Dost, an AI-powered monetary automation platform based in Barcelona, has launched within the UK following a £6m Collection A spherical led by London-based Octopus Ventures.
The fintech, which automates monetary doc processing and provider administration for mid-market enterprises, has efficiently accomplished a pilot section working with UK enterprise clients throughout manufacturing, building, logistics, and automotive.
The agency is now formalising its UK presence with UK primarily based workforce that may embrace Dost co-founder and chief government Adam Barbera.
“We spent the final three years fixing these issues for European corporations – refining our AI on hundreds of thousands of real-world transactions,” Barbera mentioned.
“UK companies face equivalent challenges, however the market is considerably bigger and extra receptive to confirmed innovation. The endorsement from Octopus Ventures validates that our expertise interprets throughout borders – and that we’re able to scale right here.”
The funding spherical included participation from TQ Ventures, Draper B1, Born Capital and Eoniq.fund.
“Dost is an AI-native platform tackling certainly one of finance’s most entrenched inefficiencies – bill processing,” mentioned Octopus Ventures associate Uthish Ranjan.
“Its product thrives within the messy, unstructured actuality of mid-market and enterprise operations. The shopper suggestions we heard speaks for itself: they’re persistently impressed by Dost’s capacity to course of advanced information at scale with exceptional accuracy.
“We’re proud to help them as they construct on sturdy momentum and double down within the UK.”
