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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.

PRIVATEMar 27, 2024

Amount Raised

$9.2 Million

Round Type

Seed

AustinFinancial 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.

Quick answer

Nominal raised $9.2 Million in a Seed round, dated March 27, 2024. Investors: Incubate Fund, Vela Partners, Hyperwise Ventures and Bling Capital. Nominal is based in Austin, Texas, United States.

How much did Nominal raise?
Nominal raised $9.2 Million in a Seed round on March 27, 2024.
Who invested in Nominal?
Incubate Fund, Vela Partners, Hyperwise Ventures and Bling Capital are named as investors in this round.
What does Nominal do?
We are Nominal, and we empower the next-generation economy.
Where is Nominal based and how big is it?
Nominal is based in Austin, Texas, United States. Fundz records about 110 employees.
Who are the decision-makers at Nominal?
Fundz holds 4 contacts at Nominal, including the Director, Growth ad BD. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Software around the same time

Companies in the same sectors as Nominal that raised within 45 days of this round, from Fundz verified event records.

  • Spectral Capital Corporation raised $150K (Pre-Seed) on May 8, 2024.
  • Greenboard raised $4.5M (Seed) on May 8, 2024.
  • Daloopa raised $18M (Series B) on May 7, 2024.
  • Wayve Technologies Limited raised $1.1B (Series C) on May 6, 2024.
  • Jeeves raised $75M on May 6, 2024.
  • Lunar raised $26M (Series D) on May 1, 2024.

Who to call at Nominal, and when

A new round usually means Nominal is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Nominal

Location

1018 W 11th St.

Austin, Texas, 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.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment Nominal raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

4 contacts
Verified contactsJosh L., Director, Growth ad BD hiddenSee plans and pricing
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Nominal raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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