Lio Secures $30M Series A Funding

Lio, an AI-native company specializing in agentic AI platforms for enterprise procurement, announced a $30 million Series A funding round. The round was led by Andreessen Horowitz, with participation from SV Angels, Harry Stebbings, and Y Combinator, bringing Lio's total funding to $33 million. The new capital will be used to accelerate product development and support Lio's expansion into the U.S. market. Lio's platform introduces Agent Operating Procedures (AOPs) to procurement, enabling virtual AI agents to autonomously execute complex enterprise workflows, including triaging requests, analyzing quotes, comparing suppliers, negotiating, onboarding vendors, and executing purchases end-to-end. This approach aims to reduce manual work, improve sourcing, and generate incremental savings for enterprises. Lio's agents have managed billions of dollars in enterprise spend since 2023 and are used by Global 2000 and Fortune 500 companies like Munich Re, Brose Fahrzeugteile, and Novozymes. Testimonials from executives at Walmart and Schaeffler Group highlight the transformative potential and rapid ROI of Lio's technology.