Bluebook, a Stockholm-based startup, has secured a $3M Pre-Seed funding round, led by EQT Ventures with support from Y Combinator, along with angel investors such as Huey Lin (Founding COO of Affirm), Laura Modiano (OpenAI) and Carles Reina (ElevenLabs). The company is developing an AI-powered platform designed to streamline accounting tasks, including automating routine processes, auditing financial records, and managing supplier invoices. Bluebook’s technology aims to help accounting firms save valuable time, minimize errors, and shift their focus to higher-level advisory work. With its sights set on expansion, the company is currently growing its presence across the Nordic region and plans to extend its reach into Europe over the next year.
Founded by Philip Andersson, Jonathan Andersson and Filip Stål, Bluebook seeks to challenge the traditional accounting system, which is often seen as outdated and overly manual. The founders, who bring a blend of expertise from both accounting and AI, recognized the inefficiencies that many firms face due to reliance on legacy tools. Their goal is to develop a platform that does more than just automate tasks—it aims to empower accountants by improving decision-making, enhancing productivity, and ultimately changing how firms operate.
Bluebook’s platform is designed to handle a range of tasks that are critical for accounting firms, including automating transaction processing, ensuring tax compliance, and handling supplier invoices. The platform is also capable of auditing financial records, allowing firms to quickly identify any discrepancies or potential issues before they escalate. By automating these routine and time-consuming tasks, Bluebook provides accountants with the freedom to focus on higher-value work, such as offering strategic advice to clients.
Currently, Bluebook is working with a number of forward-thinking accounting firms across the Nordics, including in Sweden, Norway, Finland, and Denmark. The company has received positive feedback from these firms, which are using the platform to reduce errors, improve efficiency, and manage growing workloads as the complexity of the industry continues to increase. Bluebook plans to build on this success and expand its presence further into Europe, aiming to reach more firms looking to integrate AI into their operations.
The funding from EQT Ventures and other angel investors will enable Bluebook to further enhance its technology and accelerate its expansion. As AI continues to evolve, the company aims to stay at the forefront of innovation, creating new solutions that help accounting firms adapt to changing demands.
Philip Andersson, CEO and Co-Founder of Bluebook, says, “The accounting industry is at an inflection point. Complexity is increasing, the market is consolidating, AI is on the rise which is leaving firms scattered. We’re just scratching the surface of what’s possible today. Bluebook is not just another accounting tool, it’s the future of a fundamentally new way for firms to operate. Allowing them to focus more on high-value advisory work. We believe AI should work alongside accountants, not against them. And with the backing of EQT, YC, and some of the world’s AI and fintech leaders, it allows us to pursue that future.”
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Read the orginal article: https://arcticstartup.com/bluebook-raises-3m/
