What is Nominal?
Founded in 2023, Nominal is dedicated to streamlining accounting and financial operations through advanced technology. The company offers a comprehensive suite of tools designed to enhance reporting accuracy, facilitate multi-entity consolidation, automate workflows such as accruals and revenue recognition, ensure lease compliance, and improve collaboration during the period-end close process. Nominal aims to provide businesses with a robust and efficient platform for managing their financial health.
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 Vela Partners, Incubate Fund, Bling Capital, and Hyperwise Ventures
Series A (2025): $20M led by Hyperwise Ventures, Workday Ventures, Bling Capital, and Next47
Key Investors in Nominal
Vela Partners
Vela Partners is an AI-native venture investor based in San Francisco, focusing on early-stage AI startups and building a portfolio since 2017. They aim to provide accessible VC advice and expertise through continuous research in artificial general intelligence.
Incubate Fund
Incubate Fund is a venture capital firm dedicated to supporting ambitious entrepreneurs from the early stages of their challenges, aiming to contribute to economic development and social impact through investment in startups.
Bling Capital
Bling Capital is an early-stage venture fund focused on assisting seed-stage entrepreneurs in finding product-market fit and scaling effectively, leveraging a Product Council of over 100 top product leaders.
What's next for Nominal?
With substantial new capital infusion, Nominal is poised for accelerated expansion and product development. The recent strategic investment, following earlier seed funding, indicates a strong market validation and investor confidence in the company's trajectory. This financing will likely be directed towards enhancing its technological capabilities, expanding its market reach, and further automating intricate financial management tasks. The company's focus on enterprise-level solutions suggests a strategic push to capture a larger share of the corporate finance technology market.
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