Agent F
AI-native ERP automating accounting, financial controlling, and planning for fast-growing companies.
Website: https://agent-f.ai/
Cover Block
Open sources
| Field | Value |
|---|---|
| Name | Agent F |
| Tagline | AI-native ERP automating accounting, financial controlling, and planning for fast-growing companies. |
| Headquarters | Berlin, Germany [Startbase, November 2026] |
| Founded | 2025 [Startbase, November 2026] |
| Stage | Pre-Seed [Tech.eu, November 2026] |
| Business Model | SaaS |
| Industry | Fintech |
| Technology | AI / Machine Learning |
| Geography | Western Europe |
| Growth Profile | Venture Scale |
| Founding Team | Solo Founder [LinkedIn, retrieved 2026] |
| Founder | Felix Schläger [LinkedIn, retrieved 2026] |
| Funding Label | Pre-seed [Tech.eu, November 2026] |
| Total Disclosed | $4,000,000 [Tech.eu, November 2026] |
Links
Open sources
- Website: https://agent-f.ai/
What an Investor Needs First
PUBLIC Agent F is a Berlin startup building an AI-native ERP for accounting, financial controlling, planning, and adjacent finance operations, and it merits attention now because it closed a $4 million pre-seed round in November 2026 to pursue a large, entrenched software category with a narrower initial wedge in fast-growing European companies [Tech.eu, November 2026] [Startbase, November 2026] [Startupcentrum, November 2026]. Founded in 2025 by Felix Schläger, the company is early but has already attracted backing from Alpha Edison, United Founders, Tiny Supercomputer Investment Company, and a syndicate of operators and angels that includes Julian Teicke and Jürgen Müller, according to public reporting and company-linked materials [Startbase, November 2026] [Tech.eu, November 2026] [The Delta, March 2026].
The product pitch is straightforward: Agent F aims to connect banking, payment, accounting, billing, operational, and people systems, then use AI agents to automate workflows, reporting, KPI tracking, and planning, with positioning that emphasizes adaptation to a customer's existing processes rather than forcing process change around a conventional ERP stack [Startupcentrum, November 2026] [Agent F]. Public materials also indicate a Europe-specific angle, including references to data residency, encryption, tax codes, reporting standards, and integrations such as DATEV, though most of that detail remains company-sourced and should be treated accordingly [Agent F] [Startbase, November 2026].
The team's public record is relevant, if still forming. Startbase reported that Schläger previously worked at Interactive Brokers developing database systems, while Tech.eu reported that CTO Paul Ohlhaut spent 12 years at Amazon, including time reporting directly to Jeff Bezos; Tech.eu also described the broader team as 10 people as of November 2026 [Startbase, November 2026] [Tech.eu, November 2026].
From an investor's perspective, the attraction is the combination of category size and timing: finance teams at scaling startups are under pressure to move past spreadsheets and fragmented tooling, and Agent F is presenting itself as the system layer for that transition [Tech.eu, November 2026] [The Delta, March 2026]. eu, November 2026] [Agent F].
Claim stands unchecked -- This section mixes independently reported funding and team facts from Tech.eu, Startbase, Startupcentrum, and The Delta with material product detail that remains primarily company-sourced.
Taxonomy Snapshot
| Axis | Value |
|---|---|
| Stage | Pre-Seed |
| Business Model | SaaS |
| Industry / Vertical | Fintech |
| Technology Type | AI / Machine Learning |
| Geography | Western Europe |
| Growth Profile | Venture Scale |
| Founding Team | Solo Founder |
| Funding | Pre-seed, total disclosed about $4,000,000 |
Inside the Company
PUBLIC
The public record on Agent F is still thin, which is typical for a company this early. What is clear is the core frame: Agent F is a Berlin-based company founded in 2025, and it describes itself on its website as an "AI-native ERP" for businesses that want finance systems to adapt to existing workflows rather than force a process reset [Crunchbase] [Agent F].
Crunchbase lists the company as Agent F and places it in Berlin, Germany, while the company website presents the same product positioning and states that the product is built for European startups and SMEs, with references to local data residency, encryption, tax codes, and reporting standards [Crunchbase] [Agent F]. No state filing or equivalent public corporate registry evidence was provided in the source set for the legal entity name, so the cleaner read is to stick to the operating brand visible in public materials [Agent F].
The milestone sequence is straightforward. The company was founded in 2025, surfaced publicly by March 2026 through The Delta's announcement of the business, and by November 2026 had disclosed a $4 million pre-seed round led by Alpha Edison, according to multiple news reports and the Crunchbase profile [Crunchbase] [Agent F]. On its own site, Agent F also points to product-level milestones such as its "ERP Factory" configuration layer and custom demos that run on a slice of a prospective customer's finance data, which suggests the company is trying to shorten implementation friction early in its go-to-market motion [Agent F].
Partially corroborated -- Confirmed in part by Crunchbase and the company website; legal entity details were not corroborated by a state filing in the provided sources.
Under the Hood
Reported and inferred
Agent F is making a specific product bet: finance software should conform to operating reality, not force a company into a rigid ERP template. Public company materials describe the product as an "AI-native ERP" that automates accounting, financial controlling, planning, and related finance operations for growing companies [Agent F] [Startbase, November 2026] [Startupcentrum, November 2026]. The reported system connects banking, payment, accounting, billing, operational, and people systems, then uses AI agents to handle workflows, reporting, KPI tracking, and planning tasks [Startupcentrum, November 2026] [The Delta, March 2026].
The product surface that appears consistently across sources is broad for a company at this stage, but the evidence base is uneven. On its website, Agent F says the platform is built for European startups and SMEs, with attention to data residency, encryption, tax codes, and reporting standards, and that companies can configure the system through an "ERP Factory" layer tailored to their needs [Agent F]. The same site says prospective customers can run a custom demo against a slice of their own finance data [Agent F]. Separately, public LinkedIn posts indicate the company has discussed a token spend tracking module for AI costs and that its "ERP Factory" is live with customers, though those claims remain company-adjacent rather than independently verified reporting [LinkedIn, retrieved 2026].
A few implementation details are visible, and they matter because they shape the product's defensibility. Public materials point to integrations with banks, payment service providers, accounting systems, and DATEV, which is a practical requirement for German finance teams rather than a cosmetic feature set [Agent F] [Startupcentrum, November 2026]. A founder LinkedIn post also references using a local Claude model on sensitive financial data that does not leave the company environment, suggesting at least part of the product philosophy favors privacy-preserving AI workflows, although that should be read as a founder-level operating signal rather than a fully documented architecture claim [LinkedIn, retrieved 2026].
Claim stands unchecked -- Core product descriptions are corroborated by company materials and press, but several material feature claims rely on company-controlled sources or LinkedIn posts rather than independent verification.
Market Research
Open sources The market matters now because European startups are colliding with a familiar scaling problem, finance complexity rises faster than headcount, while AI tooling has become credible enough to promise automation beyond point workflows [Tech.eu, November 2026] [Startupcentrum, November 2026].
The public evidence on Agent F's addressable market is narrower than the rhetoric around ERP, and that distinction matters. The company is positioned for fast-growing European startups and SMEs, with an initial focus on German technology companies at Series A and beyond, according to available reporting and company-linked materials [Tech.eu, November 2026] [The Delta, March 2026]. The Delta's March 2026 post frames the broader incumbent ERP category as a "$223 billion monopoly," but that figure should be read as an analogous market reference rather than Agent F's directly serviceable market, because the available public sources do not provide a third-party TAM, SAM, or SOM specific to AI-native finance ERP for European venture-backed companies [The Delta, March 2026].
The practical demand driver is less ERP replacement in the abstract and more administrative overload in growing companies. Tech.eu quoted the problem in blunt terms, calling admin "Europe's growth tax," while Startbase and Startupcentrum described Agent F's product around accounting, controlling, planning, and system integration, all functions that tend to fracture once a company outgrows spreadsheets and basic finance tooling [Tech.eu, November 2026] [Startbase, November 2026] [Startupcentrum, November 2026]. The market signal here is that finance teams want consolidation across banks, payment providers, accounting systems, billing tools, and operational software, not just another reporting layer [Startupcentrum, November 2026] [Agent F].
Adjacent markets are visible even if the core category boundary is still forming. One substitute path is traditional ERP, which Agent F explicitly positions against, arguing that legacy systems force process standardization before value is realized [Agent F] [The Delta, March 2026]. Another adjacent path is the stack of accounting, FP&A, BI, and workflow products that companies already use in pieces, which is relevant because Agent F is presented as a system that connects those data sources and automates workflows across them rather than replacing every tool at once [Startupcentrum, November 2026] [Agent F].
Regulatory and macro forces appear to favor localized finance infrastructure, especially in Europe. Agent F says the product is purpose-built for European startups and SMEs, citing data residency, encryption, tax codes, and reporting standards, while also highlighting integrations with local finance systems such as DATEV [Agent F] [Startupcentrum, November 2026]. That does not prove product-market fit, but it does suggest that the company's initial wedge is tied to Europe's fragmented compliance environment, where regional specificity can matter as much as model quality.
| Market sizing claim | Figure | How to read it |
|---|---|---|
| Broader ERP category described by The Delta | $223B | Analogous market, not Agent F's verified TAM [The Delta, March 2026] |
| Agent F disclosed financing | $4M | Capital raised, included here as a signal of investor interest rather than market size [Tech.eu, November 2026] |
The table is directionally useful but thin. Public evidence supports a large adjacent software budget pool and a concrete buyer pain point, yet it does not support a precise market sizing model for Agent F's initial wedge from public sources alone.
Partially corroborated -- Market framing relies on named public reporting from Tech.eu, Startbase, Startupcentrum, and The Delta, but precise TAM/SAM/SOM data for Agent F's target segment is not independently published in the available sources.
Competition and Substitutes
MIXED Agent F is positioning itself against traditional ERP suites on one side and finance workflow point tools on the other, with the pitch that an AI-native control layer can adapt to how European startups already operate rather than forcing a process reset [Tech.eu, November 2026] [Startbase, November 2026] [Agent F].
The public record is thin on named direct competitors, so the clearest way to map the field is by category rather than by logo. At the incumbent end sit broad ERP and finance system vendors, most obviously SAP given investor Jürgen Müller’s background as former SAP CTO and technical advisor to Agent F [The Delta, March 2026] [LinkedIn, retrieved 2026]. Their advantage is depth, installed base, and compliance maturity. Their weakness, at least in the segment Agent F says it wants first, is implementation weight and the tendency to ask younger companies to conform to the software rather than the reverse [Agent F] [Tech.eu, November 2026].
A second group is made up of challengers in modern finance automation, planning, and accounting infrastructure. The available sources do not name them individually, so the comparison has to stay at the level the evidence supports. Here, Agent F appears to be competing for the budget line that would otherwise be split across accounting tools, planning software, reporting layers, and internal spreadsheet workflows, particularly once a company reaches Series A complexity and begins needing tighter KPI tracking and cross-system reporting [Tech.eu, November 2026] [Startupcentrum, November 2026]. A third group is the adjacent substitute set, internal finance teams running on spreadsheets, DATEV-connected accounting processes, and bespoke data pipelines. That substitute matters because doing nothing new is often cheaper than adopting a full system, especially before the pain of scale is acute [Startbase, November 2026] [Agent F].
The most credible edge visible today is not a proven distribution channel, because no public source confirms named customers or repeatable sales motion, but rather product framing plus network quality around the company. Agent F says it is purpose-built for European startups and SMEs, with attention to data residency, encryption, tax codes, and reporting standards, and it explicitly references connections into tools such as DATEV [Agent F] [Startbase, November 2026]. That matters in Germany, where finance system replacement usually breaks on local workflow detail before it breaks on model quality. The investor and advisor set also gives the company unusual early credibility for its size, with Alpha Edison leading the pre-seed round and figures linked to SAP, Amazon, n8n, and wefox around the cap table or team [Tech.eu, November 2026] [Startbase, November 2026]. Still, this edge looks perishable unless it converts into implementation data, references, and renewal proof. Product claims alone are easy for well-capitalized incumbents and adjacent finance software vendors to imitate.
The main exposure is straightforward. Incumbents already own the highest-stakes finance workloads at larger customers, and adjacent tools may be easier to adopt one workflow at a time than an AI-native ERP replacement. Agent F also does not appear, from the public record, to own a privileged channel such as a major accounting firm network, a bank distribution agreement, or a disclosed ecosystem partnership that could lower customer acquisition friction [Tech.eu, November 2026] [Startupcentrum, November 2026]. Even its strongest stated differentiators, custom demos on a slice of client finance data and locally handled sensitive diligence workflows, point to a high-touch sale that may help early conversion but can slow scaling if every deployment needs meaningful configuration [Agent F] [LinkedIn, retrieved 2026].
The most plausible 18-month scenario is that the category stays open in the startup and SME segment, with the near-term winner determined less by model novelty than by who can make implementation feel low-risk. If Agent F can turn its European configuration story into live references, DATEV-adjacent integrations, and a repeatable deployment motion, Agent F is the clearest winner if customers continue to prefer a unified finance operating layer over stitching together separate accounting, planning, and reporting products [Agent F] [Tech.eu, November 2026]. SAP is the likely loser if smaller European growth companies keep delaying heavyweight ERP adoption in favor of more adaptive systems [The Delta, March 2026] [Tech.eu, November 2026]. The reverse case is also visible: SAP and other incumbent-style platforms win if compliance, auditability, and partner-led deployment matter more than workflow flexibility, while Agent F loses ground if the market decides AI-native ERP is still too early for mission-critical finance operations.
Claim stands unchecked -- Core positioning and differentiation claims in this section rely materially on company and company-adjacent sources, with limited independent public corroboration beyond the funding and broad product description [Tech.eu, November 2026] [Startbase, November 2026] [Agent F].
Opportunity
PUBLIC
The prize here is unusually large for a company this early, because the target is not a single point tool but the operating system for how European growth companies record, explain, and plan their finances if AI-native ERP actually displaces spreadsheet-led finance stacks at the moment complexity starts to bite [Tech.eu, November 2026] [Startbase, November 2026] [The Delta, March 2026].
The headline opportunity is straightforward. If Agent F can become the default finance system for Series A and later European startups, especially in Germany where local accounting integrations such as DATEV matter, it could occupy a control point that sits above accounting, planning, reporting, and workflow automation rather than selling one narrow application [Startupcentrum, November 2026] [Agent F]. That outcome is reachable, not merely aspirational, because public reporting already places the company in a real wedge: fast-growing companies that have outgrown spreadsheets and fragmented tools, a founder with financial data systems experience, a reported CTO with deep operating background, and a fresh $4 million pre-seed round led by Alpha Edison to build out the product before larger incumbents fully reposition around AI-native workflows [Tech.eu, November 2026] [Startbase, November 2026].
A useful way to frame the upside is through a small number of scale paths rather than one monolithic success case.
| Scenario | What happens | Catalyst | Why it's plausible |
|---|---|---|---|
| Finance system of record for European scale-ups | Agent F wins the first serious budget line for companies moving beyond spreadsheets, then expands from accounting and controlling into planning and broader finance operations | A category-tipping set of reference customers among German technology companies at Series A and beyond, the segment the company is already targeting [Tech.eu, November 2026] [The Delta, March 2026] | The product is described as connecting banking, payments, accounting, billing, operational, and people systems into one finance workflow layer, which creates room for expansion if the first workflow lands [Startupcentrum, November 2026] [Agent F] |
| AI layer on top of legacy ERP in Europe | Agent F becomes the practical AI interface for companies that keep core systems but need faster reporting, KPI tracking, and planning automation | Successful deployment of connectors into systems including DATEV and related financial software, reducing rip-and-replace friction [Startupcentrum, November 2026] [Agent F] | The company already positions itself as software that adapts to business processes rather than forcing process change, which is a more feasible entry motion than full ERP replacement for many mid-market buyers [Agent F] [The Delta, March 2026] |
| Purpose-built controller for AI-first companies | Agent F captures a new workflow category by tracking AI token spend and embedding AI-cost governance directly into finance operations | Broader rollout of the token spend tracking module referenced in public LinkedIn activity, paired with growing CFO demand to monitor AI operating expense [LinkedIn, retrieved 2026] | If AI software spend becomes a distinct planning line item, the finance platform that measures it natively could win a modern budget that older ERP products did not design around [LinkedIn, retrieved 2026] [Tech.eu, November 2026] |
The compounding logic depends less on classic consumer network effects and more on workflow density. Each new system connection, each company-specific configuration through the reported "ERP Factory," and each planning or reporting workflow automated on top of that data should make the platform harder to remove, because finance teams rarely want to rebuild the connective tissue once bank data, payments, accounting, and KPI logic are mapped into one operating layer [Agent F] [Startupcentrum, November 2026]. Public signals are thin, but they point in the right direction: the company says custom demos can run on a slice of a prospect's own finance data, and LinkedIn posts indicate the ERP Factory is already live with customers, suggesting the sales motion is built around fast proof of value rather than abstract platform promises [Agent F] [LinkedIn, retrieved 2026]. If that holds, implementation itself becomes distribution, since every configured workflow creates another reason to add adjacent modules.
The size of the win is easiest to anchor against the category claim already circulating around the business. The Delta described the incumbent ERP market being challenged as a "$223 billion" monopoly frame, which is clearly advocacy from a studio backer rather than an independent market study, but it still signals the scale of the spend pool Agent F is trying to intercept [The Delta, March 2026]. On a scenario basis, not a forecast, if Agent F were to become a meaningful European control point for AI-native finance operations, the plausible value outcome is venture-scale rather than niche SaaS, because the revenue surface spans accounting automation, planning, reporting, and systems orchestration across a large installed base. The constraint in public evidence is not whether the market is large enough, it is whether the company can convert an early product thesis and one pre-seed round into repeatable adoption before incumbents and adjacent finance software vendors close the product gap [Tech.eu, November 2026] [Startbase, November 2026].
Claim stands unchecked -- This section relies on a mix of independently reported funding and team facts from Tech.eu and Startbase, plus company and LinkedIn product claims that remain lightly corroborated.
Sources
Open sources
[Tech.eu, November 2026] "Admin is Europe's growth tax": Agent F raises $4M to automate it away | https://tech.eu/2026/11/10/admin-is-europes-growth-tax-agent-f-raises-4m-to-automate-it-away/
[Startbase, November 2026] Agent F receives $4 million | https://www.startbase.com/news/agent-f-erhaelt-4-millionen-dollar
[Startupcentrum, November 2026] Agent F raises $4M | https://media.startupcentrum.com/en/agent-f-raises-4m/
[The Delta, March 2026] The Case for Agent F | Challenging a $223 Billion Monopoly to Engineer the AI-Native Enterprise | https://thedelta.io/blog/the-case-for-agent-f-challenging-a-223-billion-monopoly-to-engineer-the-ai-native-enterprise
[LinkedIn, retrieved 2026] Felix Schläger - Agent F | LinkedIn | https://www.linkedin.com/in/felixschlaeger/
Articles about Agent F
- The AI-Native ERP Built in Julian Teicke's Studio Lands Alpha Edison — The Berlin-based startup, built in The Delta studio, aims to replace traditional ERP systems that force process changes.