Dublin-based AI bookkeeping start-up Outmin has raised €4m in a round and announced former PwC Ireland managing partner Feargal O'Rourke as its new chair.

The company, which automates financial data production to eliminate manual data entry, will accelerate engineering AI, deepen its AI capabilities and scale deliver for its clients with the new funds.

Additionally, the funding will enable Outmin to broaden its international reach, particularly in the north west of England, where it already has an emerging presence.

The round was led by Praetura Ventures via its Praetura EIS Growth Fund and the £660m Northern Powerhouse Investment Fund II, which is operated by the British Business Bank.

"This funding marks an exciting new phase for Outmin," said Ross Hunt, CEO and founder of Outmin. 

"It will enable us to continue our growth in Ireland and expand our presence in the UK, especially in the north west, which is a hotbed of activity.

"It's about delivering a real system that changes how firms operate.

"With Feargal's experience and leadership, we're more equipped than ever to bring automated bookkeeping to more businesses and help accounting firms navigate the future of bookkeeping and finance."

Outmin said that O'Rourke's appointment signals its commitment to solving long-standing challenges in the industry, including talent shortages, inefficiencies, and succession risks.

"Outmin is building something accounting firms truly need," said O'Rourke.

"It's not a short-term fix, it's a foundational shift. The team understands where the gaps are in the current model, and they're delivering a system that helps firms scale and focus their people on higher-value work."

Outmin's AI Bookkeeper automates key financial workflows, including document collection, invoice processing, reconciliation, and reporting.

It combines automation with human oversight to deliver accurate, up-to-date books, without having to increase headcount.

According to Outmin, more than 350 businesses utilise the platform, and it has established partnerships with 11 accounting practices.

Businesses report saving more than 200 hours annually on bookkeeping, while some partner firms report as much as €10,000 in additional revenue per client onboarded to Outmin by reallocating existing staff to higher-value tasks.

"Every accounting firm is facing pressure to do more with less," said David Kelleher, co-founder and chief revenue officer at Outmin.

"The future belongs to firms that invest in better systems, not just people. We're already partnered with forward-thinking firms like Nexio, who are providing valuable insights to help us optimise our product and create something that gives accounting practices a real competitive advantage."

Outmin is headquartered in Dublin and has clients across Ireland and the UKE. The company is one of LinkedIn's Top Startups and a 2025 TechRound's FinTech50 winner.

Photo: Outmin co-founders Ross Hunt and David Kelleher. (Pic: Supplied)