Frankfurt-based startup reimagines business intelligence with natural language-powered analytics
European small and medium-sized enterprises (SMEs) sit on vast amounts of untapped data — yet nearly 70% still lack access to modern business intelligence (BI) tools. Frankfurt-based Scavenger AI aims to change that with a new AI-driven platform that turns data access into a simple conversation.
The company has raised €2.5 million in seed funding, led by BMH Beteiligungs-Managementgesellschaft Hessen mbH (BMH), with participation from xdeck, public innovation funds, and existing investors High-Tech Gründerfonds (HTGF) and Calm/Storm Venture. The funds will be used to accelerate product development, scale across Europe, and capture a €2.45 billion market opportunity.
From Question to Answer — in Seconds
Founded by Felix Beissel and Maximilian Hahnenkamp (both recognized on Forbes 30 Under 30), Scavenger AI bridges the gap between data availability and data usability.
Many SMEs keep their operational, financial, and sales data scattered across systems like ERP, CRM, and SQL databases — often requiring IT expertise or lengthy reporting cycles to access.
Scavenger AI simplifies this by allowing employees to ask natural-language questions such as:
“How are our cost centers evolving?” or “Which projects are over budget and why?”
Within seconds, the system provides transparent and understandable answers — eliminating the need for dashboards, manual queries, or technical skills.
“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 Felix Beissel.
Developed for the Backbone of Europe: The Mittelstand
Scavenger AI’s platform is already in use by notable European companies such as Telekom, Mann & Schröder, and Wangen Pumpen, supporting them in making smarter, data-driven decisions.
Designed for the 98% of SMEs in the DACH region, Scavenger combines enterprise-grade analytics with full GDPR compliance, making it one of the few business intelligence tools built in Europe, for Europe.
“With Scavenger AI, we are investing in a founding team that understands the challenges of medium-sized companies very well,” says Sebastian Schnell, Senior Investment Manager at BMH.
“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.”
About Scavenger AI
Headquartered in Frankfurt, Scavenger AI redefines AI-driven business intelligence for Europe’s Mittelstand. Its proprietary semantic layer converts complex business data into precise, reproducible analyses through natural-language queries — all without dashboards or code.
Fully hosted in Europe and 100% GDPR-compliant, the platform empowers teams in sales, controlling, and production to make faster, smarter decisions through transparent AI insights.
Discover more: app.scavenger-ai.com
