According to EU-Startups, Barcelona-based Kabilio has secured €4 million in pre-Seed funding to expand its AI tools for accounting firms. The round was led by Visionaries Club and Picus Capital, with an additional €200k from ENISA, making it one of Spain’s largest early-stage AI financings. Founded just last year by Jose Ojeda and Álex Valls, the startup already serves nearly 100 accounting firms who are seeing productivity jumps up to 50%. Kabilio uses generative AI to automate repetitive accounting and tax processes, and they’re currently piloting an AI agent called Kabi that responds to natural language queries.
Solving accounting’s worst problem
Here’s the thing about accounting work – it’s brutally seasonal and loaded with mind-numbing repetitive tasks. Think about those quarterly peaks where firms are drowning in manual data entry and chasing clients for incomplete paperwork. Kabilio’s founders spotted this exact pain point after seeing how hard it was for accounting firms to attract and retain talent. Who wants to spend their career doing data entry when they trained to be strategic advisors?
So they built a platform that basically acts as an AI co-pilot for accounting teams. It automates the tedious stuff like document processing, compliance checks, and data reconciliation. This lets actual human accountants focus on what they’re good at – providing strategic advice to clients. The 50% productivity boost they’re seeing isn’t about making people work faster, it’s about eliminating the work nobody wants to do anyway.
Spain’s AI accounting breakout
What’s really interesting here is that Kabilio represents Spain stepping up in the European AI finance software race. We’ve seen similar plays like Sweden’s Bluebook and Netherlands’ Stacks raising decent rounds, but a €4 million pre-Seed in Spain? That’s significant. It shows investors are betting big that Southern Europe can produce competitive AI solutions too.
And the market timing seems perfect. With 65,000 accounting firms serving millions of Spanish SMEs and freelancers, there’s massive inefficiency to tackle. Clients manually collecting and sending information, everything happening last minute during peak periods – it’s a mess that’s ripe for automation. Kabilio isn’t trying to replace accountants; they’re giving them superpowers to handle the administrative grind.
Not just hype, real results
Robert Jäckle from Visionaries Club made a telling comment about Kabilio “not creating hype” but solving real operational problems. That’s the key differentiator here. We’re seeing so much AI vaporware that promises the world but delivers little. Kabilio already has nearly 100 firms actually using their platform and getting concrete results.
Their three core products cover document processing, compliance automation, and client collaboration tools. But the really smart move is their AI agent Kabi, which they’re launching at Accountex Spain 2025. Starting with natural language queries but eventually handling broader actions? That’s how you build something that becomes indispensable rather than just another software tool.
The founders’ backgrounds at McKinsey, Rocket Internet, and 011h give them the right mix of strategic thinking and execution experience. They understand both the business problems and how to build scalable tech solutions. Now with €4 million behind them, they’ve got the fuel to expand beyond Spain and take on the broader European market. The race to automate accounting is heating up, and Kabilio just got a serious boost.
