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Nominal Raises $80M in Series B Extension Funding Led by Founders Fund at $1 Billion Valuation. The company aims to accelerate the development of its AI platform and expand its engineering team.

PRIVATEMar 06, 2026

Amount Raised

$80 Million

Round Type

Series B

AustinFinancial ServicesSoftware

Investors

Sequoia CapitalGeneral CatalystLux CapitalRed GlassLightspeedFounders Fund

Description

Nominal, based in Austin, Texas, raised $80 million in Series B extension funding, reaching a valuation of $1 billion. The round was led by Founders Fund and included investors like Sequoia and General Catalyst. The funds will be used to enhance their 'Tools for Progress' suite and expand their global operations. Nominal has seen significant growth, currently serving major defense contractors.

Quick answer

Nominal raised $80 Million in a Series B round, dated March 6, 2026. Investors: Sequoia Capital, General Catalyst, Lux Capital, Red Glass, Lightspeed and Founders Fund. Nominal is based in Austin, Texas, United States.

How much did Nominal raise?
Nominal raised $80 Million in a Series B round on March 6, 2026.
Who invested in Nominal?
Sequoia Capital, General Catalyst, Lux Capital, Red Glass, Lightspeed and Founders Fund 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.

  • Anchorage Digital raised $100M (Series E) on February 6, 2026.
  • Everee raised $4.5M (Series A) on April 17, 2026.
  • INVIA raised $1.2M (Seed) on April 17, 2026.
  • Gravity raised $7M (Seed) on April 15, 2026.
  • Ratio raised $16M (Funding Round) on April 14, 2026.
  • MillTech raised $60M (Funding Round) on April 10, 2026.

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.

  • An alert the day Nominal raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Nominal, from your own LinkedIn network

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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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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Nominal raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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