WorkAI.TV · Jul 2026
Discusses Lio X and TÜV SÜD's use of internal organizational knowledge and procurement material as an AI knowledge source.
AI-Copilot for procurement teams at large enterprises
Public company, workplace, funding, and market signals
Updated Jul 28, 2026
Lio Technologies GmbH, formerly askLio, is a Munich-based enterprise software company building an AI procurement workforce. Its coordinated multi-agent system handles purchase requests end-to-end—understanding natural-language requests, researching suppliers, analyzing quotes, negotiating, routing approvals, onboarding vendors, and tracking deliveries across enterprise systems.
Primary product
Lio, an agentic multi-agent procurement platform / AI procurement workforce for enterprise companies.
Founded
2023
Headquarters
Munich, Germany
Team size
100-150 (company site says 120+; third-party company data reports 107 or 100-150)
Industry
Software Development / Enterprise Software
Sub-industry
Artificial intelligence for procurement and source-to-pay automation
20 jobs at askLio
Offices
Business model
Stage
Series A
Total raised
$33M
Latest round
Series A · Mar 2026
Latest amount
$30M
Mar 2026 · Andreessen Horowitz
Nov 2023
Jul 2023
Jan 2023
Leadership
Founder and CEO
Co-Founder and CTO (Managing Director)
Till Wagner
Co-Founder and COO
Jared Petras
Head of US Growth
VP Sales
Vincent Nusmeier
Head of Growth
Timo Bunk
Head of Product
Jill Staebe
Head of Marketing
Investors
The company describes its culture through the values Outlier, Stay Hungry, Emotional Intelligence, Get Shit Done, and Zero Bullshit. Its public hiring and team materials emphasize high ownership, speed, technical ambition, customer impact, and a distributed Germany/US presence; a formal remote or hybrid policy was not found.
Compensation
Employee stock options are publicly listed. No reliable public salary bands or confirmed visa-sponsorship policy were found.
Benefits
Pricing
Enterprise pricing appears to be sales/demo-led; Lio directs prospects to request a demo. A third-party listing claims pricing from $49/month, but this is not corroborated by Lio and should not be treated as an enterprise quote.
Differentiators
Technology
Customers
Competitors
WorkAI.TV · Jul 2026
Discusses Lio X and TÜV SÜD's use of internal organizational knowledge and procurement material as an AI knowledge source.
Procurement Magazine · Jul 2026
Profiles Lio's multi-agent procurement approach, reports company-reported adoption, workload reduction, savings and retention metrics, and describes expansion across Global 2000 and Fortune 500 customers.
Lio newsroom · Apr 2026
Important expansion milestone: Lio hired Jared Petras, formerly at Walmart, to lead U.S. growth following the Series A.
Lio newsroom · Mar 2026
Founder story/strategy piece explaining Lio's mission, product thesis, and early customer outcomes such as reduced manual work.
Andreessen Horowitz · Mar 2026
a16z explains its investment thesis and highlights Lio's technical founding team and agents operating across ERPs, records, inboxes, contracts and the open web.