The Challenge

INBRAIN Neuroelectronics, a Barcelona-based medical device startup, is on a mission to deliver life-changing therapies. Like many companies in life sciences and healthcare innovation, INBRAIN is still in the development phase and pre-revenue, making cash control and runway management mission-critical.

With a team of engineers focused on R&D, financial processes were scattered across spreadsheets with little traceability, creating noise and confusion. Sharing financial data in inconsistent formats frustrated teams and risked misalignment, while the CFO’s team spent countless hours managing cash projections manually — a significant strain at a time when focus needed to be on growth and fundraising.

“In a company overloaded with engineers, finance is not easy to digest. Getting everyone to agree on a single platform for financial data was tough — but essential.”

The Solution

After evaluating other FP&A tools, INBRAIN chose Abacum because of its deep understanding of their business, tailored support, and collaborative approach.

Abacum provided:

• A granular, multi-layer budget structure aligned with INBRAIN’s engineering-driven mindset, enabling traceability across cost centers and projects.

• Dedicated spaces for internal stakeholders, the board, and even investor simulations, ensuring each audience got exactly what they needed.

• Runway visibility dashboards and cash flow projections, helping the finance team confidently steer the company through its pre-commercial phase.

• A single source of truth for financial data, replacing scattered spreadsheets with a collaborative platform embraced even by non-finance team members.

Importantly, the Abacum team’s hands-on partnership during setup and implementation was a key factor in success, especially given the resource constraints typical of a company in the middle of raising a Series B.

“The setup took time, but the Abacum team was there all the way. Their mindset and support made the difference.”

The Impact

With Abacum, INBRAIN transformed its financial processes into a strategic driver of growth:

• Secured a Series B funding round, leveraging clear, investor-ready financials built and visualized in Abacum.

• Freed up time and reduced operational noise by replacing manual Excel processes with an integrated platform.

• Enabled better, faster decisions by aligning engineering, finance, and board members on trusted data.

• Improved morale and engagement by making finance “digestible” for an engineering-heavy team — and strengthening confidence among investors and stakeholders.

“The potential of the tool is amazing. It’s already delivering value, and I believe it will keep growing. For startups like ours — biotech, medical, technological — it’s the right path.”