Scavenger AI will make Europe’s SMEs data-fit - secured 2.5 million euro seed funding
Frankfurt, 30.10.2025 - European SMEs sit on huge amounts of data. They do not need more tools; they need answers. Around 70% of SMEs still do not use a modern business intelligence solution. Scavenger AI aims to change that: with an AI platform that makes accessing company data as easy as asking a question.
The €2.5 million seed funding round was led by BMH Beteiligungs-Managementgesellschaft Hessen mbH (BMH), with participation from xdeck, a public innovation fund, as well as existing investors High-Tech Gründerfonds (HTGF) and Calm/Storm Venture. With the capital, the company aims to address a market potential of around €2.45 billion in Europe, accelerate product development, and expand across Europe.
Data analysis reimagined: From question to answer - in seconds
Founded by Felix Beissel and Maximilian Hahnenkamp (Forbes 30 Under 30), Scavenger addresses one of the biggest problems many companies face: the gap between data availability and data usage. Many companies store their information in different systems (ERP, CRM, SQL databases), but accessing it requires technical know-how or IT waiting times. Scavenger AI turns every employee into a data analyst.
Whether in finance, operations, or sales, Scavenger AI transforms tables and dashboards through a simple interface. Teams no longer have to search for data or wait for reports; they simply ask: “How are our cost centers evolving?” or “Which projects are over budget and why?” Scavenger delivers the answer in seconds, transparently and understandably.
“Our goal is simple: Every employee should be able to make data-driven decisions without writing a single line of code,” says co-founder Maximilian Hahnenkamp. “We are the European counter-model to US tech companies. European SMEs deserve AI that is safe, explainable, and tailored to their needs, not an opaque black box approach,” adds co-founder Felix Beissel.
Developed for the Backbone of Europe: the Mittelstand
Scavenger is already supporting leading companies like Telekom, Mann & Schröder, and Wangen Pumpen in the smart use of data. Developed in Europe for European companies, Scavenger stands out from US BI tools. Designed for the 98% of SMEs in the DACH region, it combines enterprise-level analytics with GDPR compliance, thereby providing a form of business intelligence that has not existed in this form within the European Mittelstand.
„With Scavenger AI, we are investing in a founding team that understands the challenges of medium-sized companies very well. The solution enables 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.
About Scavenger AI
Scavenger AI is a software company based in Frankfurt that redefines AI-supported business intelligence for the European Mittelstand. The proprietary semantic layer translates complex business data into precise, reproducible analyses through simple language queries, without dashboards or code. Fully hosted in Europe and GDPR-compliant, Scavenger AI supports leading medium-sized companies in sales, controlling, and production with data-based decisions.
Software: app.scavenger-ai.com
About BMH
The BMH Beteiligungs-Managementgesellschaft Hessen mbH, based in Wiesbaden, was founded in 2001 and is a wholly-owned subsidiary of Landesbank Hessen-Thüringen Girozentrale (Helaba). The medium-sized investment and venture capital company currently manages six investment funds with a volume of over 200 million euros. Since its inception, BMH has invested in more than 500 companies. Its investment focuses include sectors such as Software/Analytics, Fintech/Insuretech, Life Science, Deep Tech, IoT/IndustrialTech, and Cleantech.
