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§ Private Profile · New York City, NY, USA
An AI-native FP&A platform that automates financial planning, forecasting, reporting, and budgeting for mid-market finance teams.
Based in New York City, Abacum is a software company that develops an AI-native financial planning and analysis platform to automate corporate reporting, budgeting, and forecasting. The enterprise platform integrates real-time operational and financial data to replace manual spreadsheets for mid-market and high-growth companies. Its software-as-a-service product specifically targets chief financial officers and finance teams operating across more than 40 countries. The organization currently maintains a workforce of approximately 125 employees across its primary headquarters and international offices in London and Barcelona. To support its ongoing software development and international expansion, Abacum has secured over $100 million in total venture funding, including a $25 million Series A round. This capital was raised with backing from prominent institutional investors such as Y Combinator, Atomico, Creandum, and Scale Venture Partners. The company was founded in 2020 by Julio Martinez and Jorge Lluch.
Abacum has raised $92.0M across 3 funding rounds.
Key people at Abacum.
Abacum was founded in 2020 by Julio Martinez (Founder) and Jorge Lluch (Founder).
Abacum has raised $92.0M in total across 3 funding rounds.
Abacum has raised $92.0M across 3 funding rounds. Most recently, it raised $60.0M Series B in June 2025.
Key people at Abacum.
Abacum is an AI-native Financial Planning & Analysis (FP&A) platform designed to help finance teams in mid-market companies automate complex financial planning, forecasting, and reporting tasks. It combines the simplicity of spreadsheets with enterprise-grade flexibility, enabling CFOs and finance teams to connect data, workflows, and stakeholders for smarter, faster decision-making. Abacum serves sectors such as SaaS, fintech, mobility, marketplaces, and martech, providing over 700 integrations to unify business data. Its AI-driven features include intelligent forecasting, automated report summaries, anomaly detection, and collaborative workflows that transform FP&A into a strategic, team-driven process. The platform has raised over $100 million and is trusted by industry leaders like Strava, BetterUp, and Dish Networks, reflecting strong growth momentum and market adoption[1][2][3][6].
Founded in 2020 by Julio Martinez and Jorge Lluch Valdecasas—both former CFOs—Abacum emerged from their firsthand experience with the inefficiencies in mid-market financial planning. They identified that existing FP&A tools were either too manual or overly complex, failing to keep pace with growing data and reporting demands. Their vision was to create a solution that blends spreadsheet familiarity with powerful automation and AI capabilities. Headquartered in New York with offices in London and Barcelona, Abacum launched its platform in 2021 and quickly gained traction by addressing a critical pain point: freeing finance teams from manual tasks to focus on strategic decision-making and faster execution[1][3][5][7].
Abacum rides the growing trend of AI and automation in finance, addressing the increasing complexity and volume of data mid-market companies face. The timing is critical as businesses demand faster, more accurate financial insights to navigate volatile markets and scale efficiently. By integrating AI-driven forecasting and collaborative features, Abacum shifts FP&A from a backward-looking, manual process to a forward-looking, strategic function. This transformation supports broader digital finance initiatives and influences the startup ecosystem by enabling finance teams to become proactive business partners rather than just data reporters[1][2][6].
Looking ahead, Abacum is poised to deepen its AI capabilities and expand its footprint across more industries and geographies. As AI continues to mature, the platform’s ability to deliver predictive insights and automate complex workflows will become even more critical for finance teams. Trends such as increased demand for real-time data, scenario planning, and integrated business intelligence will shape Abacum’s evolution. Its influence is likely to grow as it empowers finance teams to drive business performance, making FP&A a central pillar of strategic decision-making in mid-market companies[1][2][3].
Abacum was founded in 2020 by Julio Martinez (Founder) and Jorge Lluch (Founder).
Abacum has raised $92.0M in total across 3 funding rounds.
Abacum's investors include Scale Venture Partners, Atomico, Creandum, Earlybird Venture Capital, Felix Capital, FJ Labs, Goat Capital, KFund, Pro Founders Capital, Scale Asia Ventures, SMOK Ventures, Teamworthy Ventures.
