Outmin, a Dublin, Ireland-based automated accounting solutions platform, raised €1.5 million in funding to enhance and develop their technology that tackles the distraction of financial admin.

The round was led by Middlegame Ventures, with participation from Fuel Ventures, KellySan Enterprises Ltd, and several strategic angel investors. 

This recent injection of investment will enable Outmin to accelerate the development of its cutting-edge technology and meet global demand to provide SMEs with a peerless service that improves business information, saving time on their financial admin. 

It also marks a significant milestone in Outmin's rapid geographical expansion with the opening of a UK office and plans to double headcount by the end of next year. 

Ross Hunt, Founder & CEO of Outmin, said, "As a company, Outmin has more than doubled in size over the last year and with this funding, we plan to do so again within 12 months as we grow internationally. We are excited to continue to build our technology with the investment, enabling more businesses to get faster, better and cheaper results from their finance function thanks to our hands-free accounting solution".

Outmin replaces the need for costly finance hires and multiple software systems, subscriptions, and packages used by SMEs by providing better quality data faster and with less effort on the client's part, all with a single login.

Company: Outmin Limited 

Raised: €1.5M

Round: Unknown 

Funding Month: October 2022

Lead Investors: Middlegame Ventures

Additional Investors: Fuel Ventures and KellySan Enterprises Ltd

Company Website: https://outmin.io/

Software Category: Automated Accounting Solutions platform

About the Company: Founded in 2020, Outmin provides SaaS-based accounting, bookkeeping, and CFO services to SMEs with an initial focus on the technology and hospitality industries across the UK and Ireland. It features an AI-driven solution for payroll management, accounting management, bookkeeping, tax compliance, R&D tax credit management, company secretarial & formation, and more. The pricing is available on the monthly subscription plan. Outmin has over 150 clients currently using its platform. It offers a unique approach combining professional services with automation, providing easy-to-use technology powered by human expertise and experience. The platform provides businesses with an accountant, bookkeeper, and accounting software as a consolidated service, eliminating the need for multiple employees and software packages. 

Source: https://www.qsrmagazine.com/news/automated-accounting-platform-outmin-announces-eu15-million-funding-round