Germany’s Andercore, an AI-driven trade platform for industrial supply, has raised €33.5 million ($40 million) in equity and debt to expand its geographic footprint and deepen its category coverage, while supporting the long-term development of its AI platform to eventually allow suppliers to sell directly through the system.
Participating investors include long-term partners Atomico and Project A, with Inven Capital joining this round, alongside institutional financing from Commerzbank and KfW. The company has now raised €62 million ($75 million) to date.
“At its core, Andercore is AI that moves containers of real products globally,” says Philipp Andernach, Founder & CEO. “Our system brings prediction, discipline, and speed to supply chains that still rely on manual work. Buyers get faster quotes, better pricing, and frictionless execution across complex industrial categories. Suppliers gain a partner that drives consistent demand, expands their customer base, pays promptly, and handles operational complexity on their behalf. This financing allows us to bring these capabilities to many more markets.”
In the context of 2025–2026 European AI-enabled industrial and B2B tech funding activity, Andercore’s raise aligns with a broader wave of investment into platforms that digitise complex markets and workflows.
For example, tem, a London-based energy transactions scale-up, secured a €62.9 million Series B to expand its AI-native infrastructure for automating energy pricing and contracting across new geographies. Similarly, metiundo, a Berlin-headquartered startup focused on digitising energy and water data, closed a €40 million round to scale its software solutions in the utilities sector.
While these companies operate in adjacent verticals – energy transactions and energy/water data respectively – their funding levels and use of AI to streamline traditionally manual, fragmented domains suggest a growing investor interest in platforms that bring automation and market efficiencies to industrial supply chains and infrastructure-related markets.
Atomico Founding Partner Niklas Zennström adds: “Industrial trade and wholesale underpin the real economy, yet much of it still runs on manual processes. Andercore has built the technology, commercial strength, and execution capability to bring speed and scale to cross-border supply – starting where complexity is highest: infrastructure, energy, and construction. We are convinced they are building the next-generation platform for global trade and wholesale.”
Founded in 2021, Andercore connects global suppliers with local industrial buyers across infrastructure, energy, and building materials, executing cross-border trade and embedded financing through its proprietary AI platform.
The company serves industrial players such as Synthos Group,Wolf & Müller, Sotralenz Construction,Phnix and Strabag.
Andercore operates in the world’s largest commercial system: global wholesale, representing tens of trillions of euros in annual trade that underpins industrial supply chains.
Despite its scale, the company believes that the sector remains largely manual, with fragmented processes, inflated costs, and limited direct market access for international suppliers. Andercore began in core industrial categories such as infrastructure, energy, and building materials – together representing more than €200 billion in annual demand across Europe.
Over the past five years, Andercore has built an asset-light trading model for cross-border supply powered by a proprietary AI platform. The company buys from international suppliers and sells to local buyers on its own account, while its AI system orchestrates the full trade lifecycle: pricing, quoting, quality assurance, distribution, and embedded financing.
Thousands of large-scale transactions already run on Andercore each month across seven European markets.
“We had a large project in Le Havre and wanted all materials from a single source – from fencing to pipes for water drainage, PV panels, and energy storage systems. Quotes were fast, deliveries were on time, the system operated perfectly – and we received attractive payment terms. Overall, we saved around 12% with Andercore compared to our established sources,” says Jean-Marc Levasseur, Director at Hebert Électricité, Normandie.
Read the orginal article: https://www.eu-startups.com/2026/02/berlins-andercore-secures-e33-5-million-to-scale-industrial-trade-platform-across-europe/
