AI enterprise resource planning startup Nominal raises $20M for mid-market automation

Enterprise resource planning startup Nomimal Ltd. announced today that it has raised $20 million in new funding to fuel its mission to automate complex finance tasks for midmarket and enterprise companies using AI agents.

Founded in 2023, Nominal offers an AI-powered automation platform that has been built for modern finance and accounting teams who are looking to escape the inefficiencies of spreadsheets and legacy ERP systems.

The company’s offering seeks to deal with the issue of most companies still relying on outdated ERP systems that weren’t designed for today’s speed or complexity. It argues that their implementations take months, drain budgets, delay visibility and leave teams with stale, fragmented data.

Nominal takes on the challenge by introducing AI-native automation that works alongside existing ERP infrastructure rather than replacing it. The platform works by layering intelligence on top of core finance functions, such as intercompany reconciliation, journal entry management and multi-entity consolidation, using AI agents that adapt to each organization’s workflows.

The AI agents are designed to handle core accounting functions such as intercompany reconciliation, general ledger transaction matching and close management. The agents automate high-volume, detail-oriented processes that are traditionally done manually or using rigid rules.

The platform is complemented by a generative workflow engine that allows finance teams to define and execute accounting tasks using natural language instructions. Teams can build no-code agents to handle everything from journal entry automation to approvals and anomaly detection.

Nominal also supports multi-entity consolidation and reporting that provides businesses with real-time insights across subsidiaries without relying on a centralized ERP. The platform automates eliminations, currency conversions and roll-up reporting across entities, allowing teams to generate financial reports instantly.

“Unlike traditional systems of record, Nominal is a system of intelligence,” said co-founder and Chief Executive Guy Leibovitz. “It doesn’t just manage work, it performs it. With over 300,000 certified public accountants missing from the U.S. workforce, agentic AI automation isn’t optional anymore, it’s a must. Finance superintelligence means fewer errors, better insights, stronger compliance and smarter decision-making.”

The Series A round was led by Next47 GmbH, with Workday Ventures, Bling Capital Management and Hyperwise Ventures also participating.

Image: Nominal

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