Spanish startup developing accounting AI raises €10 million

Barcelona-based accounting AI startup Kabilio has raised €10 million to develop AI agents that automate repetitive bookkeeping tasks for accounting firms, such as requesting and collecting client receipts. The round was led by Picus Capital and Visionaries Club, with participation from CDTI, Spain's public agency for technology and innovation. Both lead investors had previously backed Kabilio's €4 million pre-seed round roughly a year earlier, signaling continued conviction as the company scales. The funding matters as accounting firms face mounting pressure to cut manual admin costs, and it gives Kabilio capital to expand its agent capabilities and customer base in a crowded European fintech-adjacent AI market. What to watch next is how quickly Kabilio converts the fresh capital into product rollouts and whether it pursues a Series A or geographic expansion beyond Spain.