Agenivo builds the infrastructure European enterprises need to deploy AI agents compliantly and sovereignly. Qualified investors find our thesis, current KPIs and the path to Series A here.
14:23:14Term sheet — strategic industry partnerwk 18
14:21:02NRR cohort Q1 publishedwk 17
14:19:48Custos module · GDPR audit passedwk 15
14:18:33Q1 report sent to seed investorswk 14
Investment thesis
Three reasons why now is the right moment.
We're not the next frontier lab. Agenivo is the application layer between US foundation models and European compliance — the layer mid-market and enterprise need before AI goes into production.
01
Digital sovereignty is mandatory
EU AI Act, GDPR and NIS2 pressure force European enterprises to stop wiring AI directly into US APIs. Agenivo becomes the pre-LLM layer for routing, redaction and audit.
EU hosting in Frankfurt, German GmbH/AG structure
Custos module audits every token before & after LLM
Contract stack under GDPR Art. 28 from day one
02
Growth that compounds itself
Every deployed agent produces skills, knowledge and conversation data reused inside the same tenant. NRR > 120% is architecture, not marketing.
Multi-channel, multi-skill, multi-tenant platform
Growth from existing customers, not expensive acquisition
Partner channel scales sales without SDR headcount
03
Trust is the real moat
Foundation models are interchangeable. The frame in which a board is willing to deploy AI on its own customers is not. That frame is what we ship.
Made in Germany — felt in every sales cycle
Compliance-by-design, not compliance-by-audit
Founder-led, long-term, no VC crash course
"We are not investing in another chatbot vendor. We are investing in the layer without which European enterprises cannot deploy AI at all."
DH
Dr. Henrik Lehmann
Lead Investor · Seed round 2025
Traction
KPIs that go deeper under NDA
What you see here is the public summary of our quarterly KPIs. Audit trail, cohort analyses and full P&L are shared with qualified investors after NDA.
As of Q1 2026 · Q2 numbers planned for publication on 31 July 2026.
+318%
4.2× YoY
ARR growth
Last 12 months, organic, no inorganic effects.
+24 in Q1
70+
active DACH customers
Mid-market, three enterprises and two public-sector pilots.
Q1 124%
> 120%
Net Revenue Retention
Existing customers grow faster than churn costs us.
top quartile
0.7
burn multiple
Efficient growth — every euro of burn turns into €1.40 ARR.
ARR — indexed
ARR trajectory · indexed (Q1 2024 = 100)
CAGR · 24M+147 %
Q1 24Q2 24Q3 24Q4 24Q1 25Q2 25Q3 25Q4 25Q1 26
Roadmap
From workshop MVP to European platform
Six milestones, four delivered. The next two decide whether we enter 2027 as a Series A company or as a bootstrapped outlier.
Q4 2023shipped
Incorporation & technical foundation
Incorporated in Berlin, first architectural decision for multi-tenant platform with pgvector and row-level security.
Q2 2024shipped
MVP & design-partner program
Live with three paying mid-market design partners. First skills for customer service, booking and lead qualification.
Q3 2025closed
Seed round · 7-figure
Oversubscribed. Led by a German industrial investor with two SaaS-exit angels. Runway through Q1 2027.
Q1 2026live
Custos · EU AI Act module
Auditable policy engine for redaction, routing and sealing. First public-sector pilots and a DAX customer in production.
Q3 2026in progress
ISO 27001 & SOC 2 Type II
Certification under way. SoA approved, external penetration test commissioned. Audit closes end of year.
2027in preparation
Series A · DACH+EU expansion
Planned size in the low double-digit millions. Use of proceeds: sales France/Netherlands, enterprise compliance, voice platform.
Cap table & funding
Founder-led, cleanly structured, Series-A ready
We have only diluted once on purpose and continue to run the company operationally. That creates the frame in which growth decisions can be made for the long term.
Bootstrap
closed
2023 – 2024
Volumen
founder capital
Lead
Founders & operational cash flow
Use of Proceeds
MVP, first customers, technical foundation.
Seed
closed
Q3 2025
Volumen
7-figure (oversubscribed)
Lead
Strategic industrial investor + 2 angels
Use of Proceeds
Platform hardening, Custos module, DACH sales.
Series A
planned
Q4 2026 / Q1 2027
Volumen
low double-digit millions
Lead
Lead investor in conversations
Use of Proceeds
EU internationalisation, enterprise compliance, voice.
Investor documents
What you can read before the first call
Public documents are a preview of the full data room. Deeper materials — cohorts, P&L, contract stack — are unlocked within 48 hours after NDA.
We build a company we want to see in ten years. That shapes every structural decision — from DPA templates to advisory board composition.
External audit
Semi-annual statements audited by a German top-10 firm. Full statements including notes in the data room.
EU AI Act · GDPR · ISO 27001
Platform compliance is not an add-on but architecture. The Custos module audits every productive flow.
Security architecture
Row-level security, EU hosting, sub-processor list. Penetration tests every six months, internal and external.
Advisory board
Four-person board from industry, law and public sector. Quarterly reviews, clear escalation paths.
Q&A · Investoren01 → 08
Because the regulatory wave (EU AI Act, NIS2) is hitting European mid-market right now. Whoever takes share in the next 18 months keeps it for ten years. We want to ride the wave, not chase it.