What is Nominal?
Founded in 2023, Nominal provides a comprehensive platform designed to modernize and automate accounting and financial management. The company's software suite offers robust reporting capabilities, multi-entity consolidation, and sophisticated workflow automation, including accruals and revenue recognition. Furthermore, Nominal addresses critical operational needs such as lease compliance and period-end close collaboration, effectively serving as a centralized hub for enterprise finance teams. By leveraging advanced technology to replace manual, error-prone processes, Nominal enables organizations to achieve greater financial transparency and operational agility in an increasingly complex global market.
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 Hyperwise Ventures, Bling Capital, Vela Partners, and Incubate Fund
Series A (2025): $20M led by Next47, Bling Capital, Hyperwise Ventures, and Workday Ventures
Key Investors in Nominal
Next47
Next47 is a global venture capital firm that invests in enterprise technology companies, particularly those leveraging artificial intelligence across systems and infrastructure.
Bling Capital
Bling Capital is an early-stage venture fund that assists entrepreneurs in finding product-market fit and scaling effectively through its extensive Product Council.
Hyperwise Ventures
Hyperwise Ventures specializes in seed investments for startups in the cybersecurity and enterprise software sectors, providing hands-on mentorship to founding teams.
What's next for Nominal?
With the successful closure of this major strategic investment, Nominal is poised to scale its engineering and go-to-market operations significantly. The company intends to utilize this capital to deepen its product feature set, specifically targeting the automation of complex accounting tasks that currently hinder enterprise productivity. As Nominal continues to expand its footprint, the focus will likely shift toward enhancing its AI-driven insights and strengthening its integration ecosystem. By maintaining its commitment to solving the most pressing challenges in financial management, Nominal is set to become an indispensable partner for enterprises seeking to modernize their back-office infrastructure and achieve long-term financial resilience.
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