Enterprise resource planning startup Nominal Ltd. raises $20 million in new funding to automate complex finance tasks for midmarket and enterprise companies using AI agents.
Nominal offers an AI-powered automation platform designed for modern finance teams seeking to escape inefficiencies of spreadsheets and outdated ERP systems.
The platform introduces AI-native automation that complements existing ERP infrastructure, automating core finance functions like intercompany reconciliation and journal entry management.
The Series A funding round of $20 million was led by Next47 GmbH, with Workday Ventures, Bling Capital Management, and Hyperwise Ventures participating.