Lio, an AI-powered procurement automation startup, has raised $30 million in Series A funding led by Andreessen Horowitz. The round also included participation from SV Angels, Harry Stebbings, and Y Combinator, bringing the company's total funding to $33 million. Founded in 2023 by Vladimir Keil, Lukas Heinzman, and Till Wagner, Lio aims to streamline the notoriously manual and fragmented procurement process that plagues enterprise spending.

Keil's personal experience with procurement inefficiencies, both as a corporate employee and while building his first startup, inspired the creation of Lio's AI-native platform. The company deploys autonomous AI agents that execute entire procurement workflows across enterprise systems, handling tasks from supplier evaluation to contract negotiation. These agents can complete processes that traditionally took weeks in just minutes, representing a fundamental shift from traditional procurement software that merely assists human workers.

Lio's technology has already demonstrated significant impact, with one global manufacturer automating 75% of its previously outsourced procurement operations within six months. The fresh capital will fuel expansion across the U.S. and enhance the capabilities of Lio's AI agents, which aim to manage billions in enterprise spend. By addressing the core inefficiencies in procurement through autonomous AI execution rather than human assistance, Lio positions itself as a transformative force in enterprise operations.