German AI analytics startup Scavenger AI has raised €2.5 million in a seed round led by BMH Beteiligungs-Management Hessen to speed up product development and expand throughout Europe.
- Established in 2023 by Maximilian Hahnenkamp and Felix Beissel, Scavenger AI develops software that allows companies to analyze their internal data without technical expertise.
- The platform connects to existing data sources, including ERP, CRM, and SQL systems, and lets users query information in natural language.
- The software first cleans and standardizes raw data for accuracy, then applies statistical models to identify patterns and trends, and finally presents actionable insights through visualizations such as charts, tables, or text. It supports role-based access and GDPR compliance, enabling employees across departments to make fast, data-driven decisions.
“Our goal is simple: any employee should be able to make smart, data-driven decisions without needing to write a single line of code," co-founder of Scavenger AI, Maximilian Hahnenkamp, commented.
- In 2024, the firm raised €1.1 million in a round led by HTGF, with participation from Calm/Storm Ventures, Femventix, and the B4i Fund, to develop its technology infrastructure and bring the product to market.
Details of the deal
- Scavenger AI’s €2.5 million seed round was led by BMH Beteiligungs-Managementgesellschaft Hessen (BMH), with participation from xdeck, and existing investors High-Tech Gründerfonds (HTGF) and Calm/Storm Ventures.
“Scavenger AI sets a new standard for data-driven decision-making in industry, by taking the speed and reliability of data analysis to an entirely new level. As the lead investor in the previous funding round, we were convinced early on that Scavenger AI could create substantial economic and social value for SMEs. We are excited to continue backing the team on this growth path," claims Max Bergmann, Investment Manager at HTGF.
- The firm plans to accelerate product development, expand its presence across Europe, and make enterprise-grade, AI-driven data analytics accessible to a broader range of SMEs.
