What is Nominal?
Founded in 2023, Nominal specializes in automating accounting and financial management processes for businesses. The company offers a comprehensive suite of tools that include robust reporting, multi-entity consolidation, workflow automation for tasks like accruals and revenue recognition, lease compliance management, and collaborative period-end close functionalities. Nominal aims to streamline complex financial operations, providing businesses with greater efficiency and accuracy in their financial management.
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 Incubate Fund, Bling Capital, Vela Partners, and Hyperwise Ventures
Series A (2025): $20M led by Workday Ventures, Next47, Hyperwise Ventures, and Bling Capital
Key Investors in Nominal
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 create significant social impact through investment in startups. They provide capital and human resources to maximize startup growth potential.
Bling Capital
Bling Capital is an early-stage venture fund focused on assisting seed-stage entrepreneurs in finding product-market fit and scaling effectively. They empower entrepreneurs through an extensive Product Council comprising over 100 top product leaders.
Vela Partners
Vela Partners is an AI-native venture investor based in San Francisco, focusing on investing in and building a portfolio of AI startups since 2017. They aim to disrupt the traditional VC model by providing accessible VC advice and expertise through continuous research in artificial general intelligence.
What's next for Nominal?
With its recent Series A financing, Nominal is poised for significant scaling and further innovation. The substantial backing from strategic investors indicates strong confidence in the company's vision and its ability to capture a larger share of the financial management software market. This capital will likely be deployed to enhance its platform's capabilities, expand its sales and marketing initiatives, and potentially explore new market segments. The company's focus on automation and robust reporting positions it well to address the evolving needs of modern enterprises.
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