💸 𝗙𝗿𝗼𝗺 𝗧𝗨𝗠 𝗜𝗻𝗰𝘂𝗯𝗮𝘁𝗼𝗿 𝘁𝗼 $𝟯𝟬𝗠 𝗦𝗲𝗿𝗶𝗲𝘀 𝗔: 𝗧𝗵𝗲 𝗟𝗶𝗼 𝗦𝘂𝗰𝗰𝗲𝘀𝘀 𝗦𝘁𝗼𝗿𝘆 We are incredibly proud to celebrate our alumni, Lio (formerly askLio), on their massive $30M Series A led by Andreessen Horowitz (a16z)! 🦄 🚀 The founding team Vladimir Keil, Till Wagner and Lukas Heinzmann began their journey right here in the TUM Incubator in 2023. 🌉After refining their vision at Y Combinator in San Francisco, they returned to Munich to scale what is now a global powerhouse. 🔍Lio is building the world’s first AI procurement workforce, using autonomous agents to handle complex enterprise purchasing end-to-end. 🏆Congratulations to the entire Lio team! We can’t wait to see what you achieve next! #TUMIncubator #Munich

Lio has raised $30 million in a Series A round led by Andreessen Horowitz, with participation from SV Angels, Harry Stebbings and Y Combinator. The company has now raised $33 million in total funding. Founded in 2023 by Vladimir Keil, Lukas Heinzman and Till Wagner, Lio deploys AI agents to automate enterprise procurement processes. The platform handles tasks including supplier evaluation, contract negotiation and transaction completion across enterprise systems, replacing manual workflows that previously required large internal teams or outsourcing. The startup is already managing billions in enterprise spending. One global manufacturer automated 75% of its previously outsourced procurement operations within six months. Lio competes with legacy procurement software vendors like SAP Ariba and Oracle, as well as business process outsourcing providers. The funding will expand Lio's US operations and enhance its AI agent capabilities.