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London marks a new chapter in our journey. Today, we are pleased to share the official news of our £6M Series A funding round, led by Octopus Ventures, and our formal expansion into the United Kingdom. This milestone reinforces our mission: to eliminate manual invoice processing and unlock strategic value for finance teams across the real economy.
In this article, we walk you through what this moment means for us, why we believe this is the right market at the right time, and how our proprietary AI is reshaping financial operations for mid-market enterprises.
Our Series A, led by Octopus Ventures, one of Europe’s most active venture capital firms, represents a strong vote of confidence in the technology and operational learnings we have built over the past three years. The round also includes participation from TQ Ventures and follow-on support from existing investors such as Draper B1, Born Capital and Eoniq.fund.
This funding brings our total capital raised to €8.9M (approximately £7.8M) and enables us to double down on two strategic priorities:
This is not simply a financing round. It is a strategic foundation for scaling an AI-native approach to financial automation in one of Europe’s most dynamic markets.
The UK mid-market is facing a familiar challenge: finance teams overloaded with manual invoice processing, bottlenecked approvals, and costly data entry errors. These inefficiencies drain time, money, and strategic focus. After a successful pilot phase with British companies in manufacturing, construction, logistics and automotive, we have now formally launched with a seven-person on-the-ground team in sales, marketing and customer success.
Our CEO and co-founder, Adam Barbera, has relocated to London to lead the expansion. In his own words:
“UK businesses face identical challenges, but the market is significantly larger and more receptive to proven innovation.”
For us, this is a natural next step: a mature market with complex supply chains and a strong appetite for technology that creates measurable impact from day one.
Globally, we are already supporting more than 150 enterprise customers across sectors such as food, retail, manufacturing, logistics, automotive and construction.
To date, we have processed:
These results are not hypothetical. They come from real teams working with real complexity — multipage invoices, inconsistent formats, demanding approval flows, and supply chains that operate at high volume and speed.
Many automation tools rely heavily on third-party OCR engines. We do not.
Instead, Dost has developed proprietary AI models trained specifically for complex financial documents — the kind generated by manufacturers, distributors, and companies with intricate procurement cycles.
We built our models on millions of real-world transactions, allowing us to operate reliably in environments where generic tools struggle.
Our platform fully automates the procure-to-pay and order-to-cash lifecycles, offering capabilities such as:
Automatically digitises invoices, delivery notes, and purchase orders from any source — eliminating manual data entry.
AI reconciles purchase orders, invoices and delivery proofs line by line, flagging discrepancies instantly and preventing fraud or overpayments.
We adapt to each company’s internal processes, removing bottlenecks and ensuring compliance seamlessly.
Our platform integrates with leading enterprise systems including SAP, Netsuite, Microsoft and Sage.
A self-service environment where vendors can track invoice statuses and payments, reducing repetitive queries to the finance team.
CFOs gain visibility into spending patterns and supplier performance through live dashboards and reports.
This technology is not designed to “replace humans.” It’s designed to make finance teams strategic — removing the operational drag that consumes as much as 80% of their time.
Investors play a crucial role in scaling responsibly, especially within a context where accuracy, compliance and financial integrity are paramount.
Uthish Ranjan, Partner at Octopus Ventures, shared:
“Dost is an AI-native platform tackling one of finance’s most entrenched inefficiencies — invoice processing… Their ability to process complex data at scale with remarkable accuracy impressed customers consistently.”
We see this endorsement as validation not only of our technology, but of the experience, authority and trust we have built through years of hands-on involvement in operational finance.
Our London office is now fully operational, staffed with specialists in sales, marketing and customer success. This team will focus on:
With leadership now based in the UK, we are positioned to respond quickly to market needs, regulatory environments and customer expectations.
As data volumes grow and supply chains become more complex, finance teams need tools that deliver speed, accuracy and visibility without increasing headcount.
Our investment round enables us to:
Our long-term vision is clear: financial automation should be a strategic enabler, not a patchwork of manual workarounds.
Our £6M Series A marks a significant milestone in our mission to transform financial operations for the real economy. With the support of Octopus Ventures, TQ Ventures and our existing investors, we are entering the UK market with confidence, a growing team and technology proven across millions of real-world transactions. Finance teams deserve tools that let them focus on strategy, not spreadsheets. With our proprietary AI, industry expertise and now a strong UK presence, we are excited to continue building the future of financial operations, one invisible process at a time.
Europe's leading SaaS platform for automating invoice and supplier delivery note management
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