Abacum, a business planning software platform that helps finance teams optimise performance, has raised $60m in a Series B funding round.
The round was led by San Francisco-based Scale Venture Partners, whose portfolio includes major enterprise software players such as DocuSign, HubSpot, Bill.com, and Box. Additional participation came from global venture capital firm Cathay Innovation, while existing investors Y Combinator, Creandum, Kfund, and Atomico all increased their commitments in this latest round.
Founded by Julio Martínez and Jorge Lluch, Abacum offers an end-to-end business planning platform aimed at transforming how finance teams operate. The platform integrates financial and operational data in real-time, allowing teams to forecast revenue, automate reports, model scenarios, and plan headcount with greater confidence and efficiency. It is currently used by hundreds of mid-market companies, including Strava, Aiven, JG Wentworth, and Mastercam.
The new capital will be used to accelerate product development and fuel further expansion in the United States, which already accounts for more than half of its revenue. The company also plans to invest heavily in AI-driven capabilities, including multi-agent AI that anticipates business needs, a powerful modelling engine for faster scenario planning, a robust data integration layer, and collaborative workflows designed to help finance teams drive strategic decision-making.
Over the past year, Abacum has tripled its revenue and grown its customer base across 31 countries, all while maintaining the same team size.
The company, originally founded in Barcelona, is now headquartered in New York and also maintains offices in London.
Abacum co-founder and CEO Julio Martínez said, “Finance teams are eager for change. They’re demanding AI-powered platforms that enable them to be strategic drivers within their business. We raised this round to meet that very demand with urgency.
“From day one, we’ve been obsessed with one thing – customer value. Raising this Series B isn’t just about scaling to new markets or expanding into existing ones, it’s about deepening the value we deliver to the teams already building with us and accelerating our ability to support more of them. We’re very grateful to our customers and supporters, as this is as much a celebration for them as it is for us.”
Scale Venture Partners partner Stacey Bishop said, “Modern finance teams have long been underserved – caught between the complexity of enterprise tools and the limitations of spreadsheets.
“Abacum strikes the perfect balance: robust enough for serious FP&A, intuitive enough for business users, and built AI-first from day one. With AI powering everything from reporting to planning, they’re redefining what’s possible.”
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