SMEs don’t need more tools; they need answers. Scavenger AI delivers them by closing the 70% business intelligence (BI) gap with a natural-language platform that makes SME data analytics simple and human-friendly. Across Europe, small and mid-sized companies sit on mountains of untapped data. Still, insights remain locked behind technical barriers and missing data talent. Scavenger AI has raised €2.5 million in seed funding to make company data as easy to access as asking a question.
The round was led by BMH Beteiligungs-Managementgesellschaft Hessen mbH (BMH), with participation from xdeck, a public innovation fund, and existing Investors High-Tech Gründerfonds (HTGF) and Calm/Storm Ventures. The company will use the funds to address a €2.45 billion European market opportunity, accelerate product development, expand across Europe, and make enterprise-grade analytics accessible to every SME.
Making Enterprise Data as Simple as Asking a Question:
Founded by Felix Beissel and Maximilian Hahnenkamp (Forbes 30 Under 30), Scavenger addresses the biggest pain point of many companies: the gap between data availability and data usability. Many businesses rely on multiple systems (ERP, CRM, SQL databases) to store their information, but accessing this data requires technical skills or long waits from IT teams. Scavenger AI turns every employee into a data analyst. Across finance, operations, and sales, it’s replacing spreadsheets and dashboards with one simple interface. Teams no longer dig through systems or wait for reports; they just ask, “How are cost centers trending?” or “Which projects are off budget and why?” Scavenger answers in seconds, with full transparency.
“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.
Built for Europe’s Backbone – SMEs:
Scavenger already fuels data intelligence at leading companies, including Telekom, Mann & Schröder, and Wangen Pumpen. Built in Europe for European businesses, Scavenger stands apart from U.S. BI tools. Designed for the 98% of SMEs in the DACH region, it combines enterprise-grade analytics with GDPR compliance, delivering a type of business intelligence that has never existed in the European SME market before.
“With Scavenger AI, we are investing in a founding team with a strong understanding of the challenges faced by medium-sized companies. The solution enables the efficient use and protection of data, increases productivity and competitiveness, and thus plays a key role in the digital transformation of these companies, with clear scaling potential,” says Sebastian Schnell, Senior Investment Manager at BMH.
About Scavenger AI:
Scavenger AI is a Frankfurt-based software company that pioneers AI-powered business intelligence for Europe’s mid-market. Moreover, its proprietary semantic layer translates complex company data into precise and reproducible analyses through natural language queries, thereby enabling decision-making without the need for dashboards or code. In addition, the platform is hosted entirely in Europe and is fully GDPR-compliant, thus serving leading mid-sized companies across Sales, Controlling, and Production.
About BMH:
BMH Beteiligungs-Managementgesellschaft Hessen mbH is a medium-sized investment and venture capital company based in Wiesbaden. Founded in 2001, it is a wholly owned subsidiary of Landesbank Hessen-Thüringen Girozentrale (Helaba). Since then, BMH has invested in over 500 companies, demonstrating its strong commitment to supporting innovation and growth. Moreover, the company’s investment focus encompasses software and analytics, fintech/insuretech, life sciences, deep tech, IoT/industrial tech, and cleantech sectors.
About HTGF – High-Tech Gründerfonds:
HTGF is one of the leading and most active early-stage investors in Germany and Europe, financing startups in the fields of Deep Tech, Industrial Tech, Climate Tech, Digital Tech, Life Sciences, and Chemistry. With its experienced investment team, HTGF therefore supports startups in all phases of their development into international market leaders. HTGF invests in pre-seed and seed phases and can participate significantly in later-stage financing rounds. Since its inception in 2005, HTGF has financed around 800 startups and achieved 200 successful exits. HTGF has a fund volume of over 2 billion euros.
