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Abacum is a series B company based in New York City (United States), founded in 2020 by Jorge Lluch and Julio Martínez. It operates as a Provider of a financial planning and analysis software platform. Abacum has raised $92.1M in funding from investors like Y Combinator, Atomico and Creandum. The company has 2647 active competitors, including 203 funded and 143 that have exited. Its top competitors include companies like Visma, Intuit and Xero.
Company Details
Provider of a financial planning and analysis software platform. This platform empowers finance teams to improve performance through budgeting, forecasting, and scenario planning. It offers features such as collaborative workflows, automated reporting, and data integration capabilities. The platform also includes tools for headcount planning and investor reporting, enabling users to create real-time financial and operational reports. Advanced features leverage AI for forecasting and anomaly detection. The software facilitates efficient data management and transformation, eliminating manual processes.
- Website
- www.abacum.ai/
- Social
- Email ID
- *****@abacum.io
Key Metrics
Founded Year
2020
Location
New York City, United States
Stage
Series B
Total Funding
$92.1M in 4 rounds
Latest Funding Round
Investors
Ranked
3247th among 3247 competitors
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Abacum's funding and investors
Filter this listAbacum has raised a total funding of $92.1M over 4 rounds. Its first funding round was on Apr 08, 2021. Its latest funding round was a Series B round on May 28, 2025 for $60M. 6 investors participated in its latest round, lead by Scale Venture Partners.
Abacum has 12 institutional investors including Y Combinator, Atomico and Creandum. Justin Kan and 10 others are Angel Investors in Abacum.
Here is the list of recent funding rounds of Abacum:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
May 28, 2025 | $60M | Series B | 9799751 | 1147560 | |
Nov 30, 2021 | $25M | Series A | 1054948 | 7174804 | |
2021 | $125K | Seed | 4911 | 1213 |
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Abacum's founders and board of directors
Founder? Claim ProfileHere are the details of Abacum's key team members:
- Jorge Lluch: Co-Founder & COO of Abacum.
- Julio Martínez: Co-Founder & CEO of Abacum.
View details of Abacum's Founder profiles and Board Members
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Abacum's Competitors and alternates
Top competitors of Abacum include Visma, Intuit and Xero. Here is the list of Top 10 competitors of Abacum, ranked by Tracxn score:
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Overall Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Cloud based enterprise resource planning software | $198M | 81/100 | ||
2nd | Intuit 1983, Mountain View (United States), Public | AI-based accounting and financial management solutions for individuals and businesses | - | 80/100 | |
3rd | Xero 2006, Wellington (New Zealand), Public | Cloud-based accounting and payment management software for small and medium businesses | - | 75/100 | |
4th | FreeAgent 2007, Edinburgh (United Kingdom), Acquired | Cloud-based accounting software for small businesses, freelancers, and accountants | $21.9M | 74/100 | |
5th | FreshBooks 2003, Toronto (Canada), Series E | Cloud-based invoicing and accounting software | $154M | 72/100 | |
6th | Found 2019, San Francisco (United States), Series B | Accounting and bookkeeping management solutions for small businesses | $119M | 71/100 | |
7th | Online accounting and invoicing solutions for SMBs | $40.9M | 69/100 | ||
8th | Accounting solutions for freelancers, small, and medium-sized businesses | $61M | 67/100 | ||
9th | Web-based accounting software for businesses | $82.4M | 65/100 | ||
10th | Online bookkeeping services for SMBs | $115M | 65/100 | ||
3247th | Abacum 2020, New York City (United States), Series B | Provider of a financial planning and analysis software platform | $92.1M | - |
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Abacum's Investments and acquisitions
Abacum has made no investments or acquisitions yet.
Reports related to Abacum
Here is the latest report on Abacum's sector:
News related to Abacum
Media has covered Abacum for 1 event in last 1 year.
•
Abacum Secures $60 Million in Series B to Power AI-Driven Business PlanningSuperbCrew•Jun 13, 2025•Abacum, Scale Venture Partners, Cathay Innovation, Y Combinator and 3 others
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