Barcelona-based Abacum raises over €50 million for their business planning software

Spanish FinTech startup Abacum, a business planning software company, today announced that it has raised a €52.5 million Series B round to continue to develop their Agentic AI, modeling engine, and collaborative workflows.

The round was led by Scale Venture Partners, with participation from Cathay Innovation, with existing investors Y Combinator, Creandum, Kfund, and Atomico doubling down on their backing for the “Office of the CFO” technology company.

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.”

Founded in 2020 by Julio Martínez and Jorge Lluch with offices in Barcelona, New York and London, Abacum is a business planning platform that empowers finance teams to drive performance. The platform aims to combine simplicity with enterprise-grade flexibility, enabling finance teams to save time, plan with confidence, and make better decisions.

Abacum will use the funding to continue fueling its US expansion, with over 50% of its revenue already stemming from the US market. It also unlocks the next phase of Abacum’s product innovation by doubling down on the following:

• Multi-agentic AI that anticipates business needs, proactively suggests actions, generates insights, and helps teams navigate complexity.
• A powerful modeling engine with faster scenario planning to help prepare for the future in times of uncertainty.
• A robust data layer that becomes a single source of truth, with the flexibility and integrations to seamlessly connect with existing tech stacks.
• Collaborative workflows that put finance in the driver’s seat by allowing the department to share insights across their organisation.

Abacum believes that finance teams today face a common challenge: too much time spent on manual tasks, data reconciliation, and navigating fragmented systems. They often operate in silos, disconnected from the rest of the business, missing the chance to drive real strategic impact where it matters most.

“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’s end-to-end business planning platform brings financial and operational data into one place in real-time. This enables them to surface actionable insights, forecast revenue, model scenarios to reduce uncertainty, automate reports, and plan headcount.

Abacum is used by industry figures such as Strava, Aiven, JG Wentworth, and Mastercam.

“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.

Over the past 12 months, Abacum has tripled its revenue and expanded its customer base across 31 countries, while maintaining the same team size. This growth mirrors what the company says they want their customers to achieve – scaling through sustainable, optimised, 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.”

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