Berlin’s Andercore secures €33.5 million to scale industrial trade platform across Europe

Berlin's Andercore secures substantial funding to enhance its AI-driven industrial trade platform, signalling a significant advancement in digitising complex B2B supply chains across Europe. This €33.5 million investment, a mix of equity and debt, will fuel geographic expansion and enrich the platform's capabilities, aiming to empower suppliers with direct selling opportunities through the system. The funding round was supported by existing partners Atomico and Project A, alongside new investor Inven Capital and institutional backing from Commerzbank and KfW, bringing Andercore's total raised capital to €62 million. Andercore's proprietary AI platform is designed to inject prediction, discipline, and speed into traditionally manual supply chain processes. By offering buyers faster quotes, improved pricing, and seamless execution across intricate industrial categories, and by providing suppliers with consistent demand, expanded customer reach, and prompt payment, the platform aims to revolutionise cross-border industrial trade. The company's focus on categories like infrastructure, energy, and building materials, which represent billions in annual European demand, highlights its strategic approach to modernising the wholesale market. This significant investment in Andercore aligns with a broader European trend of increased funding for AI-enabled platforms that digitise and streamline previously fragmented and manual markets. Similar recent funding rounds, such as those for energy transaction platform tem and energy/water data specialist metiundo, demonstrate a growing investor appetite for technologies that bring automation and efficiency to industrial and infrastructure-related sectors. These developments underscore Europe's commitment to fostering digital sovereignty and innovation within its core economic industries.