Abacum Secures €52.5 Million Series B to Revolutionize Business Planning with Agentic AI

In a significant move for the FinTech sector, Barcelona-based Abacum, a pioneering business planning software company, has successfully closed a €52.5 million Series B funding round. This substantial investment is earmarked to accelerate the development of its cutting-edge Agentic AI, enhance its robust modeling engine, and expand its collaborative workflows, further solidifying its position as a leader in the "Office of the CFO" technology space. The round saw Scale Venture Partners and Cathay Innovation co-leading the investment, underscoring strong confidence in Abacum's vision and technological prowess. Existing investors, including Y Combinator, Creandum, Kfund, and Atomico, also doubled down on their commitment, signaling continued belief in the company's trajectory and market potential. This collective backing highlights the growing demand for sophisticated, AI-powered financial planning solutions. Founded in 2020 by Julio Martínez and Jorge Lluch, Abacum addresses a critical pain point for modern finance teams: the inefficiency stemming from manual tasks, fragmented data, and siloed operations. Their end-to-end platform integrates financial and operational data in real-time, empowering finance professionals to shift from reactive data wrangling to strategic planning. The company's rapid growth, including tripling revenue and expanding its customer base across 31 countries while maintaining team size, validates its innovative approach. Abacum plans to strategically deploy the new capital to fuel its aggressive US expansion, a market that already accounts for over 50% of its revenue. The funding will also unlock the next phase of product innovation, focusing on deepening the value delivered to existing customers and scaling its ability to support more businesses globally. This investment positions Abacum to redefine how CFOs operate through data, automation, and intelligence, transforming finance functions into strategic growth engines.