Lio
YC S23BY, DE · Founded 2023 · 80 employees · 2 known investors
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Daan Boekhoudtunlockedknows Lukas Heinzmann · together at Technical University of Munich
×2knows the team · via UC Santa Barbara
×8knows the team · via Y Combinator
knows the team · via Ludwig-Maximilians-Universität München
askLio is an AI-powered procurement platform that allows employees to request goods and services using natural language, automating the sourcing, negotiation, and execution of purchases. The platform serves enterprise employees and procurement teams across industries to reduce administrative burden and accelerate purchase cycles.
Also known as ask Lio · askLio · Trado
Founders & leadership· Y Combinator alumni (S23)
Lio was founded in 2023 by Vlad Keil, Lukas Heinzmann, and Till Wagner.
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Lukas Heinzmannin𝕏Co-Founder and CTO (Managing Director)Lukas Heinzmann holds a Master's degree in AI/ML from TUM and previously worked as a technical lead at an AI/ML startup acquired by Audi, where he led development on the myAudi app. He co-founded Gabriel AI, a fraud prevention company, before starting Lio.
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Till WagnerinCo-founder · Chief Operating Officer (COO)He has prior experience in web and app design at several AI startups, including one in San Francisco, along with operational and analytical work on projects at a major Deloitte client in Germany. He previously worked at SAP.
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Philipp KutschkerChief of Staff
Investors · 2
Funding
SEC filings, press & company announcements$58.9M disclosed across 2 rounds · 2026
Source: company announcements and press reports — follow each round's link for the claim.
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Competitors · 5
by search overlapAtolio18 shared keywordsAtolio provides AI-powered enterprise search that lets employees ask questions of corporate knowledge and receive permission-aware answers across workplace apps like Slack, Google Workspace, Salesforce, and ServiceNow. It is fully self-hosted inside the customer's own cloud (AWS, Azure, GCP) or on-premises, and supports bring-your-own LLM options, targeting enterprises with strict security, compliance, and data residency requirements.</parameter>
<parameter name="sector_codes">["ai_ml", "enterprise", "saas"]
Toolio9 shared keywordsToolio provides retail merchandise planning software with AI-driven demand forecasting, scenario planning, assortment planning, and allocation, integrating merchandising, ERP, POS, and e-commerce data from systems like SAP, NetSuite, Snowflake, and BigQuery. It serves retail merchants, planners, and finance teams managing complex, multi-category assortments across many store locations.
Helio AI LLC8 shared keywordsHelio is an AI-powered recruitment platform that automates candidate sourcing, screening, and evaluation, combining hiring workflows, assessments, communication, and analytics in one system. It serves recruitment teams, hiring managers, and scaling organizations looking to reduce manual work and speed up hiring.
Elio8 shared keywordsElio develops adaptive sensors that enable AI systems to dynamically select information at variable resolutions and dimensions, giving machine intelligence direct perception capabilities for physical world applications.
Clio7 shared keywordsClio provides cloud-based legal practice management software and client communication tools for law firms to streamline operations and improve client service. The platform helps legal professionals manage cases, collaborate remotely, and deliver client-centered legal services.
Companies competing with Lio for the same Google search keywords, organic and paid, via search-intersection analysis.
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Frequently asked questions
- What does Lio do?
- askLio is an AI-powered procurement platform that allows employees to request goods and services using natural language, automating the sourcing, negotiation, and execution of purchases. The platform serves enterprise employees and procurement teams across industries to reduce administrative burden and accelerate purchase cycles.
- Who founded Lio?
- Lio was founded by Vlad Keil, Lukas Heinzmann, Till Wagner in 2023.
- Who are Lio's investors?
- Lio's investors include Y Combinator, Andreessen Horowitz.
- How much funding has Lio raised?
- Lio has disclosed $58.9M raised across 2 rounds.
- Where is Lio headquartered?
- Lio is headquartered in BY, DE.