Barcelona-based Abacum Secures Over €50 Million In Series B Round

The funds will help further develop its Agentic AI, advanced modeling engine, and collaborative workflows.

The round was led by Scale Venture Partners, with Cathay Innovation also joining in. Existing investors Y Combinator, Creandum, Kfund, and Atomico have renewed their support for the company, which focuses on building tools for the modern CFO's office.

Julio Martínez, Co-Founder and CEO, Abacum 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.”

Abacum will use the new funding to continue expanding in the US, where over half of its revenue already comes from. The investment will also support the next stage of product development, focusing on key innovations.

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These include multi-agentic AI that can anticipate business needs, offer proactive suggestions, generate insights and help teams manage complex situations. The platform will enhance its modeling engine for faster scenario planning, especially useful during uncertain times.

A strong data layer will serve as a single source of truth, with flexible integration options to fit into existing tech systems. Additionally, improved collaborative workflows will allow finance teams to easily share insights across their organizations and take a more strategic role.

Abacum sees a major challenge facing finance teams today: they spend too much time on manual tasks, data reconciliation, and dealing with fragmented systems.

Often working in silos, they miss out on opportunities to make a greater strategic impact across the business.

“Modern finance teams have long been underserved – caught between the complexity of enterprise tools and the limitations of spreadsheets,” said Stacey Bishop, Partner at Scale Venture Partners.“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.”

Abacum offers an all-in-one business planning platform that brings together financial and operational data in real time. This helps companies uncover actionable insights, forecast revenue, create scenario models to manage uncertainty, automate reporting, and plan team headcount more effectively.

Leading companies like Strava, Aiven, JG Wentworth, and Mastercam use Abacum to streamline their planning processes.

“Thanks to Abacum, we brought automation into our finance processes and now have real-time data, which is essential for our fast-scaling company. We reduced our headcount needs three-fold and accelerated our reporting cycle by 73%,” Richard Harem, RapidSOS Head of Finance said.

“We saved a week of time and now have our business review meetings within the first five days of the month. We were a reactive organisation, but now 80% of our time is on strategic planning instead of data wrangling,” added Nico Serventi, Kajabi Director of Finance.

In the last 12 months, Abacum has tripled its revenue and grown its customer base across 31 countries—all without increasing its team size. This reflects the same goal Abacum aims to help its customers achieve: scaling efficiently through smart, sustainable capital allocation.

Jacky Abitbol, Managing Partner, Cathay Innovation said: “Abacum is building one of the most advanced Vertical AI platforms we’ve seen – purpose-built to transform the finance function from a back-office role into a strategic growth engine.”

As pioneers of Vertical AI and long-term partners to category leaders, we see Abacum as a new generation platform redefining how CFOs operate through data, automation, and intelligence. We’re proud to support the team in this next chapter of global growth.”

About Abacum

Founded in 2020 by Julio Martínez and Jorge Lluch, Abacum is a business planning platform with offices in Barcelona, New York, and London. It helps finance teams improve performance by offering a tool that combines ease of use with enterprise-level flexibility—saving time, boosting confidence in planning, and supporting smarter decision-making.