Stacks

We have raised a $23M Series A led by @lightspeedvp, with continued support from @generalcatalyst, @eqtventures & s16vc. Less than a year in > Over 30 enterprise customers, > 100.000+ hours saved annually > Customers cutting their close cycle by up to 8 days > 95% of reconciliations automated Grateful to our customers, investors, and the Stacks team. We're just getting started.

Today we're launching Flux AI Agent. Flux investigates variances the way a senior analyst would. It pulls transaction-level evidence directly from your ERP, enriches it with full context, flags outliers, and writes explanations with citations back to source data. What used to take days happens in seconds.

If you're toggling back to your ERP to fix missing entries, there's a better way. Ben walks through his experience with bank reconciliations as a chartered accountant and shows how it’s supposed to be done.

@albertmalikov live right now on @etnshow !!

People of technology. We're one hour late today - the reason is because have easily one of the most accomplished operators in Silicon Valley history on the show It's Tuesday 24th and we're LIVE Here's today's Order of Play: >> 1PM Laura Connell (@LauraConnell18), Partner at Atomico (@atomico) >> 1:20PM Joe McDonald, CEO & Co-Founder at tem. >> 1:40PM Roman Shemet (@RomanShemet), Founder at Cactus (YC S25) >> 2PM Diyala D'Aveni, CEO of Vento & Producer at ITW >> 2:20PM Albert Malikov (@albertmalikov), CEO @ Stacks >> 2:40PM Sean Blanchfield (@seanblanchfield), CEO of Jentic (@jenticai) >> 3PM Gokul Rajaram (@gokulr), Founding Partner at Marathon MP (@MarathonMP) x.com/i/broadcasts/1…

oh hello there @Nasdaq tower 🗽

@SebJohnsonUK spot us when you really zoom in 👀

European tech is FINALLY firing on all cylinders. $8bn has been invested in 2026 but what stands out is the breadth of the investments. Last year it was all about the application layer. Already this year we've had big raises across: > Frontier AI - Ineffable > Chips - OLIX > Robotics - RobCo > Defence - Harmattan AI, STARK > Fintech -Pennylane, Stream > SaaS - Mews Europe needs to have players in each category and we're finally getting them There's also been a BUNCH of new unicorns and one new decacorn - ElevenLabs. The total number to beat for 2026 is $64bn (total for 2025) which I am VERY confident we will surpass. Great stuff from @yoramdw, and the @dealroomco team

Everybody has their FX rates aligned?👀

@jbahrdestefano @lightspeedvp @generalcatalyst Impossible to miss this story! ;)

Missed this fintech funding story last week! @_StacksAI raised a $23M Series A led by @lightspeedvp (less than a year after their $12M seed led by @generalcatalyst) Stacks is an agentic AI platform for enterprise accounting teams, automating reconciliations, journal entries, and the month-end close No real stats on the biz but apparently 30+ enterprise customers onboarded since coming out of stealth last year axios.com/pro/fintech-de…

@etnshow @albertmalikov @lightspeedvp Can't miss this!!

Albert Malikov (@albertmalikov) CEO and Founder of Stacks (@_StacksAI) joins us tomorrow at 2:20PM GMT after raising a $23M Series-A last week led by @lightspeedvp.

@TheVCNotebook Thanks!!

Another AI accounting deal, this time in Europe Stacks raises a $23m Series A led by Lightspeed, with strong results after a little under a year in operation Congrats to the team!

@menlotimes @eqtventures @generalcatalyst Reinventing finance as we speak!!

Stacks @_StacksAI Raises $23 Million to Reinvent Finance Operations With Agentic AI. Stacks, helping reinvent the financial close, led by Albert Malikov and the team, has raised $23M Series A led by Lightspeed, with EQT Ventures @eqtventures, General Catalyst @generalcatalyst, 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.

The next major frontier for AI exploration might be for the Office of the CFO. This week on The Investment Memo, @_StacksAI Co-Founder and CEO @albertmalikov joins @alex_schmitti to explain the "perfect storm" hitting finance teams, from accountant shortages, fragmented data, and workflows still anchored in the past. Stacks is taking a different approach with a strong data foundation and systems designed for accuracy. It’s a clear look at how an AI-first finance stack could help set a higher bar for efficiency and accuracy. 0:00 Accounting Workflows & Quick ROI 0:49 TIM Introduction 1:42 Why the CFO Office Is Ripe for Disruption 3:41 Monthly Close & Data Fragmentation Problem 7:31 Why AI Adoption in Finance Is Hard 11:31 Stacks Origin Story & Product Vision 19:02 Real Customer Use Cases & Impact 26:22 Series A, Culture, and Future of Finance

@lightspeedvp @albertmalikov @alex_schmitti Incredible, this is a must listen conversation in 2026!!

Stacks has been freeing up 100,000+ hours for accountants across dozens of organisations. @alex_schmitti from @lightspeedvp & @albertmalikov sit together to discuss the drastic changes in the finance landscape.

@YourCFOGuy This fix is long overdue!!

The monthly close has been broken forever. Stacks is finally fixing it.

@_StacksAI has raised a $23M Series A, led by @Lightspeed, with @EQTVentures, @GeneralCatalyst, and @S16VC. Less than a year out of stealth. Here's what's happened since 🧵

read the full announcement here axios.com/pro/fintech-de…

We have raised a $23M Series A led by @lightspeedvp, with continued support from @generalcatalyst, @eqtventures & s16vc. Less than a year in > Over 30 enterprise customers, > 100.000+ hours saved annually > Customers cutting their close cycle by up to 8 days > 95% of reconciliations automated Grateful to our customers, investors, and the Stacks team. We're just getting started.

No more "I thought you were handling that?" and endless Slack threads going nowhere. In Stacks, assign a dedicated preparer and reviewer to every task, with clear due dates, so nothing slips through the cracks.