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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•2 months ago

Amount Raised

$80 Million

Round Type

series b

New YorkFinancial ServicesSoftware

Investors

LightspeedRed GlassLux CapitalGeneral CatalystSequoiaFounders 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.

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.

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Funding Insights

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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

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