HPVC backs Qorelo to accelerate Enterprise Tech Stack Modernization

Fundraising

SaaS

Future of Work

Qorelo has raised $3.5M, just five months after being founded, to build the AI layer for modern SAP transformation. HPI Ventures co-led the round.

The problem

SAP runs the backbone of the world's largest companies, and by 2027 tens of thousands of them are required to move onto S/4HANA. Only 8% of these migrations finish on time, and more than 60% run over budget, schedule, or quality. The work behind every program, discovery, fit gap analysis, documentation, configuration, is still done by hand, session by session, and depends on a shrinking pool of expensive SAP experts.

Modernizing the enterprise tech stack is one of the hardest problems on any CIO's desk. These are multi-year programs where most of the risk and cost sits in slow, manual, expert-dependent work.

What Qorelo does

Qorelo is the AI companion that carries enterprises and their consultants through it: turning fragmented discovery and scoping into structured, traceable progress, while keeping people in control. 14 specialist agents work every phase of a SAP transformation, from pre sales through discovery, prepare, explore, realize, deploy, and run, all on one shared knowledge base.

SAP is the entry wedge. It's where modernization is hardest, the stakes are highest, and the natural beachhead into the wider transformation that follows. Their product moves partners from ECC to S/4HANA up to 45% faster and stays embedded after go-live to continuously optimize toward a modern architecture that proactively improves itself.

The impact is concrete: transformations move up to 45% faster end to end, measured on the whole program and not a cherry picked task, with every decision documented and traceable back to its source. Mercedes Benz is already live on the platform, running both its transformation and its day to day operations through it.

Why HPI Ventures invested

The market opportunity is clear. But what truly gave us conviction was the team. Nicholas Torabi, Louis Schmidlin, and Marino Kurtović are true builders at heart. Despite their young age, they think and operate like category definers, combining deep technical craft with the ambition and hunger to build something that lasts. And they are already proving it: in a remarkably short time, they have won the trust of some of the most demanding enterprise customers in the world, supporting them through one of the most complex and high stakes transformations on their agenda.

Built for European enterprise

Qorelo is Berlin built, ISO 27001 certified, GDPR native, and an official SAP partner, exactly the credibility markers enterprise SAP teams look for before they trust a new tool with their transformation. It is exactly the kind of domain deep, workflow embedded enterprise AI that Europe is positioned to define.