Mika raises €6M to automate German bookkeeping with accountants in the loop

Why it matters

Mika's round backs a software-led alternative to routine tax-firm work. Its commercial test is whether automated books and limited human review can earn founders' trust when founders still approve the filings.

Agnieszka Walorska has raised a €6 million seed round for mika, her Berlin-based accounting startup, as she tries to make running a German small company less dependent on hiring a tax adviser. Tech.eu reported the financing on September 23rd, naming Smedvig Ventures as the lead investor. The capital will go toward growth and further product development.

Walorska came to the problem through her own businesses. She previously founded PANQ and held a senior role at Capco; mika's account of its founding says the time she spent on bookkeeping and tax administration shaped the product. In Tech.eu's 2024 report on its earlier financing, Walorska described bootstrapping her first business as a migrant without a network. Her ambition was to lower a barrier she had encountered herself.

That ambition has a specific commercial target: German GmbHs and UGs, incorporated businesses whose managers must keep accounts and file taxes whether or not they employ a finance team. Walorska told Tech.eu that some founders believe hiring a tax adviser is legally required. Mika's bet is that software can take on much of the routine work that makes an adviser feel unavoidable. The distinction between doing the work and taking legal responsibility for it runs through the product.

A ledger with people in the loop

Mika imports receipts and payments, categorizes transactions and records them in a general ledger built for German accounting. According to Tech.eu, it uses different AI models for different tasks alongside accounting rules developed by mika. Customers can inspect explanations of individual entries, review prepared VAT returns and query their financial data either in mika or through the Model Context Protocol using assistants such as ChatGPT and Claude. Mika says trained accountants review bookings and handle cases that need human judgment.

The human review is consequential, though its scope matters. Mika's description of its legal boundaries says its specialists check booking data, not tax assessments or work reserved for licensed advisers. The managing director reviews and releases the annual accounts and tax returns prepared through the software. Mika does not itself provide individual tax advice; customers can use licensed advisers for that work. Its product therefore offers a way to do more of the process without a conventional tax firm, while leaving approval and responsibility with the business owner.

That division shapes the pricing. Mika advertises bookkeeping from €49 a month and a plan including annual accounts from €99 a month, with prices varying by transaction volume. At the entry level, the latter amounts to €1,188 a year before VAT. Those prices are a starting point for comparing options, not a flat bill for every company or a promise that no business will need professional tax advice.

Mika says more than 750 GmbHs and UGs were using its product when Tech.eu published its report. Mika initially concentrated on agencies and consultancies and says it has since reached SaaS, property, e-commerce, retail and skilled-trades businesses. The customer count indicates a broader sales opportunity; it does not, by itself, establish how often customers need an accountant's intervention or a separate adviser.

Investors are backing different answers to the same problem

Alongside Smedvig, the seed round includes Wecken & Cie. through Care4 AG and individual investors Dennis Bemmann and Michael Brehm of studiVZ, Johannes Ditterich of limango, and Martina Pfeifer of encourageventures. Existing investors Keen Venture Partners and Dutch Founders Fund increased their stakes, Tech.eu reported. Mika had previously announced an €800,000 pre-seed round in June 2024, led by an alliance of Keen, Dutch Founders Fund and Slimmer AI. The two reported rounds total €6.8 million. Mika lists Lukas Linnekuhle as co-founder and CFO and Henry Müssemann as co-founder and CTO alongside Walorska.

The money arrives as other Berlin companies pursue the same accounting burden through different structures. Integral said on September 16th that it raised an €18 million Series A to expand AI-assisted accounting, tax and payroll services delivered with licensed professionals. Taxforce announced a €5 million seed round in February for an AI-based tax advisory firm initially focused on medical practices. Those models place professional service delivery closer to the center. Mika is selling software-led bookkeeping with human checks and a route to advisers when customers need them.

Walorska's approach gives small companies a cheaper starting price and a more direct role in their own accounts. It also makes the quality of mika's ledger and the usefulness of its human review central to the proposition. A founder who can understand each entry and approve a filing with confidence has gained something tangible, even if the final signature remains theirs.