- Founded
- 2023
- Headquarters
- Munich, Germany
- Latest Round
- Series A
- Est. Valuation
- ~$200M
Investment Thesis
Lio builds multi-agent AI systems for enterprise procurement, automating the entire purchasing process through natural language — from request submission and price comparison to supplier negotiation and order placement.
Backed by Y Combinator and a16z, Lio serves major industrial clients including Munich Re and Brose. The company raised $30 million in Series A led by a16z in March 2026.
Enterprise procurement is painfully slow — buying anything from office supplies to industrial parts requires weeks of data entry, approval chains, and manual supplier negotiations.
Multi-agent AI system that triages purchase requests via natural language, compares suppliers, negotiates pricing, and executes purchases end-to-end without human intervention.
AI agents are now reliable enough for complex multi-step business workflows, and procurement is a $10T+ global spend category still stuck on email, spreadsheets, and legacy ERP systems.
Cuts manual procurement work by 85%, saves clients 10% on total spend, 100% customer retention across 100+ enterprise clients including Munich Re and Brose — zero churn.
Vladimir Keil (CEO) and co-founders built Lio out of YC with deep enterprise procurement expertise from Munich's industrial heartland, scaling to serve major European and global corporations.