According to EU-Startups, Barcelona-based Kabilio just closed a €4 million pre-Seed round led by Visionaries Club and Picus Capital, with €200k from ENISA making it one of Spain’s largest early-stage AI deals. Founded in 2024 by Jose Ojeda and Álex Valls, the startup uses generative AI to automate accounting and tax processes for firms struggling with repetitive work. Their platform already serves nearly 100 accounting firms who are seeing productivity jumps up to 50%. The funding comes as Kabilio prepares to launch its AI agent “Kabi” at Accountex Spain 2025, allowing natural language queries. This positions them alongside other European AI accounting startups like Sweden’s Bluebook and Netherlands’ Stacks in a growing movement to modernize financial workflows.
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Why this matters now
Here’s the thing – accounting has been ripe for AI disruption for years, but adoption has been slow. Firms are drowning in manual data entry, especially during those brutal quarterly peaks. And let’s be honest, nobody went into accounting because they love copying numbers from one spreadsheet to another. Kabilio’s timing is perfect because we’re finally past the “AI is magic” phase and into the “AI actually solves real problems” era. The fact that they’ve convinced nearly 100 firms to use their platform in less than a year tells you there’s genuine pain here that needs fixing.
Spain’s emerging AI scene
What’s really interesting here is the Spanish angle. We constantly hear about AI innovation coming from Silicon Valley or maybe London and Berlin. But Barcelona? Not typically top of mind for financial tech. This €4 million round – especially at pre-Seed – signals that Spain’s startup ecosystem is maturing fast. Investors are willing to bet serious money on Spanish founders solving European problems. And with 65,000 accounting firms serving millions of SMEs in Spain alone, there’s a massive home market to conquer before even thinking about expansion.
The human element
I love how Kabilio’s investors emphasize this isn’t about replacing accountants. Robert Jäckle from Visionaries Club specifically said they’re “not creating hype” but solving real operational problems. That’s crucial because the accounting profession has every reason to be skeptical of AI tools that promise the world. But when you can actually free up professionals from mind-numbing paperwork and let them focus on strategic advice? That’s a win-win. The 50% productivity gains they’re seeing suggest this isn’t just incremental improvement – we’re talking about fundamentally changing how these firms operate.
Where this is headed
Looking at the broader European landscape, Kabilio is part of a wave that includes Bluebook‘s €2.4 million round and Stacks‘ €9.5 million funding. Basically, investors are betting that AI will do to accounting what cloud computing did to IT infrastructure – transform it completely. The pilot of their AI agent “Kabi” is particularly telling. Natural language queries are just the start. Soon we’ll see these systems handling complex multi-step processes that currently require human judgment. The question isn’t whether AI will reshape accounting – it’s how quickly firms that don’t adapt will get left behind.
