After processing 4 million transactions with 95% accuracy, Spain’s Dost raises €6.7 million to expand into the UK

Dost, a Barcelona-based AI-powered monetary automation system, today introduces its main UK market launch complying with a EUR6.7 million (₤ 6 million) Collection A financing round to sustain their double development technique: combining its management setting in Spain and increasing its UK market access with the brand-new London group.

The round was led by Octopus Ventures, with engagement from brand-new financier TQ Ventures, along with ongoing assistance from existing backers such as Draper B1, Born Resources and Eoniq.fund. This brings Dost’s complete financing to EUR8.9 million (roughly ₤ 7.8 million)

“ We invested the last 3 years fixing these issues for European firms– refining our AI on countless real-world deals,” remarks Adam Barbera, chief executive officer and founder of Dost. “ UK companies encounter similar obstacles, yet the marketplace is dramatically bigger and a lot more responsive to tried and tested development. The recommendation from Octopus Ventures verifies that our modern technology equates throughout boundaries– which we prepare to range below“

In 2025, numerous European start-ups operating in financing automation and surrounding operational-finance process safeguarded brand-new financing rounds.

Spain’s Kabilio elevated EUR4 million to more establish its AI devices for audit companies, while Mimo, running in between London and Stockholm, safeguarded EUR7.7 million to progress its B2B settlements and automated invoice-capture system for SMBs and accounting professionals. France’s Pennylane included EUR75 million to enhance its digital invoicing and incorporated audit collection, and Grasp, based in Stockholm with a London existence, elevated roughly EUR6 million to broaden its efficiency devices for monetary experts and specialists.

Entirely, these 2025 rounds make up approximately EUR92.7 million in sector-adjacent financial investment.

Dost’s brand-new Collection A for that reason gets in a European market experiencing continual financial investment throughout audit automation, billing handling, and wider financial-operations tooling.

The existence of Kabilio, likewise based in Spain, reveals that Dost’s home market is drawing in boosted interest in this specific niche. Systems such as Pennylane, Mimo and Understanding show ongoing financier rate of interest in boosting monetary information capture, settlement, and operations performance.

Within this context, Dost’s concentrate on mid-market ventures and high-volume, multi-page monetary files places its growth right into the UK as component of a broader 2025 fad in which European capitalists remain to back devices that enhance functional financing at range.

Barbera includes: “ Our ideology is to develop modern technology that ends up being essential by coming to be undetectable. When your AP procedure simply functions– no chasing billings, no settlement frustrations, no repayment mistakes– that’s when financing groups can end up being real calculated companions to business“

Co-Founded in 2021 by Adam Barbera (CHIEF EXECUTIVE OFFICER), Fernando Martín (COO), Naqqash Abassi (CTO) and Àlex Caudet (CSO & Taking Care Of Directo), Dost is an AI-powered SaaS system that automates monetary paper handling and distributor monitoring for mid-market ventures.

The system makes use of exclusive generative AI versions to take care of the whole accounts payable cycle, from paper capture via to ERP assimilation, offering companies in production, building and construction, logistics, vehicle, food and drink, and chemical markets.

The firm runs from workplaces in London and Barcelona, with a group of over 45I specialists, consisting of greater than 30 committed to AI and modern technology growth.

Around the world, Dost offers over 150 business consumers and has actually refined greater than 4 million audit deals to day, supposedly providing quantifiable influence: an 80% decrease in management prices, over 95% precision prices that practically remove human mistake, and a 2.5 x boost in financing group efficiency.

Unlike rivals depending on third-party optical character recognition (Optical Personality Acknowledgment) devices, Dost has actually constructed exclusive AI versions educated particularly for complicated, high-volume monetary paper handling.

Its system automates the whole procure-to-pay and order-to-cash lifecycle, with a concentrate on what the beginning group calls the “genuine economic climate”– recognized markets with detailed supply chains and multi-page billings that common automation devices battle to take care of.

The system’s core abilities consist of:

• Smart paper capture: Automatic digitisation of billings, distribution notes, and order from any kind of resource, getting rid of hand-operated information access
• Advanced three-way matching: AI-powered line-item settlement of order, billings, and distribution evidence, immediately flagging inconsistencies to avoid scams and overpayment
• Customisable authorization process: Automated transmitting based upon company-specific procedures, getting rid of traffic jams
• Smooth ERP assimilation: Deep assimilation with existing business systems, consisting of SAP, Netsuite, Microsoft and Sage
• Vendor website: Self-service user interface for suppliers to track billing condition and settlements, lowering financing group questions
• Real-time analytics: Live exposure right into investing patterns and distributor efficiency for CFOs

Uthish Ranjan, Companion at Octopus Ventures, states: “ Dost is an AI-native system taking on among financing’s most established ineffectiveness– billing handling. Its item flourishes in the untidy, disorganized fact of mid-market and business procedures. The consumer responses we listened to represents itself: they’re continually thrilled by Dost’s capacity to procedure complicated information at range with impressive precision.”

This financial investment notes a considerable UK technology bank on AI development, with Dost bringing fight- examined modern technology– currently released throughout 150+ European ventures throughout food, retail, production, to name a few– to deal with a difficulty plaguing British mid-market companies: financing groups bogged down in hand-operated billing handling, information access mistakes, and authorization traffic jams.

Complying with an effective pilot stage with very early UK business consumers throughout production, building and construction, logistics, and vehicle markets, Dost is currently formalising its UK existence with a specialized seven-person regional group available, advertising and marketing, and consumer success.

The firm’s chief executive officer and founder, Adam Barbera, has actually moved to London to lead the growth.

” We’re thrilled to back Adam and the group– creators with deep functional financing experience and the technological capacity to attentively use AI to genuine issues in their upright. We’re honored to sustain them as they improve solid energy and increase down in the UK,” includes Ranjan

The message After processing 4 million transactions with 95% accuracy, Spain’s Dost raises €6.7 million to expand into the UK showed up initially on EU-Startups.