Nominal, an AI-based enterprise resource planning (ERP) startup, announced it has raised $20 million in Series A funding, led by Next47, with participation from Workday Ventures, Bling Capital, and Hyperwise Ventures. This brings their total funding to $30 million, aimed at automating complex finance tasks for mid-market and enterprise companies using AI agents.
Addressing the challenges of outdated ERP systems, Nominal’s platform streamlines manual accounting tasks into automated workflows. Its “shadow general ledger” works alongside existing ERPs, automating functions like transaction matching, reconciliations, and multi-entity consolidation without lengthy migrations.
Founded by AI entrepreneurs Guy Leibovitz (CEO) and Golan Kopichinsky (CTO), Nominal is already deployed with dozens of enterprise and mid-market customers, including Jiffy Lube, accelerating month-end close and reducing errors, allowing finance professionals to focus on strategic decision-making.
KEY QUOTES:
“The last major shift in the ERP market happened with the move to the cloud 25 years ago. Since then, financial operations have become central to every company, especially at the mid-market and enterprise level. Now, the AI era is transforming how we operate across the board. Unlike traditional systems of record, Nominal is a system of intelligence. It doesn’t just manage work, it performs it. With over 300,000 certified public accountants (CPAs) 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.”
Guy Leibovitz, CEO and Co-founder of Nominal
“ERP platforms have long been a pillar for mid-sized to enterprise companies, but they’ve failed to adapt to the AI era and the rise of autonomous agents. Nominal’s AI-native approach brings modern capabilities to finance teams without forcing trade-offs, offering a seamless integration platform that serves companies across a wide range of industries.”
Matthew Cowan, General Partner at Next47
