Why Europe’s AI founders are opening accounting and law firms | Sifted
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AI-native service firms in Europe are attracting accelerating investor interest as startups challenge slower-moving incumbents in accounting and law. One startup raised €318k from 19 investors at a €5,663 valuation, while another secured €412m in funding at a €7,154 valuation, with the round led by Index Ventures. The sector has drawn roughly 6,725 deals, and investors argue that AI can compress the cost of professional services by automating routine work. The push matters because accounting and legal services represent large, fragmented markets where incumbents have been slow to adopt automation. What to watch next is whether these AI-native firms can convert funding into durable market share as more capital flows into European professional-services startups.
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