Integral, a Berlin-based AI-powered accounting platform, has raised €6.3 million in a funding round led by General Catalyst, with participation from Cherry Ventures, Puzzle Ventures, and various European entrepreneurs.

The company aims to modernise accounting for European SMEs by automating financial processes and reducing reliance on legacy systems.

Accounting remains one of the few financial sectors still dependent on manual tasks and outdated enterprise resource planning (ERP) software, compounded by a shortage of skilled professionals.

Integral’s platform leverages AI and large language models (LLMs) to streamline bookkeeping, tax preparation, and financial reporting, improving efficiency and accuracy for SMEs and tax advisers.

The new funding will be used to further develop the platform, expand market reach, and refine AI capabilities.

Cherry Ventures, known for backing early-stage European start-ups, saw potential in Integral’s approach to addressing inefficiencies in accounting.

Featured image: Anil Baykal Gründer and Lukas Zoerner of Integral