ScavengerAI raises €2.5M to make company data talk
The Frankfurt-based AI startup ScavengerAI, an alumnus of the hessian.AI accelerator program RISING, has secured €2.5 million in seed funding to make business data as easy to access as asking a question. The round was led by BMH Beteiligungs-Managementgesellschaft Hessen mbH (BMH), with participation from High-Tech Gründerfonds (HTGF), Calm/Storm Ventures, xdeck, and a public innovation grant.
ScavengerAI builds an AI-powered tool that allows any employee to query company data in natural language — no coding or analytics skills required. Targeting Europe’s small and mid-sized enterprises (SMEs), the company aims to close the 70% business intelligence gap by making data accessible, transparent, and GDPR-compliant.
“Our goal is simple: any employee should be able to make smart, data-driven decisions without needing to write a single line of code,” says co-founder Maximilian Hahnenkamp. “We are the European counter-model to the U.S. tech companies. Europe’s SMEs deserve AI that’s secure, explainable, and built around their needs, not a black box,” adds co-founder Felix Beissel.
The fresh funding will accelerate product development, drive European expansion, and open up a €2.45 billion market opportunity. Already, companies such as Telekom, Mann & Schröder, and Wangen Pumpen rely on ScavengerAI to unlock actionable insights across departments like finance, operations, and sales.
About ScavengerAI
ScavengerAI is a Frankfurt-based software company pioneering AI-powered business intelligence for Europe’s mid-market. Its proprietary semantic layer translates complex company data into precise, reproducible analyses through natural language queries — eliminating the need for dashboards or code. Fully hosted in Europe and GDPR-compliant, ScavengerAI serves leading SMEs across Sales, Controlling, and Production.
Website: www.scavenger-ai.com
Software: app.scavenger-ai.com
The startup was named Top Startup of the Year in the category “Innovation Excellence – Best AI Adaption for the Market” as part of the newly released AI Startup Landscape Hesse 2025 (by hessian.AI). In addition, ScavengerAI received the prestigious “Best of AI” Award 2025 from Capital Magazine, presented in cooperation with the AppliedAI Institute for Europe and Odgers Berndtson. The successful funding round marks another major achievement this year for ScavengerAI.
About the accelerator program RISING by hessian.AI | AI Startup Rising
RISING is a tailored 3-month accelerator program aiming to support a limited number of startups with an AI-centric business model in their scale-up stage.
RISING runs once a year and offers qualified support in all areas of the growth process, including workshops, coaching, targeted advice, a prize money per team, support in public relations and recruitment, and networking with hessian.AI partners, mentors, and investors.
