Qorelo raises $3.5 million

Just five months after its founding, the Berlin-based enterprise software startup Qorelo has secured $3.5 million in seed funding. The round is co-led by HPI Ventures and Caesar Ventures. Other participants include 10x Founders, Antler, Adesso Ventures, and Angel Invest.

The company plans to use the fresh capital to further develop its AI platform and expand its team. The goal is to make the modernization of ERP systems significantly faster, more affordable, and more predictable.

SAP migration is becoming a billion-dollar market

Hardly any other enterprise software shapes the global economy as much as SAP. Around 90 percent of Fortune 500 companies use SAP systems, and according to the company, more than three-quarters of all global business transactions touch an SAP infrastructure at some point.

At the same time, thousands of companies are facing one of the largest IT transformations of the past decades. SAP requires its customers to migrate to the new S/4HANA platform by 2027 at the latest. The pressure is enormous. Currently, around 35,000 companies worldwide are in the midst of such transformation projects. Since these often take between 18 and 36 months, the demand for experienced consultants and implementation teams is skyrocketing.

Why ERP Projects Often Fail

ERP migrations are considered one of the most challenging tasks in enterprise IT. Studies show that only a small fraction of projects are completed within the planned timeframe. Budget overruns, delays, and quality issues are a daily reality for many large-scale projects.

The so-called scoping and analysis phase is particularly critical. Here, existing processes must be documented, requirements identified, and complex system landscapes analyzed—tasks that have traditionally been performed manually and heavily relied on specialized consultants.

AI as an intelligence layer for ERP transformations

The startup is developing an AI-based platform that automates large parts of the functional project work. The software analyzes existing ERP landscapes, documents requirements, structures transformation projects, and creates a central knowledge base for all stakeholders.

According to the startup, this can reduce project durations by up to 45 percent. At the same time, Qorelo aims to prevent valuable knowledge from being lost after a migration is complete. Instead of one-off transformation projects, a permanent optimization platform is created that supports companies in the long-term development of their ERP systems.

First major client already on board

Even more remarkable than the funding round is the speed with which Qorelo has been able to attract its first corporate clients.

Its references already include the automotive group Mercedes-Benz, which uses the platform for both ongoing transformation projects and operational processes. For investors, this is seen as a strong signal of market demand and the young team’s ability to execute.

The Founding Team & Investor Comments

Behind Qorelo is an exceptionally young founding team. CEO Nicholas Torabi was already deeply involved with ERP systems as a teenager, later founded his own AI services company, and gained experience in the venture capital sector.

Co-founder Louis Schmidlin previously worked as an SAP consultant at Deloitte and has firsthand knowledge of the challenges of large ERP projects. CTO Marino Kurtović brings experience from companies such as Amazon and Meta.

For investors, the main appeal lies in the size of the market. The global market for SAP transformation and optimization services was estimated at around $44 billion in 2025 and could grow to around $70 billion by 2030. Since qualified consultants are in short supply and migration pressure is increasing, many market observers see AI-powered solutions as a key lever for addressing this challenge.

Qorelo positions itself not as just another AI tool, but as a central intelligence layer for ERP transformations, and could thus enter a multi-billion-dollar market at exactly the right time.