automates complex accounting workflows like reconciliations and month-end closes.
About Lightspeed
Notable portfolio companies: Stripe (fintech, $70B+ valuation), Snap Inc. (social media, IPO), Affirm (fintech/BNPL, IPO), Rubrik (data security, IPO), Glean (enterprise AI search, unicorn), Mistral AI (AI research), and Navan (travel and expense management, unicorn).