7 min read
|
Saved February 14, 2026
|
Copied!
Do you care about this?
John Glasgow, CEO and CFO of Campfire, discusses the company's swift rise in the ERP market after raising $100 million in less than a year. He addresses the importance of maintaining high-quality implementation, managing dual roles, and supporting companies through IPO readiness.
If you do, here's more
Campfire, a young ERP provider, has attracted significant attention by raising $100 million in under a year, quickly becoming a favored choice among CFOs. CEO John Glasgow highlights that the funding was driven by customer demand for a financially stable partner rather than mere investor hype. Many companies, particularly those in the $500 million to $1 billion revenue range, sought reassurance regarding Campfire's ability to meet their financial reporting needs without raising concerns with auditors.
Glasgow emphasizes that Campfire operates with a Series A mindset despite its rapid growth, focusing on long-term investments while maintaining operational discipline. A key investment has been in developing a proprietary accounting model to address common pitfalls in traditional ERPs. Glasgow, who also serves as CFO, values staying closely connected to both finance and customers to ensure a quality product and service. He is involved in customer onboarding and advocates for transparency through customer reference calls during the sales process to build trust.
Concerns about cloud ERP systems often center on the risk of updates or integrations breaking functionality, leaving customers responsible for any issues. Campfire mitigates this risk by adopting a multi-tenant SaaS model that doesn’t allow customers to write custom code directly into the system. This design means that customers are not liable for breakages caused by their own modifications, ensuring they can use the system with confidence.
Questions about this article
No questions yet.