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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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.