What is Nominal?
Founded in 2023 and headquartered in New York, Nominal is an innovative platform dedicated to the modernization and automation of accounting and financial management. The company addresses the complexities of multi-entity consolidation, revenue recognition, and lease compliance through a unified, intelligent interface. By streamlining period-end close processes and automating intricate workflows, Nominal enables finance departments to transition from manual data entry to high-value strategic analysis. Its market position is defined by its ability to integrate seamlessly into existing enterprise ecosystems, providing the robust reporting and collaboration tools necessary for scaling organizations to maintain financial integrity.
How much funding has Nominal raised?
Nominal has raised a total of $29.2M across 2 funding rounds:
Angel/Seed
$9.2M
Series A
$20M
Angel/Seed (2024): $9.2M with participation from Bling Capital, Hyperwise Ventures, Vela Partners, and Incubate Fund
Series A (2025): $20M led by Bling Capital, Next47, Hyperwise Ventures, and Workday Ventures
Key Investors in Nominal
Bling Capital
Bling Capital is an early stage venture fund focused on assisting seed stage entrepreneurs in finding product-market fit, leveraging an extensive Product Council of over 100 top industry leaders.
Next47
Next47 is a global venture capital firm that invests in enterprise technology companies, particularly those leveraging artificial intelligence across systems, infrastructure, and application software.
Hyperwise Ventures
Hyperwise Ventures specializes in seed investments for startups in the cyber security and enterprise software sectors, providing hands-on mentorship to founding teams.
What's next for Nominal?
With the successful closure of its latest financing round, Nominal is poised to enter a phase of aggressive market expansion and product innovation. The strategic focus will likely center on deepening its automation suite to handle increasingly complex global financial requirements, while simultaneously scaling its sales and customer success operations to capture a larger share of the enterprise market. By leveraging the expertise of its diverse investor base, Nominal is expected to refine its go-to-market strategy, ensuring that its platform remains at the forefront of the digital transformation of the office of the CFO. Future developments will likely emphasize enhanced AI-driven insights and broader integration capabilities, further cementing its role as an essential component of the modern financial stack.
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