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/