Andreessen Horowitz (a16z) · 2026-03-05
· 91d
a16z Leads Lio's $30M Series A: AI-Powered Enterprise Procurement
Andreessen Horowitz leads a $30M Series A funding round for Lio, an AI-powered procurement platform that automates enterprise purchasing workflows. The platform enables employees to complete purchases in two clicks, delivering 85% reduction in manual work and 10% additional savings across 100+ Fortune 500 clients globally.
Metrics in this report
Customer Retention Rate
100%
reported
Lio customers
Global Customer Base
100+clients
minimum
Including Fortune 500 companies
Manual Work Reduction
85%
median
for procurement buyers using Lio
Procurement Savings Improvement
10%
median
additional savings captured with Lio
Series A Funding Amount
30M USD
total
Lio funding round led by a16z
User Adoption Rate
95%
median
Lio platform adoption