Kabilio Raises €10 Million in Round Led by Picus Capital and Visionaries

Barcelona-based Kabilio has raised €10 million in a round led by Picus Capital and Visionaries, taking its total funding to €14 million, the company announced on November 5, 2026.

Spain’s public innovation agency CDTI also took part. Picus Capital and Visionaries led the company’s pre-seed round a year ago, so this Kabilio funding round comes from the same two backers. The company has not disclosed a valuation.

For accounting firms the news is about what the money buys. Kabilio will use it to roll out an AI agent that takes whole bookkeeping tasks from an accountant, rather than answering questions about them.

The scale of the change is visible in the customer count. Kabilio serves nearly 500 accounting firms, up from about 100 a year earlier. The previous round was €4 million, so the latest Kabilio funding is two and a half times that.

Kabilio funding round: who backed it and why

Picus Capital and Visionaries led both of the company’s institutional rounds. The €4 million pre-seed, announced in November 2025, also included €200,000 of public backing from ENISA, the Spanish state lender to young companies. CDTI now joins the cap table in the larger round.

Kabilio was founded in 2024 by José Ojeda and Álex Valls. Valls is co-founder and co-chief executive. The company has 80 employees, more than half of them in product and engineering.

The firm has not named a round stage or disclosed revenue. It has not published a price for firms on the pages reviewed, and the announcement does not set out one.

Named customers include the firms Adlanter, Solfico and Gemap. Solfico and Gemap belong to the iusTime group. Fiscalidad Inteligente and Alemany Assessors use Kabilio Empresas, the client-facing product, for much of their client portfolios.

Kabilio funding will pay for an AI accounting agent

The agent is the centrepiece of the spending plan. It retrieves invoices, reconciles bank transactions, validates accounting entries and requests missing documents from clients by email and WhatsApp.

Accountants assign tasks to it in plain language and set how much autonomy it has. Several firms are piloting it, and the product is not yet in general commercial release.

The second use of the money is more automation of accounting workflows. The third is the shared platform that connects firms with their clients.

“An agent is only as good as the data it works on.” Álex Valls, co-founder and co-CEO, Kabilio

That sentence explains the product design. Kabilio built the data layer first, with firms and clients working in the same system, and the agent sits on top of it.

A later phase will extend the agent to small business clients. It would issue invoices, chase overdue payments, request receipts and answer routine accounting and tax questions.

What the Kabilio platform does for firms and clients

The platform reads client invoices, suggests accounting entries and matches bank transactions. It prepares reconciliations and flags cases that need an accountant’s review. This is document capture followed by posting, with the accountant validating the result.

Kabilio sits alongside the software a firm already runs rather than replacing it. On its website the company lists native, real-time synchronisation with the Spanish ledger products A3ECO and A3CON, with a Sage integration in preparation. Its site also describes an AI assistant, Kabi, that answers questions about client financial data.

The company puts the saving on bookkeeping and reconciliation time at about 60%. It has not published the sample or baseline behind that figure, so firms should test it on their own client files.

Kabilio Empresas is the second half of the product. Small businesses use it to issue invoices, connect bank accounts and track cash flow. The data flows to their accounting firm in real time. Small businesses reach it through their accountant, not directly.

The invoicing tool is built for Verifactu, the Spanish rules on invoicing software that firms and their clients are adapting to. What a client issues flows straight into the firm’s books, which removes a re-keying step.

Kabilio funding against Pennylane, Dext and Qonto

Kabilio is not the only company working on the shared firm and client ledger. Pennylane, the Paris-based platform, raised $204 million in a Series E in January 2026 at a $4.25 billion valuation. It has raised about $394 million since 2020 and serves more than 800,000 businesses, mainly in France and Germany.

On those numbers Kabilio is far smaller. Its €14 million total is about 3.5% of what Pennylane has raised, and it has not yet announced a market outside Spain.

The design differs too. Pennylane asks firms and clients to work inside its own accounting platform. Kabilio connects to the software a firm already uses and adds the AI layer on top.

Dext comes at the problem from document capture, extracting data from receipts and invoices for bookkeepers. Qonto, the business bank, runs a free monthly SME data platform across four European markets and works with accountants from the bank side. Kabilio’s pitch is to combine capture, bank matching and client communication in one workflow.

Other startups are chasing the same firms. Ravical closed a $17 million seed round for an accounting firm AI platform, a larger first round than Kabilio’s pre-seed.

Where the Spanish market leaves room for Kabilio funding

Spain has roughly 65,000 accounting and tax advisory firms serving millions of small businesses and freelancers. Nearly 500 customers is therefore under 1% of the firms in the country. The company has said it plans to extend to other European markets, but no timetable has been given.

Spain’s tax rules are complex and change often, which is the reason a local specialist can hold ground against larger regional platforms. Local rules such as Verifactu, and local ledgers such as A3, need native support that a pan-European product may not prioritise.

The risk is the one every agent product faces. A firm will give an agent client documents and bank data only if its output is accurate and traceable. Kabilio addresses this with the autonomy setting and by flagging cases for review, and the pilots will show whether firms trust it.

For accountants in the UK, the US and elsewhere in the EU, the point is the direction rather than the Spanish detail. Vendors are moving from tools that read a document to agents that chase the missing one, and clients are asked to use the same system as their accountant.

What comes next for Kabilio

The agent is the next test. Kabilio will take it from pilot to commercial release with its pilot firms, then extend it to the small business clients on Kabilio Empresas. Firms that test it should watch the rate at which the agent’s entries are accepted without correction, since that figure decides whether the saving holds.