Dost raises £6m to launch AI finance automation platform

By Vriti Gothi

Financial automation platform Dost has entered the UK market after raising £6 million in a Series A round led by Octopus Ventures, signalling growing investor appetite for AI-driven back-office transformation across mid-market enterprises.

The company, founded in Spain in 2021, is positioning its proprietary AI technology as a solution to persistent inefficiencies in British finance departments, where manual invoice processing, approval delays and data-entry errors continue to weigh on operational productivity. Dost’s platform, already used by more than 150 enterprise customers across Europe, automates complex procure-to-pay and order-to-cash workflows a segment of the market where generic OCR-based tools have struggled to gain traction.

The UK rollout follows a pilot phase with early adopters in manufacturing, construction, logistics and automotive. Dost has now established a seven-person local team across sales, marketing and customer success, and CEO and co-founder Adam Barbera has relocated to London to lead the expansion. Globally, the platform has processed over four million accounting transactions and reports, delivering an 80% reduction in administrative costs and accuracy rates above 95%.

Dost differentiates itself through AI models built in-house for high-volume, multi-page financial documents prevalent in sectors with complex supply chains. Core features include intelligent document capture, AI-driven three-way matching, configurable approval workflows, deep ERP integrations with systems such as SAP and Microsoft, and a supplier portal for real-time invoice visibility.

For investors, the appeal lies in the platform’s ability to operate reliably in unstructured, data-heavy environments. “Dost is an AI-native platform tackling one of finance’s most entrenched inefficiencies, invoice processing,” said Uthish Ranjan, Partner at Octopus Ventures. “Its product thrives in the messy, unstructured reality of mid-market and enterprise operations… we’re excited to back Adam and the team.”

The funding round, which brings Dost’s total capital raised to £7.8 million, saw participation from TQ Ventures and existing investors Draper B1, Born Capital and Eoniq.fund. The company plans to use the capital to reinforce its leadership position in Spain and accelerate growth in the UK.