Loading organizations...
Virtual procurement workforce using AI to automate supplier management.
Lio, formerly askLio, develops an advanced AI procurement workforce operating as a multi-agent system. Its core product autonomously manages every purchase request for enterprise clients, transforming traditional procurement processes. Leveraging sophisticated artificial intelligence agents, Lio automates workflows, significantly enhancing efficiency and strategic value in purchasing operations.
The company was co-founded by Vladimir Keil, Lukas Heinzmann, Matty Driesnack, and David Köthnig. This team consists of experienced AI engineers with backgrounds from Silicon Valley and SAP. CEO Vladimir Keil and his co-founders recognized AI's profound potential to automate and redefine complex procurement, an insight leading to their Y Combinator S23 batch participation.
The platform primarily serves enterprise companies globally, providing an intelligent workforce to streamline and optimize purchasing activities. Lio's vision is to pioneer agent-operated procurement, establishing a novel 'agent operating system' for the function. The company aims to empower organizations with an AI workforce that drives intelligent, future-forward strategies.
Lio has raised $65.0M across 3 funding rounds.
Lio has raised $65.0M in total across 3 funding rounds.
Lio has raised $65.0M in total across 3 funding rounds.
Lio's investors include Seema Amble, Harry Stebbings, SV Angel, YC, Lightspeed Venture Partners, Peak XV Partners (Sequoia Capital India), 5Y Capital, Alkeon Capital, Lightspeed India Partners, Tiger Global Management, Akshay Bhushan, Andreessen Horowitz.
Lio is a private enterprise-software company that builds no-code/low-code, AI-enabled custom enterprise apps and workflows for businesses, with a focus on rapid deployment and mobile-native experiences. [4][1]
High-Level Overview
Lio builds a no-code/low-code platform and delivery service that produces custom enterprise mobile and web apps quickly (advertised “under 7 days”) and with built-in AI capabilities to automate document extraction, analytics and workflow tasks for teams and SMBs[4].The product targets enterprises, SMBs and functional teams across insurance, manufacturing, logistics, hospitality and similar verticals that need fast, low-cost digitization of processes and record-keeping—essentially business operators who want apps without hiring engineering teams[4][1].Lio’s solution solves operational friction such as manual record-keeping, slow claims or approvals, inventory and scheduling inefficiencies by delivering tailored apps, native mobile clients and AI-powered automation to reduce turnaround and ongoing development cost[4].Momentum indicators: Lio was founded in 2020 and (per business profiles) has raised seed-stage funding, has been used by 100+ customers, and markets itself on fast time-to-value and low monthly pricing—suggesting early commercial traction in enterprise SMB segments[1][4].
Origin Story
Lio was founded in 2020 as an enterprise-tech startup focused on simplifying data management and operational workflows for small businesses and teams[1].Founders’ names and detailed bios are not provided in the sources returned, but company materials emphasize a product-led + services approach (product experts building apps for customers) and rapid delivery using reusable “blocks.”[4][1]Early traction points include seed funding events in 2021 and gaining several dozen to 100+ customers across multiple sectors, which supported evolving from a simple mobile record-keeping tool into a platform offering AI-enabled automation and no-code builders[1][4].
Core Differentiators
Role in the Broader Tech Landscape
Lio rides the convergence of three trends: the democratization of app development via no-code/low-code platforms, increasing enterprise adoption of generative/ML-powered automation, and demand for fast, low-cost digitization among SMBs and deskless workers. [4]Timing matters because companies continue to prioritize automation and remote/mobile workflows while tight hiring budgets push teams to buy vendor-first solutions rather than build internally; Lio’s fast delivery and low-code model align with those market forces[4][1].By enabling non-engineering teams to deploy tailored apps quickly, Lio can accelerate digitization in verticals that have been slow to adopt modern tooling (e.g., logistics, field services, small insurers), and thus influence the ecosystem by expanding the addressable market for AI-enabled enterprise apps[4][1].
Quick Take & Future Outlook
What’s next: expect Lio to continue enhancing its AI capabilities (more advanced extraction, generative features for workflows), expand vertical templates, and extend partner/integration ecosystems (ERP, CRM, document stores) to increase adoption and upsell opportunities[4].Trends that will shape Lio’s path include wider enterprise trust in AI, competition from large no-code platforms and low-cost offshore development, and customers’ preference for platforms that combine rapid delivery with long-term maintainability and integrations[4][1].If Lio sustains product differentiation around rapid, AI-enabled native apps and builds a robust marketplace of blocks/integrations and channel partners, it can grow from a seeded startup into a go-to platform for SMB and departmental digitization; failure to do so would risk being displaced by larger low-code vendors or specialized vertical players[4][1].
If you’d like, I can:
Lio has raised $65.0M across 3 funding rounds. Most recently, it raised $30.0M Series A in March 2026.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 5, 2026 | $30.0M Series A | Seema Amble | Harry Stebbings, SV Angel, YC |
| Sep 1, 2021 | $5.0M Seed | Lightspeed Venture Partners, Peak XV Partners (Sequoia Capital India) | 5Y Capital, Alkeon Capital, Lightspeed India Partners, Tiger Global Management, Akshay Bhushan |
| $30.0M Lio raises $30M in series-a | Andreessen Horowitz |