Lio
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Lio - overview
Established
2022
Location
Munich, -, Germany
Primary Industry
Software
About
Based in Munich, Germany, and founded in 2023 by co-founders Till Wagner, Vladimir Keil and Lukas Heinzmann, Lio Technologies GmbH, d. b. a. Lio formerly known as AskLio operates as a software company that focuses on transforming procurement by automating routine tasks, enabling procurement teams to focus on strategic decision-making.
The company’s AI assistant handles free-text requests, conducts compliance checks, and automates order processing without human intervention. In March 2026, Lio raised USD 30 million in series A funding led by Andreessen Horowitz, with participation from SV Angel and Y Combinator. The company provides an AI-driven procurement assistant platform that integrates with existing P2P and ERP systems, including SAP and Microsoft Teams, for onboarding without significant IT resources. The platform enhances strategic decision-making by analyzing offers, contracts, and procurement markets, enabling procurement teams to focus on value-added activities.
The company plans to use the March 2026 funding to accelerate product development and support its expansion into the U. S. market. The company plans to use the March 2026 funding to accelerate product development and support its expansion into the U.
S. market.
Current Investors
Andreessen Horowitz, SV Angel, Y Combinator
Primary Industry
Software
Sub Industries
Web Applications, Accounting/Finance Software, Analytics & Performance Software, Application Integration Software
Website
www.lio.ai
Verticals
Artificial Intelligence, Cloud Computing, IoT (Internet of Things)
Company Stage
Series A
Total Amount Raised
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