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

London-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.