L

Lio

Enterprise procurement AI automates end-to-end purchasing

Founders Associate Intern - CTO Office

Internship
No salary listed
Munich, Germany
In Person
Project & Program Management

About the job

Requirements
  • Experience in software development, engineering strategy, technical consulting, or high-growth startups.
  • Ability to think analytically, act proactively, and translate complex technical insights into actionable plans.
  • Ability to adapt quickly to changing priorities in a fast-paced environment.
  • Ability to communicate clearly and influence stakeholders across technical and non-technical teams.
Responsibilities
  • Assist the CTO with strategic projects and high-impact technical decisions.
  • Support engineering and product initiatives by helping define architecture, processes, and workflows that enable scalable delivery.
  • Contribute to optimizing internal technical processes to make engineering faster, more efficient, and more impactful.
  • Collaborate with Core, Product, and Infrastructure teams to align cross-functional technical efforts.
  • Take ownership of projects end-to-end, moving them from planning to measurable outcomes.

About the company

Lio provides an enterprise procurement AI platform that runs a multi-agent virtual procurement workforce to manage purchase requests end-to-end. It researches vendors, negotiates terms, routes approvals, onboarding, and tracks delivery across ERP and P2P systems, inboxes, and the open web, with integrations to SAP, Coupa, Ariba, and Teams. Its architecture connects to buyers’ systems to automate end-to-end purchasing while maintaining GDPR compliance and European Azure hosting. Its goal is to speed up procurement, reduce manual work, and deliver savings for large buyers, with expansion in the US.

Company Size

51-200

Company Stage

Series A

Total Funding

$30.1M

Headquarters

New York City, New York

Founded

2023

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Simplify's Take

What believers are saying

  • Lio claims 150+ enterprise customers and billions in managed spend by September 2026.
  • One global manufacturer cut outsourced procurement 75% within six months, proving rapid ROI.
  • North American expansion accelerates under Jared Petras, a former Walmart procurement digital leader.

What critics are saying

  • SAP Ariba's 2026 Joule rollout and Coupa's agentic upgrades attack Lio's core workflow.
  • Lio depends on trust for autonomous purchasing; one bad procurement error destroys enterprise adoption.
  • A weak US expansion after Jared Petras's September 2026 hire stalls growth before Category leaders respond.

What makes Lio unique

  • Lio's AI agents execute procurement end-to-end across ERPs, email, and web.
  • Its March 2026 Series A from Andreessen Horowitz validates enterprise demand and category ambition.
  • Munich Re, Brose, and Novozymes anchor Lio's credibility in complex global procurement.

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Benefits

  • 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

Growth & Insights and Company News

Headcount

6 month growth

18%

1 year growth

8%

2 year growth

9%
TechCrunch
Mar 5th, 2026
Lio raises $30M from Andreessen Horowitz to automate enterprise procurement with AI agents

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.