Lio has raised $30 million led by Andreessen Horowitz to automate enterprise procurement using AI — adding institutional weight to a startup targeting one of the most friction-filled categories in enterprise software.
The a16z backing is significant. Marc Andreessen and Ben Horowitz have long believed that software eats every inefficient industry. Enterprise procurement — manual, approval-heavy, and surprisingly resistant to prior software generations — is a textbook candidate for the AI-native treatment Lio is delivering.
With the raise, Lio gains the capital to build deep integrations with ERP systems, accounts payable platforms, and procurement databases — the connective tissue that determines whether an AI procurement tool becomes indispensable or gets bypassed after the pilot.
