Outmin secures €1.5m to expand its automated accounting platform into the UK.
The funding round was led by Middlegame Ventures to support product development and international growth.
≈ £1.3M at €1 = £0.8714 on 20 Oct 2022
Dublin based Outmin provides automated accounting solutions that combine software with professional finance services for small businesses.
Dublin based automated accounting platform Outmin has raised €1.5m in a funding round led by Middlegame Ventures. The round also drew participation from Fuel Ventures, KellySan Enterprises and a group of strategic angel investors.
The capital will be directed towards accelerating technology development and supporting international expansion, which includes opening a new office in the UK. Outmin also plans to double its headcount by the end of next year as it scales operations.
Founded in 2020, the company combines software automation with a dedicated team of finance professionals to handle tasks such as bookkeeping, tax returns and payroll. The platform aims to reduce administrative burdens and provide small businesses with clearer financial data to guide decision making.
From the founder
"Many industries are facing financial uncertainty. SMEs are among the first to feel the strain and cutting costs, streamlining in-house administration and gaining valuable business insights can be paramount during these periods. This fundraise will enable us to help more and more small businesses get quicker and better data about their business to inform their decision making in these uncertain times."
David Kelleher
CRO at Outmin
Use of funds
- 01Continue product development
- 02Expand into international markets
- 03Grow the team
