The spreadsheet is the original financial operating system. It is also a bottleneck. For a mid-market CFO scaling from 100 to 1,000 employees, the manual process of consolidating data from ERP, CRM, and HRIS systems into a forecast is a weekly grind. Abacum, a New York-based startup, writes a $60 million check against that friction.
That capital is a Series B, led by Scale Venture Partners and announced in June 2025 [LeadIQ, June 2025]. It brings Abacum’s total disclosed funding to roughly $67 million, with earlier backing from Creandum, Cathay Innovation, and Atomico [Crunchbase]. The company’s bet is straightforward: replace the fragmented, Excel-driven financial planning and analysis (FP&A) workflow with a single, AI-native platform.
The Wedge: From Spreadsheet Consolidation to Collaborative Forecasting
Abacum pitches itself as an “AI-native FP&A platform” designed to automate data consolidation, build driver-based forecasts, and enable scenario planning [Perplexity Sonar Pro Brief]. The product connects to over 700 source systems, ingesting data to create a unified workspace [Abacum].
A key differentiator is the focus on collaboration. The platform includes workflows for budget owners across the business, aiming to turn the annual budgeting cycle into a continuous, integrated process. “It’s built for the modern finance team that needs to be a strategic partner, not just a reporter of history,” says Julio Martínez, Abacum’s co-founder and CEO.
A Founder Team Built for the Scale-Up Journey
| Founder | Role | Background |
|---|---|---|
| Julio Martínez | Co-founder & CEO | Former Partner at All Iron Ventures; co-founded InnoCells. |
| Jordi Romero | Co-founder & CTO/CPTO | Software engineering and product leadership; co-founder and CEO of Factorial. |
| Jorge Lluch | Co-founder & COO | Operational leadership focused on scaling the business. |
Martínez’s investor background provides a clear lens on what scaling companies need. Romero’s dual role leading Factorial, an HR platform that has raised over $200 million, offers direct experience in building vertical SaaS [TechCrunch, 2022].
Traction and the Competitive Field
Abacum operates in a competitive space, flanked by established players and well-funded startups. Third-party estimates place revenue around $13.6 million [ZoomInfo]. The company employs around 100 people, with offices in New York, London, and Barcelona [ZoomInfo, 2026].
Its primary competition comes from other FP&A-focused platforms targeting the mid-market, such as Jirav and Datarails. Abacum’s wedge is its explicit AI-native positioning and collaborative workflow focus. The company has hired Mayur Sharma as Head of Sales, signaling a push to build a scalable go-to-market engine [LinkedIn, 2026].
Where the Execution Risks Lie
Abacum’s success hinges on convincing finance leaders to change a core process. The risks are less about technology and more about motion:
- The renewal motion. The platform must demonstrate rapid time-to-value to justify displacing entrenched spreadsheet processes.
- Feature parity vs. focus. Staying focused on collaborative workflows while adding necessary depth is a classic scaling challenge.
- Founder bandwidth. Co-founder Jordi Romero is also the CEO of Factorial, a unicorn-status company. The operational demands of leading two high-growth ventures are non-trivial.
The Next Twelve Months
The immediate roadmap will be funded by the Series B. Expect aggressive investment in R&D to widen the AI functionality gap and in sales to capture market share. A key milestone to watch will be the landing of a flagship enterprise customer, a logo that signals the platform can handle the complexity of a multi-national, high-growth business.