Dost launches in UK with £6M Series A led by Octopus Ventures

Spain-based
Dost, an AI-powered financial automation platform, has closed a £6 million
Series A round led by Octopus Ventures and officially launched in the UK
market. The round also included participation from new investor TQ Ventures, as
well as continued support from existing backers such as Draper B1, Born Capital
and Eoniq.fund.

Co-founded
in 2021 by Adam Barbera (CEO), Fernando Martín (COO), Naqqash Abassi (CTO) and
Àlex Caudet (CSO and Managing Director), Dost is a SaaS platform that
automates financial document processing and supplier management for mid-market
enterprises. The platform uses proprietary generative AI models to manage the
entire accounts payable cycle, from document capture to ERP integration, and
serves customers in sectors such as manufacturing, construction, logistics,
automotive, food and beverage, and chemicals.

Building
on this foundation, Dost differentiates itself from competitors that depend on
third-party OCR (Optical Character Recognition) tools by using proprietary AI
models trained specifically for complex, high-volume financial document
processing. Its platform automates the full procure-to-pay and order-to-cash
lifecycle. It is built for the “real economy”, focusing on established
industries with complex supply chains and multi-page invoices that conventional
automation tools often find difficult to process.

The
investment reflects growing UK interest in AI-driven financial automation, with
Dost introducing technology already in use at more than 150 European
enterprises in food, retail, manufacturing and other industries to address
common challenges for British mid-market businesses, including manual invoice
processing, data entry errors and approval delays.

Following
a pilot phase with early UK customers across manufacturing, construction,
logistics, and automotive, Dost is now formalising its UK presence with a
seven-person local team covering sales, marketing and customer success.

Dost will use the
capital to pursue a dual growth strategy: strengthening its position in Spain
and accelerating its expansion into the UK market with the new London team.