With €4 million in funding, Kabilio scales AI tools helping Spanish accounting firms lift productivity by up to 50%

Barcelona-based Kabilio, a company specializing in AI-driven automation for accounting and tax processes, has secured €4 million in pre-Seed funding. This investment round, led by Visionaries Club and Picus Capital, underscores the growing interest in AI solutions designed to enhance productivity within the European accounting sector. The funding marks a significant milestone, representing one of Spain’s largest pre-Seed rounds in the AI-powered accounting space. Kabilio's platform uses generative AI to modernize accounting processes for firms and their clients. The company's technology offers intelligent invoice processing, automated bank reconciliation, and insightful financial reporting. These tools aim to alleviate the workload on accounting professionals by automating repetitive tasks, potentially increasing productivity by up to 50% for the nearly 100 accounting firms currently using the platform. The investment in Kabilio reflects a broader trend of European venture capital supporting AI-driven financial software. The automation tools are targeted at improving efficiency, and allow accountants to provide clients with a higher value service. This shift addresses the challenges faced by accounting firms in attracting and retaining talent, by reducing the burden of manual and repetitive tasks. The success of Kabilio, and others like Bluebook, Stacks, and Plino, signals a move towards AI-powered solutions in finance. With this funding, Kabilio is well-positioned to become a leading platform for modern accounting across Europe. It highlights the potential for AI to transform how accounting firms operate and the crucial role Spain is beginning to play in this innovation.