The operation has been led by the prestigious British fund Octopus VenturesWith the participation of new Spanish investor TQ Ventures, and the reaffirmed support of previous partners such as Draper B1, Born Capital, and Eoniq.fund, this capital injection will be key to consolidating its leadership in Spain and accelerating its ambitious entry into the British market.
The funding milestone comes at a time of solid growth for Dost, who has achieved triple your revenue Year after year since its founding in 2021 by Adam Barbera, Fernando Martín, and Naqqash Abassi, with the recent addition of Àlex Caudet. Currently, the fintech It positions itself as the technology partner of more than 150 large companies in Spain, covering essential sectors such as manufacturing, construction, food, and logistics. The platform has already managed over 4 million accounting transactions, raising the company's total financing to 8,8 millones de euros after the preliminary phases.
El CEO and co-founder, Adam Barbera[Name of company] highlighted the significance of this funding round: “This round confirms that our approach, focused on automating the manual and repetitive financial processes of the real economy with our own AI model, is the right path. It will allow us to consolidate our technology and team in Spain, where we are already a benchmark, and at the same time, execute our ambitious expansion plan in the United Kingdom, a strategic market where we are already experiencing very positive traction.”
The operation comes after a period of growth that has tripled turnover year after year and with a client portfolio of more than 150 large companies.
Dual Growth Strategy and Focus on the United Kingdom
The investment will be allocated to a dual growth strategyOn the one hand, it seeks to consolidate its dominant position in SpainOn the other hand, it will promote the international expantion with an immediate focus on the United Kingdom. For this key market, Dost plans to establish a local team of up to seven professionals in sales areas, marketing and customer service, which will be added to the 45 employees that the company already has.
From Octopus VenturesUthish Ranjan, a partner at the fund, expressed his confidence in the business model: “Dost is a platform with its own Artificial Intelligence model that addresses one of the most deeply rooted inefficiencies in finance: invoice processing. Its technology effectively resolves the complexity and unstructured nature of operations for both mid-market and large enterprises. And what its clients tell us is very clear: they are truly impressed by Dost's ability to handle complex data at scale with extraordinary accuracy.”
Proprietary Generative AI for Financial Transformation
El technological core Dost's platform SaaS (Software as a Service), which employs a specialized generative AI model in the intelligent and automated processing of invoices, delivery notes, and orders. This technology has been developed to combat inefficiencies that hinder business competitiveness, such as data entry errors and bottlenecks in approval workflows.
Thanks to this solution, companies using Dost can achieve reduce your administrative costs by more than 80% y multiply productivity by 2,5 of their financial teams, achieving data accuracy over 95% that virtually eliminates human errorThe platform manages the complete supplier cycle, from document receipt to reconciliation (three-way matching) and the final integration with the main ERPs market.
Adam Barbera concluded by emphasizing the strategic value of AI: “We are building the intelligence layer that will allow CFOs to move from being process supervisors to being strategy architects. Automation is not the end goal; it is the means to free up human talent from repetitive tasks and empower data-driven decision-making, which is where real value is created.”
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