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Abacum raises $60M in Series B funding led by Scale Venture Partners to accelerate product innovation and growth.

Jun 11, 20256 months ago

Amount Raised

$60 Million

Round Type

series b

New YorkSoftware

Investors

Scale Venture Partners

Description

Abacum, a NYC-based business planning software company, raised $60M in Series B funding. The round was led by Scale Venture Partners. The company intends to use the funds to accelerate its product innovation and growth, continuing to expand rapidly across the U.S. Founded by Julio Martínez and Jorge Lluch, Abacum provides an end-to-end business planning platform that brings financial and operational data into one place in real-time.

Company Information

Company

Abacum

Location

New York, New York, United States

About

Abacum provides an end-to-end business planning platform that brings financial and operational data into one place in real-time. This enables them to surface actionable insights, generate revenue and model scenarios to reduce uncertainty, automate reports, plan headcount, and much more.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech