According to EU-Startups, Barcelona-based Kabilio has closed a €4 million pre-Seed round 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 that are reporting productivity increases up to 50%. The platform uses generative AI to automate accounting and tax processes, addressing what co-CEO Ojeda calls “the challenge of attracting and retaining talent” in an industry dominated by repetitive work. Kabilio is currently piloting its AI agent called Kabi, which will let users query the platform using natural language, with a full launch planned for Accountex Spain 2025.
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The European AI accounting wave is real
Here’s the thing – Kabilio isn’t operating in a vacuum. They’re part of a broader European movement where investors are pouring money into AI solutions for financial workflows. Look at Sweden’s Bluebook raising €2.4 million, Netherlands’ Stacks securing €9.5 million, Italy’s Plino getting €650k – everyone’s chasing this same opportunity. But Kabilio’s €4 million pre-Seed stands out as particularly substantial, especially for Spain. It signals that investors see real potential in fixing accounting’s inefficiency problem rather than just chasing AI hype.
Why accounting firms are desperate for help
Basically, accounting work sucks right now. There are about 65,000 accounting firms in Spain alone serving millions of SMEs and freelancers, and the current workflow is brutally inefficient. Clients manually collect and send information, often late or incomplete because they’re busy running their businesses. Then during quarterly peaks, advisors get crushed with manual data entry and checks. No wonder they can’t attract or retain talent – who wants to do that kind of repetitive work? Kabilio’s promise of up to 50% productivity gains isn’t just nice-to-have, it’s survival for these firms.
This isn’t about replacing accountants
Robert Jäckle from Visionaries Club made this point clearly: “Kabilio brings AI to the heart of advisory firms not to replace accountants, but to make their work smarter and more valuable.” That’s crucial because there’s legitimate fear in the industry about AI taking jobs. But the reality is these tools handle the tedious stuff – data entry, document processing, compliance checks – freeing up humans for actual advisory work. Florian Reichert from Picus Capital says the platform lets advisors “collaborate more efficiently with their clients” and “generate strategic value.” Translation: accountants can finally do the interesting parts of their job.
Spain’s emerging AI moment
While we’ve seen plenty of AI funding in Northern Europe, Kabilio’s success highlights Spain’s growing presence in this space. A €4 million pre-Seed round for an AI accounting platform in Barcelona? That’s significant. It suggests the Spanish tech ecosystem is maturing and investors are willing to bet big on local solutions for European problems. The fact that they’ve already signed nearly 100 firms in their first year shows there’s real demand. Could Kabilio become “the leading platform for modern accounting in Europe” as their investors believe? Maybe. But they’ve certainly positioned themselves at the forefront of Spain’s AI revolution.
