Digitoo, a Prague, Czech Republic-based fintech startup that develops an AI-based platform aimed at automating manual and repetitive tasks for accountants, has raised €2.3 million in a seed investment.
SaaS Investors
The round was led by Reflex Capital.
Reflex Capital, formerly known as Spread Capital, is an investment firm based in the Czech Republic with an office in San Francisco, US. Reflex Capital is a group of entrepreneurs that invests its own money in various startups, with a focus on being founder-friendly.
Digitoo Use of Funds
The company will use the latest funding for further innovation and development of its services.
About Digitoo
Founded in 2019 by Karin Fuentesová, Digitoo is an end-to-end automation software for invoice processes. Its solution helps small, mid-size, and enterprise companies streamline their invoice process features like AI data extraction automation, multi-level approval handling, and an artificial intelligence accountant who observes and performs key repetitive tasks.
Funding Details
Company: Digitoo s.r.o.
Raised: €2.3M
Round: Seed Round
Funding Month: December 2023
Lead Investors: Reflex Capital
Additional Investors:
Company Website: https://www.digitoo.ai/
Software Category: Accounting
Source: https://ain.capital/2023/12/14/digitoo-raises-2-3m-seed-reflex-capital/