Andercore is expanding its AI-based industrial trade platform following a $40M Series B raise

Berlin-based Andercore has secured $40 million in a Series B funding round, combining equity and debt, to fuel its expansion across Europe. This significant investment, supported by existing investors Atomico and Project A, along with new participant Inven Capital and institutional financing from Commerzbank and KfW, brings Andercore's total funding to $75 million. The company's ambitious plan aims to modernize the global wholesale trade sector, a crucial but often inefficient component of industrial supply chains. Andercore's AI-enabled platform addresses the inefficiencies prevalent in industrial supply chains, such as manual processes, fragmented workflows, and high transaction costs. Initially targeting categories like infrastructure, energy, and building materials, the company leverages its proprietary AI to optimize cross-border trade in physical goods. This asset-light, end-to-end model encompasses pricing, quoting, quality assurance, distribution, and embedded financing, facilitating thousands of monthly transactions across seven European markets. The impact of Andercore's innovation is far-reaching, offering tangible benefits to both industrial buyers and international suppliers. Buyers experience faster quotes, improved pricing, and streamlined execution, while suppliers gain a reliable partner for consistent demand, expanded customer reach, prompt payment, and offloaded operational complexities. This expansion is poised to drive greater efficiency and digital transformation within Europe's industrial sectors. With this new capital, Andercore is set to accelerate its geographic reach, broaden its category coverage, and enhance its AI capabilities. The company's long-term vision includes enabling direct supplier sales through its system, ultimately integrating supply, demand, and financing into a unified digital environment, further bolstering European digital sovereignty in industrial trade.