Lio, a New York–based AI company building an agentic platform for enterprise procurement, has raised $30 million in Series A funding, bringing its total funding to $33 million.
Investors
The round was led by Andreessen Horowitz (a16z), with participation from SV Angels, Harry Stebbings, and Y Combinator.
Andreessen Horowitz (a16z) is a venture capital firm that backs bold entrepreneurs shaping the future through technology. Founded in 2009, the firm manages multiple funds across stages, sectors, and geographies, with over $46 billion in committed capital. a16z invests in seed- to growth-stage companies across AI, bio + healthcare, consumer, crypto, enterprise, fintech, gaming, infrastructure, and companies building toward American dynamism.
Lio Use of Funds
The company will use the funding to accelerate product development and support its expansion into the United States.
About Lio
Founded by CEO Vlad Keil, Lio (formerly known as askLio) is developing an agentic AI platform designed to automate procurement and purchasing. The platform provides enterprises with a virtual, agentic procurement department. Its agents function as a procurement workforce, executing workflows such as request triage, supplier comparison, negotiation, vendor onboarding, and purchasing across enterprise systems. Since its launch in 2023, the platform has managed billions of dollars in enterprise spend and is used by Global 2000 and Fortune 500 companies, including Munich Re, Brose, and Novozymes.
Funding Details
Company: Lio Technologies, Inc.
Raised: $30.0M
Round: Series A
Funding Date: March 2026
Lead Investor: Andreessen Horowitz (a16z)
Additional Investors: SV Angels, Harry Stebbings, Y Combinator
Company Website: https://lio.ai/
Software Category: AI Procurement / Agentic AI Platform
Source: https://lio.ai/newsroom/lio-technologies-raises-30m-series-a-to-bring-agentic-ai-to-enterprise-procurement