Bluebook funding news – Stockholm-based Bluebook Secures €2.8 Million in Funding

The funding round was led by EQT Ventures, with additional support from Y Combinator and angel investors like Huey Lin (Founding COO of Affirm), Laura Modiano (OpenAI), and Carles Reina (Eleven Labs).

Philip Andersson, CEO and Co-founder of Bluebook, commented: “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.”

Bluebook says the accounting industry, worth €644 billion, is facing a major shift due to problems like a shortage of skilled workers and an aging workforce. This is making it hard for many firms to attract new talent.

The startup’s software helps firms be more productive and make better decisions. Its AI assistant provides real-time research and organizes documents, giving firms quick access to important information. The software also gathers global accounting principles into one place, making it easier to analyze financial data.

Read also - Pixel Photonics funding news – Munster-based DeepTech Startup Pixel Photonics Secures €1 Million in Funding

It suggests tax-saving booking options and provides helpful insights to help users make smart decisions, all in an easy-to-use interface.

Key features of the Bluebook solution:

• Process and review transactions 10 times faster while maintaining accuracy and compliance.
• Reduce research time by 30% on topics like tax, VAT, and compliance, with reliable answers and trusted sources.
• Help junior and general accountants handle more complex client cases and grow their business.

Bluebook’s long-term goal is to create "self-driving" accounting, allowing users to focus more on valuable advisory services instead of just bookkeeping.

The company is already working with top Nordic firms like Baker Tilly & Klara Consulting, with more firms in Sweden, Norway, Finland, and Denmark joining this quarter. In 2025, Bluebook plans to expand further in the Nordics and Europe.

Kaushik Subramanian, Partner at EQT Ventures, added: “Investing in Bluebook reflects our belief in the transformative power of AI to enhance human potential not replace it. By taking over repetitive and mundane tasks AI enables accountants to redirect their skills towards insightful analysis and strategic decision-making. This collaboration between human intuition and machine precision is the key to unlocking unprecedented efficiencies, and we are thrilled to support Bluebook as they lead this innovative shift in the accounting field.”

About Bluebook

Bluebook was founded in 2024 by Filip Stål, Jonathan Andersson, and Philip Andersson. The company is creating AI tools for accounting firms to automate bookkeeping and speed up advisory work. Their goal is to help accountants find information, make decision and complete tasks faster while also improving advisory capacity and ensuring compliance.