Abacum Raises $60 Million in Series B
Abacum, a New York-based business planning software company, has raised $60 million in Series B funding.
The round was led by Scale Venture Partners, with participation from Cathay Innovation and existing investors Y Combinator, Creandum, Kfund, and Atomico.
Scale Venture Partners is a Bay Area-based venture capital firm focused on the next generation of enterprise software companies building AI-enabled applications. The firm typically invests in SaaS, cloud infrastructure, and data-driven technologies, primarily targeting Series A and B rounds to support companies as they transition from startup to scale-up phases.
The company will use the funds to fuel expansion in the U.S. market, deepen product innovation in AI and modeling, and strengthen its platform’s collaboration and data integration capabilities.
Founded by Julio Martínez and Jorge Lluch, Abacum is a global company that provides a business planning platform that empowers finance teams to automate manual tasks and unify financial and operational data. Its collaborative software delivers real-time forecasting, headcount planning, reporting automation, and scenario modeling. It combines simplicity with enterprise-grade flexibility, enabling finance teams to save time, plan and make better decisions, faster. Headquartered in New York, with offices in London and Barcelona, Abacum serves customers in over 30 countries.
Funding Details
Company: Abacum, Inc.
Raised: $60.0M
Round: Series B
Funding Date: June 2025
Lead Investor: Scale Venture Partners
Additional Investors: Cathay Innovation, Y Combinator, Creandum, Kfund, Atomico
Company Website: https://www.abacum.ai/
Software Category: Financial Planning & Analysis (FP&A) / Vertical AI for Finance