Empowering Spanish Accounting Firms: Kabilio’s AI Tools Boost Productivity with €4 Million in Funding

Barcelona-based AI Accounting Startup Kabilio Secures €4 Million Pre-Seed Funding

Recently, EU-Startups reported that Kabilio, a company based in Barcelona specializing in the application of artificial intelligence (AI) to automate accounting and tax processes, has successfully closed a pre-Seed funding round amounting to €4 million.

The funding round was led by Visionaries Club and Picus Capital, both international venture capital funds. Additionally, Kabilio received €200k in public funding from ENISA, making it one of the largest pre-Seed rounds in Spain.

Jose Ojeda, the co-CEO and founder of Kabilio, expressed the company’s mission to alleviate the workload of accounting firms by implementing AI technology. The funding round will enable Kabilio to help these firms focus on providing more value to their clients.

The investment in Kabilio is part of a larger trend in Europe towards investing in AI-driven financial software. Other companies in the sector, such as Bluebook in Sweden, Stacks in the Netherlands, and Plino in Italy, have also received substantial funding to enhance financial processes using AI.

Robert Jäckle, Partner at Visionaries Club, emphasized Kabilio’s potential to become a leading platform for modern accounting in Europe by leveraging AI to make accounting practices more efficient and valuable.

Kabilio, founded in 2024 by Jose Ojeda and Álex Valls, aims to transform the advisory sector by using generative AI to modernize the collaboration between accounting firms and their clients. The platform has already gained the trust of nearly 100 accounting firms, with productivity increases of up to 50% reported.

Florian Reichert, Managing Director at Picus Capital, highlighted how Kabilio’s platform enables advisors to work more efficiently by automating tasks and generating strategic value through AI.

In Spain, there are approximately 65,000 accounting and tax advisory firms serving SMEs and freelancers. Kabilio’s platform addresses the inefficiencies in the current workflow by automating tasks and streamlining processes.

Kabilio’s Integrated Products

• Intelligent invoice processing
• Advanced bank reconciliation
• Verifactu-Compliant invoicing

Kabilio is also piloting an AI agent named Kabi, which allows users to interact with the platform using natural language queries. The company aims to build infrastructure that will facilitate the adoption of AI in the advisory sector.

Overall, Kabilio’s success in securing significant funding signals investor confidence in AI solutions for accounting inefficiencies. The company’s innovative approach and commitment to leveraging AI technology position it as a key player in the evolving landscape of financial software.