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Abacum, A Saas For Finance Teams, Adds $25M In Atomico-Led Series A

Nov 30, 2021•about 4 years ago

Amount Raised

$25 Million

Round Type

series a

Description

Abacum, a SaaS maker geared toward upgrading mid-sized companies’ financial planning and analysis tools, has fast-followed the $7 million seed it raised earlier this year (April) with a $25M Series A round. The latest funding brings its total raised to date to $32M.

Company Information

Company

Abacum

About

Abacum co-founder and CEO Julio Martínez told TechCrunch the 2019-founded startup now has over 50 customers, spread across five continents. Per Martínez, Abacum will use the Series A funding — primarily — for product development and growth. “Our goal in the next months is to continue building more value for our customers in the Abacum platform with more functionality. Abacum provides the platform strategic finance teams need to do exactly this: Aggregate and combine existing sources of business data, forecast, plan and — crucially — collaborate with all other teams in a company.”YC-backed Abacum nets $7M to empower finance teams with real-time data and collaboration tools

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech