There was also strong participation in the round from global VC fund Cathay Innovation, with existing investors Y Combinator, Creandum, Kfund, and Atomico all doubling down on their backing for the ‘Office of the CFO’ technology company. 

Finance teams today face a common challenge: too much time spent on manual tasks, data reconciliation, and navigating fragmented systems. They often operate in silos, disconnected from the rest of the business, missing the chance to drive real strategic impact where it matters most. After years of experiencing these very pain points firsthand, Julio and Jorge co-founded Abacum with the desire to build the solution that they wish they had in their careers.

“Modern finance teams have long been underserved – caught between the complexity of enterprise tools and the limitations of spreadsheets,” said Stacey Bishop, Partner at Scale Venture Partners. “Abacum strikes the perfect balance: robust enough for serious FP&A, intuitive enough for business users, and built AI-first from day one. With AI powering everything from reporting to planning, they’re redefining what’s possible.”

Abacum’s end-to-end business planning platform brings financial and operational data into one place in real-time. This enables them to surface actionable insights, forecast revenue with confidence, model scenarios to reduce uncertainty, automate reports, plan headcount, and much more. Abacum is used by hundreds of mid-market companies to drive efficient growth and performance, including industry leaders such as Strava, Aiven, JG Wentworth, and Mastercam. 

"Thanks to Abacum, we brought automation into our finance processes and now have real-time data, which is essential for our fast-scaling company. We reduced our headcount needs three-fold and accelerated our reporting cycle by 73%,” Richard Harem, RapidSOS Head of Finance said. 

Built by finance leaders for finance leaders, Abacum’s collaborative and flexible platform empowers finance teams to automate historically manual work, plan with confidence and agility, think more strategically, influence key company decisions with authority, and become a true business partner. 

"We saved a week of time and now have our business review meetings within the first five days of the month. We were a reactive organisation, but now 80% of our time is on strategic planning instead of data wrangling,” Nico Serventi, Kajabi Director of Finance said. 

Over the past 12 months, Abacum has tripled its revenue and expanded its customer base across 31 countries, all while maintaining the same team size. This efficient growth mirrors what the company strives to empower its customers to achieve – scaling through sustainable, optimised, capital allocation.

Founded in Barcelona but headquartered in New York and with offices in London, Abacum will use the funding to continue fuelling its rapid US expansion, with over 50% of its revenue already stemming from the US market. It also unlocks the next phase of Abacum’s product innovation by doubling down on the following:

• Multi-agentic AI that anticipates business needs, proactively suggests actions, generates insights, and helps teams navigate complexity
• A powerful modelling engine with faster scenario planning to help prepare for the future in times of uncertainty
• A robust data layer that becomes a single source of truth, with the flexibility and integrations to seamlessly connect with existing tech stacks
• Collaborative workflows that put finance in the driver’s seat by allowing the department to share insights across their organisation

Julio Martínez, Co-Founder and CEO, Abacum, said: “Finance teams are eager for change. They’re demanding AI-powered platforms that enable them to be strategic drivers within their business. We raised this round to meet that very demand with urgency. 

From day one, we’ve been obsessed with one thing – customer value. Raising this Series B isn’t just about scaling to new markets or expanding into existing ones, it’s about deepening the value we deliver to the teams already building with us and accelerating our ability to support more of them. We’re very grateful to our customers and supporters, as this is as much a celebration for them as it is for us.”

Jacky Abitbol, Managing Partner, Cathay Innovation, said: “Abacum is building one of the most advanced Vertical AI platforms we’ve seen – purpose-built to transform the finance function from a back-office role into a strategic growth engine.”

As pioneers of Vertical AI and long-term partners to category leaders, we see Abacum as a new generation platform redefining how CFOs operate through data, automation, and intelligence. We’re proud to support the team in this next chapter of global growth.”

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