Bluebook, the Stockholm-based AI-powered software transforming modern accounting firms, has raised US$3 million in funding, including a US$2.5 million pre-seed round led by EQT Ventures, with participation from Y Combinator and angel investors from OpenAI, ElevenLabs, and Affirm.
Founded by Philip Andersson, Jonathan Andersson, and Filip Stål, Bluebook is on a mission to bring automation, intelligence, and efficiency to a sector long overdue for transformation.
Bluebook enables accounting professionals to enhance productivity, allowing firms to serve 200 clients instead of just 20.
By reducing research time by approximately 30%, accountants can shift their focus from time-consuming reconciliations and monthly closings to providing strategic advice and high-value services.
Philip Andersson, CEO and Co-Founder of Bluebook, commented:
“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.”
Already adopted by 30 leading firms in the Nordics, Bluebook is now expanding into the UK as part of its rapid growth.
Kaushik Subramanian, Partner at EQT Ventures, commented:
“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.”
The investment round includes contributions from angel investors such as Huey Lin (Affirm), Laura Modiano (OpenAI), and Carles Reina (ElevenLabs).
With its acceptance into Y Combinator, Bluebook joins a growing number of AI-driven startups aiming to improve efficiency in professional services.
As accounting firms increasingly look for ways to streamline operations, the role of AI in automating research and documentation is becoming more relevant.
Bluebook’s expansion into new markets reflects a broader industry shift towards technology-driven solutions in accounting and financial management.
Featured image credit: edited from freepik
