Nominal raised $9.2M in a seed funding round led by Bling Capital and Hyperwise Ventures to disrupt the $44B ERP market with generative AI.

Mar 27, 2024•over 1 year ago

Amount Raised

$9.2 Million

Round Type

seed

New YorkFinancial ServicesSoftware

Investors

Incubate FundVela PartnersHyperwise VenturesBling Capital

Description

Nominal launched with $9.2 million in seed funding from Bling Capital and Hyperwise Ventures, with participation from Vela Partners, Incubate Fund and executives from Bill.com, Salesforce, Justworks, ServiceNow and Intel. The company plans to use the funds to accelerate its product offering, expand its market reach and increase sales and support resources in the U.S.

Company Information

Company

Nominal

Location

160 Varick St.

New York, New York, United States

About

We are Nominal, and we empower the next-generation economy. Nominal modernizes and automates accounting and financial management, providing robust reporting, multi-entity consolidation, workflow automation (including accruals and revenue), lease compliance (ASC 842/IFRS 16), period-end close collaboration, and much more. Nominal's generative subledgers transform business logic into actions and insights using Generative AI - without the need for costly engineering or lengthy IT projects. Our shadow-ledger is implemented in days, not months, and seamlessly integrates with existing general ledgers and ERPs.

Related People

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Funding Insights

Based on industry data

VC-backed spending patterns