Scavenger AI Secures €2.5M to Let Every Employee Talk to Their Company Data 

• €2.5 million seed funding led by BMH, with participation from HTGF, Calm/Storm Ventures, xdeck, and a public innovation grant 
• The Frankfurt startup builds a tool that lets any employee query quantitative company data instantly no coding or analytics skills required 
• Built specifically for Europe’s SMEs with GDPR certification, data transparency, and customizable AI models tailored  to each business 

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 data speak human. Across Europe, small and mid-sized companies sit on mountains of untapped data, but 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.

“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,” says, Max Bergmann, Investment Manager at HTGF.

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About Scavenger AI 
Scavenger AI 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, enabling decision-making without dashboards or code. Hosted entirely in Europe and fully GDPR-compliant, Scavenger AI serves leading mid-sized companies across Sales, Controlling, and Production.    

Website: www.scavenger-ai.com 
Software: app.scavenger-ai.com 

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 its inception, BMH has invested in over 500 companies. The company’s investment focus includes the software/analytics, fintech/insuretech, life sciences, deep tech, IoT/industrial tech and cleantech sectors.  

Website: www.bmh-hessen.de