Nominal raised $20M to expand its AI-powered finance automation platform. With agent-based workflows and ERP integrations, it helps teams reduce manual work, accelerate close, and scale operations without extra headcount. As finance demands rise, the platform delivers the intelligence needed to keep up.
I’m thrilled to share that Nominal has raised $20 million in Series A funding, led by Next47, with participation from Workday Ventures, and the continued support of our Seed investors, Bling Capital, and Hyperwise Ventures. This brings our total funding to $30M—and more importantly, brings us one step closer to solving one of the biggest problems in finance today: excessive manual work and insufficient time to focus on what truly matters.
Our platform has already saved finance teams over 50,000 hours of manual accounting work. With this raise, we’re doubling down on our AI agent capabilities and expanding integrations across ERPs so that mid-market and enterprise finance teams can move faster, reconcile smarter, and scale without adding more headcount.
The Problem: A $220B Market Running on Outdated Systems
The ERP market is massive, with a value of $220 billion and growing at a rate of 17% annually. But most ERP systems weren’t built for the speed, complexity, or data demands of modern finance. Implementations are long. Customizations are expensive. Visibility is delayed. Data is fragmented.
According to Morgan Stanley, 20% of ERP growth is shifting toward startups like Nominal: companies offering more innovative, AI-native solutions. And with half of CIOs planning ERP upgrades over the next two years, there’s never been a better time to bring intelligence into the core of financial operations.
We Don’t Just Manage Work. We Perform It
At Nominal, we believe the future of finance isn’t just automated—it’s agentic.
Our AI agents don’t just provide suggestions; they take action. They match transactions, generate entries, identify variances, and drive business forward without requiring additional headcount. It’s not about dashboards and alerts. It’s about doing the work that’s slowing you down, without manual effort.
When Golan (our CTO) and I built Nominal, we applied the same principles we used in our previous company, Cognigo, which we sold to NetApp, to a new mission: helping finance teams run as intelligently and autonomously as the rest of the business.
Today, that vision is coming to life.
A System of Intelligence, Not Another ERP
Nominal isn’t another ERP, and we’re not asking you to rip and replace. Instead, we run alongside your existing systems with a shadow ledger that mirrors your GL structure and supports automation across:
- Multi-entity consolidation
- Intercompany management
- Transaction matching, balance sheet reconciliations
- Journal entry creation
- Flux and variance analysis (with narratives)
All with no long implementations and no custom scripts.
Companies like Jiffy Lube and GoGlobal Travel are already utilizing Nominal to accelerate their month-end close, reduce errors, and shift their teams from mundane tasks to strategic initiatives.
Why This Matters
We’re in a market where 300,000 CPAs are missing from the workforce, and the pressure on finance teams continues to rise. Manual work isn’t just inefficient. It’s risky. It creates compliance gaps, delays insights, and burns out great people.
That’s why our mission is clear: replace repetitive work with intelligent action, and give finance teams the power to operate at scale, without compromise.
What’s Next
With this new funding, we’re building for:
- Controllers who want to trust their numbers
- CFOs who need real-time insights
- Finance teams who want to stop reconciling spreadsheets and start leading the business
We’re just getting started, but we’re moving fast. If you’re part of a finance team that’s tired of “making it work” with outdated tools, we’d love to show you what Nominal can do.
Thank you to our customers, our investors, and our incredible team of pheNominals for believing in what we’re building. The AI era of finance is here; and we’re ready to lead it.
— Guy, CEO & Co-founder, Nominal
