There’s a special kind of corporate trauma that comes with implementing an ERP system. I’ve heard it described by countless founders and CFOs: the 18-month timeline that becomes 24 months, the hundreds of thousands in implementation costs, tools that are slow to load. It’s a broken category that has held businesses hostage for decades.
That’s why today, Lightspeed is leading the Series A in DualEntry, an AI-native ERP platform that’s eliminating the multi-decade pain point of ERP implementations. Founded by Santiago Nestares and Benedict Dohmen, DualEntry can migrate companies from legacy systems in under 48 hours, versus the typical 9+ month implementation timeline.
The problem isn’t just the pain; it’s the structural incentive flaw that created it. Many legacy ERP vendors built their business models around complex, expensive implementations. Their partner networks profit from the complexity, not from solving it. Companies with millions in revenue find themselves stuck between QuickBooks they’ve outgrown and NetSuite implementations they can’t stomach, creating a multi-billion-dollar gap that we believe no one has successfully addressed.
Until now.
AI-Native from Day One
DualEntry isn’t retrofitting AI onto legacy architecture. They built their entire platform from the ground up for AI integration. While their unified ledger handles billions of records with intelligent automation across all workflows, the real breakthrough is their migration engine.
DualEntry built a working general ledger in just 6 months and have already started to make a name for themselves in the market, even working with public companies. More importantly, they can demo with real customer data and onboard companies in 24-48 hours. This “zero-cost, prove-it-first” approach eliminates the primary barrier to ERP adoption: implementation risk. When you can prove value in a weekend instead of promising it after 18 months, the entire buying dynamic changes.
DualEntry’s core platform is built on three interconnected layers:
- Unified Ledger: Single source of truth handling 40+ billion records with real-time reporting
- Control Layer: Rules engine ensuring secure, auditable automation with approval workflows and granular permissions
- Accounting Workflows: Dedicated workspace for month-end close with AI-powered task management
The Right Team at the Right Time
Santiago and Benedict bring genuine founder-market fit from scaling their previous company to $100M revenue across 20 countries. Along the way, they lived through a painful NetSuite experience – 18 months implementation, hundreds of thousands in sunk costs, systems that did not deliver what they promised – all while scaling a complex multi-entity e-commerce company from the ground up. They bring a level of depth and fervor that’s reflected in their product execution speed.
But execution speed alone isn’t enough in this market. What sets them apart is their obsessive focus on customer migration and the overall customer experience. In our diligence work, multiple customers cited the migration speed as the core reason for choosing DualEntry over existing competitors. This speaks to their impressive customer referral rate, which has led to close to 50% of their customer base.
We’ve watched them build relationships with public companies, achieve product-market fit in months rather than years, and consistently win competitive deals against competitors. More importantly, they’re thinking beyond the immediate ERP replacement to build the comprehensive financial operating system that growing businesses actually need.
Why We Led
Great venture investments happen when exceptional teams attack broken markets with differentiated technology at the right moment. DualEntry checks all three boxes.
The ERP market suffers from a structural problem that creates a massive opportunity for disruption. DualEntry’s AI-native architecture isn’t just better–it enables an entirely different business model that eliminates the traditional friction points. And, Santiago and Benedict have the domain expertise and execution speed to capture this moment.
The era of 18-month ERP implementations is ending. The companies that win the next decade will be those that can prove value in days, not months–and DualEntry is a leader of that transformation.
If you’re a founder or CFO tired of being held hostage by legacy ERP implementations, schedule a demo directly with the team.
The content here should not be viewed as investment advice, nor does it constitute an offer to sell, or a solicitation of an offer to buy, any securities. The views expressed here are those of the individual Lightspeed Management Company, L.L.C. (“Lightspeed”) personnel and are not the views of Lightspeed or its affiliates; other market participants could take different views.
Unless otherwise indicated, the inclusion of any third-party firm and/or company names, brands and/or logos does not imply any affiliation with these firms or companies.
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