Abacum Strengths, Domain Expertise, and Key Differentiators
Abacum is a collaborative FP&A solution for tech finance teams that automates data transformation and performance analysis,
Abacum Recent Developments
Founded in April 2020, YC alum Abacum wants to “simplify” FP&A for scale-up companies such as Typeform, with pre-built connectors for most of the major systems that finance teams work with, such as Netsuite, Gusto, Salesforce, Looker, and Google Sheets. Rather than replacing these various software systems, Abacum serves as a data integrator that sits on top, accessed via a standalone web-based interface.
Abacum Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Abacum applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Abacum and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Abacum customers.
Ownership: - x
Number of Employees: 120
Functional Markets: EPM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K168, State and Local Government, Public Safety, Healthcare, Life Insurance, Leisure and Recreation, Life Sciences, Manufacturing, Media, Youth and Elderly Care, Professional Services, Retail, Transportation, Utilities,
Abacum Key Enterprise and Cloud Applications
Abacum Revenues, $M:
|Type/Year||2020||2021||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Abacum Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Abacum Enterprise Applications Revenues By Functional Markets, $M:
Abacum Enterprise Applications Revenues By Verticals, $M:
Abacum Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
Abacum Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Abacum Customers - Breakdown by Geo, Size, Vertical and Product
No. of Abacum Customers: 50
No. of Abacum Enterprise Applications Customers: x
No. of Abacum Cloud Customers: x
No. of Abacum Cloud Subscribers: x
Abacum the 2019-founded startup now has over 50 customers spread across five continents.
Abacum Market Opportunities, M&A and Geo Expansions
In November 2021, Abacum, fast-followed the $7 million seed it raised in April with a $25 million Series A round. The latest funding brings its total raised to date to $32 million. Series A is led by European VC Atomico, with participation from Creandum, FJ Labs, S16VC and other existing investors. It added that a number of “notable” founders and executives also joined this round as angels, including Adyen CFO Ingo Uytdehaage; Infarm CFO Carmine Visconti; JobandTalent co-founders Felipe Navío and Juan Urdiales; and BlockFi founder Zac Prince.
Abacum Risks and Challenges
International sales expansion could be a challenge.
Abacum Ecosystem, Partners, Resellers and SI
While Abacum’s business is based in New York, its co-founders are Spanish and it has an office in Barcelona, and it has been leveraging links to the local ecosystem to drive uptake. The majority of Abacum’s customer base is split between North America and Europe. Regarding industries, they're focused on fast-scaling tech companies.
Abacum Cloud Infrastructure Insights
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- Abacum Public Cloud and Infrastructure (IaaS)
- Abacum Platform (PaaS)
- Abacum Application Delivery
- Abacum Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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