A €4 million pre-seed round in Spain is a statement. For Kabilio, a Barcelona-based AI platform founded in 2024, it is a bet on a specific kind of pain: the manual invoice processing and bank reconciliation that consumes Spanish accounting firms during quarterly tax reporting [Tech.eu, November 2025]. The company says its tools are now used by nearly 100 such firms, which report productivity improvements of up to 50% during those peak periods [EU-Startups, November 2025]. The funding, led by Visionaries Club and Picus Capital with participation from Spanish public agency ENISA, is one of the country's largest known pre-seed financings [Capital-Riesgo.es, 2025].
Automating the Spanish tax season
The product attack is narrow and compliance-heavy. Kabilio's platform focuses on three core workflows where manual effort is highest. Its AI engine processes invoices from email and cloud storage, claiming 97% accuracy even on complex intra-EU operations with reverse charge VAT [Tech.eu, November 2025]. A separate module connects to 99% of Spanish banks for automated transaction matching, a critical step for reconciliation [StartupHub.ai, 2025]. For the small business and freelancer clients of these accounting firms, Kabilio offers a Verifactu-compliant invoicing tool that syncs data in real time with their advisor [Tech.eu, November 2025].
The founder pedigree behind the round
Co-founders José Ojeda and Álex Valls are not first-time founders. Ojeda's background includes a stint at McKinsey, operational roles at Rocket Internet-backed Lyst, and most recently as COO of construction tech startup 011h [ContactOut, Signal, 2026]. Valls comes from gaming (Social Point) and travel tech (Exoticca), with a shared tenure at 011h [Capital-Riesgo.es, 2025].
| Founder | Role | Prior Experience |
|---|---|---|
| José Ojeda | Co-CEO | McKinsey, COO at Lyst, COO at 011h |
| Álex Valls | Co-Founder | Social Point (gaming), Exoticca (travel), 011h |
Where the integration roadmap gets real
Kabilio's early metrics are promising, but the path from a hundred firms to a thousand runs through a competitive and sticky market. Local incumbents like Holded and Quipu offer broader practice management suites. The company faces several tangible execution questions in the next 12 months:
- Proving the expansion thesis. The capital is earmarked for team growth and European market entry [Tech Funding News, November 2025]. Success in Portugal or Italy would validate the platform's adaptability beyond Spanish VAT and banking systems.
- Moving upmarket. Serving small advisory firms is one thing; landing mid-market practices with more complex needs is another. The platform's ability to handle multi-entity structures and international transactions will be tested.
- The competitive response. Incumbents are not static. Holded, backed by Lakestar, and others are actively embedding AI features. Kabilio's window to establish a reputation for best-in-class automation may be narrow.
The €4 million pre-seed from Visionaries Club and Picus Capital, with ENISA's €200,000, gives Kabilio runway to answer these questions [Capital-Riesgo.es, 2025].
Sources
- [Tech.eu, November 2025] Kabilio raises €4M to streamline accountant-client collaboration via AI | https://tech.eu/2025/11/05/kabilio-raises-eur4m-to-streamline-accountant-client-collaboration-via-ai/
- [EU-Startups, November 2025] With €4 million in funding, Kabilio scales AI tools helping Spanish accounting firms lift productivity by up to 50% | https://www.eu-startups.com/2025/11/with-e4-million-in-funding-kabilio-scales-ai-tools-helping-spanish-accounting-firms-lift-productivity-by-up-to-50/
- [Capital-Riesgo.es, 2025] Kabilio raises €4 million to use AI to transform collaboration between accounting firms and their clients | https://capital-riesgo.es/en/articles/kabilio-raises-4-million-to-use-ai-to-transform-collaboration-between-accounting-firms-and-their-clients-visionaries-club-picus-capital-and-enisa-participated-in-the-round/
- [StartupHub.ai, 2025] Kabilio raises €4M to advance its AI accounting platform | https://www.startuphub.ai/ai-news/artificial-intelligence/2025/kabilio-raises-e4m-to-advance-its-ai-accounting-platform
- [Tech Funding News, November 2025] Kabilio grabs €4M to build the next-gen AI assistant for accountants | https://techfundingnews.com/kabilio-raises-4m-ai-accounting-automation/
- [ContactOut, Signal, 2026] José Ojeda professional profile
- [Pulse2, November 2025] Kabilio: €4 Million Raised To Expand AI Platform For Accounting Firms in Spain | https://pulse2.com/kabilio-e4-million-raised-to-expand-ai-platform-for-accounting-firms-in-spain/