Eluvium 🇬🇧

Pre-seed

AI procurement network that finds indirect-spend savings and automates sourcing with RFQ agents. London.

About Eluvium

Eluvium offers an AI-driven procurement network that analyzes indirect spend to identify savings opportunities and automates the sourcing process through AI agents that generate RFQs, engage suppliers, and evaluate bids. The platform aggregates buying power across its member network, enhancing pricing intelligence and supplier access to optimize procurement strategies.

Eluvium is a UK-based company founded in 2023, now around 8 people. FundFinder classes it as AI & ML.

Founded by Sean Yu (Co-Founder & CEO; repeat founder; previously Andesite, LLC, Boehringer Ingelheim; Boğaziçi University), Güven Candoğan (Co-Founder & CTO; previously Bloomberg, Building Radar; Technical University of Munich).

Its investors also appear on FundFinder's most-active lists for Pre-seed · B2B (72 funds), Pre-seed · AI (60 funds), Pre-seed · Fintech (59 funds).

Company facts from Harmonic and public filings; team backgrounds from public profiles. Refreshed weekly.

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Pre-seed · Feb 2025

Investors2V212 VC

212 VC — 212 is a B2B tech VC founded in Istanbul in 2011 and based in Luxembourg, with a presence in London, Doha, Dubai and San Francisco.

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