Scavenger AI, a European artificial intelligence company, secured €2.5 million in seed funding to simplify access to business data for small and medium-sized enterprises. The round was led by BMH Beteiligungs-Managementgesellschaft Hessen mbH (BMH), joined by xdeck, a public innovation fund, and existing investors High-Tech Gründerfonds (HTGF) and Calm/Storm Venture. The investment will support expansion across Europe, accelerate product development, and address a market potential estimated at €2.45 billion.
Founded by Felix Beissel and Maximilian Hahnenkamp (Forbes 30 Under 30), Scavenger AI focuses on closing the gap between data availability and data usability in European businesses. Many organizations store critical information in ERP, CRM, or SQL systems, yet retrieving insights often requires technical expertise or IT delays. Scavenger AI enables instant access to structured data through natural-language queries, allowing staff in finance, operations, or sales to obtain answers immediately without coding or waiting for reports.
"Our goal is simple: Every employee should be able to make data-based decisions without writing a single line of code," says co-founder Maximilian Hahnenkamp. "We are the European counter-model to the US tech companies. Europe's SMEs deserve AI that is secure, explainable and adapted to their needs, not an inscrutable black box approach," adds co-founder Felix Beissel.
Scavenger AI already supports organizations such as Telekom, Mann & Schröder, and Wangen Pumpen in optimizing data usage. Developed within Europe specifically for European SMEs, the platform combines advanced analytics capabilities with full GDPR compliance, setting a new standard for accessible and secure business intelligence.
"With Scavenger AI, we are investing in a founding team that understands the challenges of medium-sized companies exactly. The solution enables the efficient use and protection of data, increases productivity and competitiveness, and thus makes a decisive contribution to digital transformation - with clear scaling potential," says Sebastian Schnell, Senior Investment Manager at BMH.