Abacum raised $25 million in a Series A round led by Atomico.

Abacum, a Barcelona, Spain-based SaaS startup that makes it easy for finance teams to use real-time data, generate reports and collaborate, announced completing a series A funding round, closed at $25 million.

The money was raised from investors led by Atomico, joined by Creandum, FJ Labs, S16VC, and angel investors including Adyen CFO Ingo Uytdehaage, Infarm CFO Carmine Visconti, JobandTalent co-founders Felipe Navío and Juan Urdiales, and Blockfi founder Zac Prince.

Abacum, founded in 2020 by CEO Julio Martinez and Jorge Lluch, develops software helping other companies with financial planning based on real-time data. It targets mid-sized organisations and integrates with internal tools that do separate functions such as HR, CRM and ERP and automatically synchs in order to provide real time updates with finance-based KPI outputs. The tool is sold as a SAAS, was made public in 2020 and is now in use by paying customers including Typeform, Cabify, Ebury, Garten, Jeff and Talkable.

Abacum previously raised $7 million in seed capital at the start of 2021 and is part of the 41 startups from Europe incubated by Y Combinator in the winter of 2021. Other startups from the batch that raised money this year includes Anima from the UK (), Humaans from the UK also (HR SAAS developer) and Vue Storefront from Poland (headless e-commerce software),