Full-Time
AI-powered multi-agent procurement platform for enterprises
No salary listed
Munich, Germany
In Person
On-site in Munich, Germany.
People at Lio who can refer or advise you
Lio provides AI-powered procurement automation for large enterprises by using a multi-agent AI system that acts as a virtual procurement team. Specialized agents work in parallel to research vendors, negotiate terms, obtain approvals, and track deliveries, and the system integrates with ERP and P2P tools like SAP, Coupa, and Ariba, while running in familiar environments such as Microsoft Teams to accept natural-language requests. It refines unstructured requests, ensures policy compliance, and structures data for back-end systems, helping procurement cycles move from weeks to hours and offering cost savings through automated negotiations and spend optimization. Its differentiator is end-to-end, enterprise-grade integration and security (GDPR compliance and Microsoft Azure hosting in Europe), supporting global enterprises at scale and aiming to reduce manual work and total procurement costs.
Company Size
51-200
Company Stage
Series A
Total Funding
$30.1M
Headquarters
Munich, Germany
Founded
2023
People at Lio who can refer or advise you
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Health Insurance
401(k) Retirement Plan
Remote Work Options
Unlimited Paid Time Off
Flexible Work Hours
Hybrid Work Options
Wellness Program
Mental Health Support
Conference Attendance Budget
Professional Development Budget
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.