Lio raises $30M from Andreessen Horowitz and others to automate enterprise procurement

Teona Gherasim

Lio’s co-founders know firsthand that procurement — the process enterprises use to purchase services from vendors — is often a bottleneck. Vladimir Keil, the company’s co-founder and CEO, had experienced this problem as an employee inside a large company and then again while building his first startup. “When we were selling enterprise software, we had to go through procurement ourselves and saw how manual and fragmented the process still is,” he told TechCrunch. Kiel and his team have built an

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