Dost Raises £6M Series A to Expand AI-Powered Financial Automation Platform Across Europe
Dost, a Barcelona‑based artificial intelligence financial automation startup, has secured a £6 million Series A funding round as it expands beyond its Spanish roots into the United Kingdom and strengthens its position in Europe’s growing AI SaaS market. The financing event, announced in November 2025, marks a key milestone in the company’s evolution from a European mid‑market accounts payable automation provider into a cross‑border AI‑powered enterprise platform.
Founded in 2021 by Adam Barbera, Fernando Martín, Naqqash Abassi, and Àlex Caudet, Dost builds an AI‑native platform that automates financial document processing and supplier management for mid‑market firms. The company’s technology uses proprietary generative AI models to handle the entire accounts payable cycle — from document capture and intelligent data extraction to ERP integration — replacing manual, error‑prone processes that have historically weighed down finance teams. With more than 150 enterprise customers already onboard and over 4 million accounting transactions processed to date, Dost has established early traction in sectors including manufacturing, construction, logistics, automotive, food and beverage, and chemicals.
The £6 million Series A round was led by Octopus Ventures, one of Europe’s most active venture capital firms focused on technology‑driven businesses. Joining the lead investor was TQ Ventures, a VC firm investing in early‑stage tech companies globally, as well as continued support from existing backers including Draper B1, Born Capital and Eoniq.fund. This infusion of capital brings Dost’s total raised to roughly €8.9 million (approximately £7.8 million) since inception and provides a firm foundation for its dual growth strategy across Spain and the UK.
Dost plans to use the newly raised capital to expand its product offerings, enhance its proprietary AI capabilities, and build out its commercial presence in the UK. The company has already established a London office with a dedicated team focusing on sales, marketing, and customer success, formalizing its expansion after successful pilot phases with early enterprise customers across several UK industrial sectors. CEO Adam Barbera has relocated to London to lead this strategic push, which the company believes will unlock growth in one of Europe’s largest mid‑market enterprise segments.
The London launch follows three years of development in the Spanish market, where Dost has refined its platform to tackle complex, high‑volume invoice and supplier documentation challenges. Unlike competitors that rely on third‑party optical character recognition (OCR) tools, Dost’s solution is built on proprietary AI models trained specifically for messy and multi‑page financial documents, giving it an edge in accuracy and reliability. This AI focus has reportedly delivered measurable outcomes for clients, including reducing administrative costs by up to 80 %, achieving more than 95 % data accuracy, and boosting finance team productivity by as much as 2.5×.
Investors backing Dost highlighted the strategic value of its AI‑enabled automation in addressing entrenched inefficiencies in finance workflows. Uthish Ranjan, Partner at Octopus Ventures, pointed to the company’s differentiated technology and real‑world impact on mid‑market organisations, observing that feedback from European customers underscored strong appreciation for Dost’s ability to process complex financial information at scale.
The Series A raise comes at a time of heightened interest in AI solutions that target operational and back‑office automation, particularly in finance and procurement functions where manual processes remain costly and error‑prone. Dost’s platform seeks to bridge this gap by providing an AI‑first alternative that integrates deeply with existing enterprise systems such as SAP, Microsoft, Netsuite, and Sage, while delivering finance teams real‑time insights and workflow acceleration.
With its expanded financial backing and growing international footprint, Dost is poised to build on its momentum by deepening its technology leadership and scaling its reach in the UK and wider European markets. The company’s founders have signaled ambitions to continue innovating in the financial automation space, leveraging AI to transform how mid‑market enterprises manage their accounts payable and supplier operations in an increasingly complex business environment.
