What does Outmin do?
Outmin provides an intelligent bookkeeping service that automates financial data production and eliminates manual data entry, helping accounting firms and SMEs scale profitably through improved data accuracy and efficiency.
How much did they raise?
The company raised €4M in funding with the round led by Praetura Ventures via its Praetura EIS Growth Fund and additional participation from NPIF II – Praetura Equity Finance, managed by the Northern Powerhouse Investment Fund II.
What are their plans for the money?
Outmin plans to use the funds to accelerate engineering hires, deepen its AI capabilities, and scale delivery for a growing base of accounting firm partners, aiming to enhance margin improvement and modernize the core bookkeeping model.
What have they achieved so far?
The startup has already built a growing base of accounting firm partners and strengthened its leadership with CEO Ross Hunt and the appointment of Feargal O’Rourke as Chairman, reflecting its significant progress towards transforming financial data processing.
