On March 28, 2024, Israeli startup Nominal (headquartered in New York, USA) announced it has raised $9.2 million in seed funding, led by Bling Capital and Hyperwise Ventures, with participation from Vela Partners, Incubate Fund, and several angel investors.
The company plans to use the raised funds to accelerate its product offerings, expand market coverage, and increase sales and support resources in the United States.
Founded in 2023, Nominal uses generative AI and cloud technology to bridge the gap between traditional ERP (Enterprise Resource Planning) systems and the standard spreadsheets used for accounting and financial management by mid-market enterprises. The platform modernizes and automates accounting and financial management, offering powerful reporting, multi-entity consolidation, workflow automation, period-end close collaboration, and more.
(Source:CTech）