British fund Octopus Ventures has led the Series A investment round for Spanish company Dost, which has raised £6 million (more than 6.8 million euros). TQ Ventures has also joined the round alongside Draper B1, Born Capital, and Eoniq.fund, investors already present in previous series.

Octopus Ventures, which supports entrepreneurs from startup to IPO, specializes in sectors such as AI, B2B SaaS, fintech, and healthcare technology. With its support for Dost, it is embracing its AI-powered financial automation platform, which already serves 150 business customers worldwide and will now, with the capital raised, tackle its implementation in the UK market.

More than four million transactions
The entry into the UK comes after three years of perfecting the AI created by Dost, which has already handled more than four million real financial transactions. Its goal is to move companies away from manual invoice processing, which clogs up the system and leads to data entry errors and bottlenecks in approval. It thereby aims to generate strategic value for finance teams.

According to Dost's founders, their proposal reduces administrative costs by 80%, improves accuracy by 95% by virtually eliminating human error, and increases the productivity of the finance team by 2.5 times: “Our proprietary AI handles the complexity of the real economy, from multi-page invoices to complex supply chains, automating the entire purchase-to-pay and order-to-cash lifecycle. And now, we are bringing this technology to the UK with a dedicated local team in London.”

Strengthening its presence in Spain
he new round brings Dost's total capital raised to €8.9 million (approximately £7.8 million) and will not only serve to establish itself in the UK, but also to strengthen its presence in Spain, where it was founded in 2021.

The decision to create a seven-person team in the UK comes after successfully completing a pilot phase with British companies in the manufacturing, construction, logistics, and automotive sectors. Adam Barbera, CEO and co-founder of the startup, has moved to London to lead the expansion.

^{Photo: Dost}