# Lio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lio-2

- Industry: Software
- Headquarters: Munich, Germany
- Website: www.lio.ai
- Total disclosed funding: $30M
- Latest round: Series A (Mar 5, 2026)
- Investors on record: 3

## About

Based in Munich, Germany, and founded in 2023, Lio Technologies GmbH, d.b.a. 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.

## Funding rounds

- Series A, Mar 5, 2026, $30M — Andreessen Horowitz, SV Angel, Y Combinator

## Investors

- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Series A
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series A