Nominal Raises $9.2M Seed Funding to Transform Financial Management with Generative AI
Nominal is redefining financial management with its generative AI and cloud-based platform.
Company Name: Nominal
Location: NYC
Sector: Generative AI for Financial Management
Funding Details: Raised $9.2M in Seed funding, led by Bling Capital and Hyperwise Ventures, with participation from Vela Partners, Incubate Fund, and executives from notable companies.
Purpose of Investment: To accelerate product offering, expand market reach, and increase sales and support resources in the U.S.
Leadership: CEO Guy Leibovitz and VP of R&D Golan Kopichinsky
Product: Nominal uses generative AI and cloud technology to optimize and automate accounting and financial management for mid-market multi-entity businesses, offering features like reporting, multi-entity consolidation, and workflow automation. It's generative subledgers and custom workflows can significantly streamline financial operations.
About Company: Nominal is redefining financial management with its generative AI and cloud-based platform. Catering primarily to mid-market, multi-entity businesses, Nominal is already managing over $1 billion in book value across hundreds of entities, showcasing its capacity to transform financial processes and compliance.