Outmin Funding News -Ireland’s Outmin Secures €4M Fresh Funding To Expand Its AI Finance Platform

The round was led by Praetura Ventures through its Praetura EIS Growth Fund and NPIF II – Praetura Equity Finance, part of the Northern Powerhouse Investment Fund II.

Praetura Ventures, a Manchester-based venture capital firm focused on early-stage investments in Northern England, led the funding round.

The new investment will help Outmin grow its AI-powered platform, which automates bookkeeping, accounting, and payroll for small and medium businesses. The company plans to use the funds to expand its team, improve its product, and speed up international growth—especially in the UK and Ireland.

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Praetura Ventures, a Manchester-based venture capital firm focused on early-stage investments in Northern England, led the funding round.

The new investment will help Outmin grow its AI-powered platform, which automates bookkeeping, accounting, and payroll for small and medium businesses. The company plans to use the funds to expand its team, improve its product, and speed up international growth—especially in the UK and Ireland.

“When I was approached to go in as Chair, three things stood out. Firstly, the core team—Ross, Jane, and David. Super bright people with an excellent dynamic, bringing strong thinking to strategy, operations, product development, and people. Secondly, the wider team. I attended a company day and was blown away by the enthusiasm and unity of purpose—not a top-down vision, but a shared goal. And thirdly, the product. Outmin’s AI machine learning journey will revolutionize bookkeeping, with a real chance to become a global leader,” says Feargal O’Rourke, Chairman, Outmin.

“You never need to reconcile anything again. If you’re missing a document, we will resolve it for you. It’s part of the process and service,” says Ross Hunt, CEO of Outmin

Outmin’s SaaS platform automates key financial tasks like payroll, expense tracking, tax returns, and compliance. The company says it helps finance teams and accounting firms cut costs by 66% and save over 120 hours of admin work each month.

About Outmin

Founded in 2020 by Ross Hunt and David Kelleher, Outmin offers an AI-driven platform that simplifies accounting and bookkeeping for small and medium-sized businesses.