London’s Procure AI, a company pioneering AI-native procurement automation solutions to transform procurement and supply chain management, has raised €11 million ($13 million) in Seed funding.
The investment round was led by Headline, with participation from C4 Ventures and Futury Capital.
“We’re at an inflection point where procurement can no longer be a manual, people-intensive function,” says Konstantin von Büren, co-founder and Co-CEO at Procure AI. “Our enterprise clients are telling us they need to process 3x the volume of sourcing events with flat or declining headcount. The only way forward is through AI agents that can operate autonomously whilst maintaining the rigour and compliance that procurement demands.”
Recent 2025 activity shows steady investor interest in procurement and sourcing automation, with Mercanis in Berlin raising €17.3 million to scale its agentic-AI platform, Finland’s Nvelop securing €1.2 million for enterprise procurement automation, Germany’s Matchory adding €6 million to expand its supplier-data technology, Paris-based Crown collecting €2 million to develop its e-auction negotiation tool, and Swiss startup Scalera raising €5.7 million to apply AI to public-sector construction procurement.
Together these rounds total roughly €32 million, illustrating a broad European push to modernise procurement workflows.
Against this backdrop, Procure AI’s Seed round stands out as one of the larger early-stage financings in the category and the only notable UK-based funding event identified for 2025, positioning the company within a continent-wide shift toward AI-driven sourcing, contracting and supplier-management solutions.
“Most procurement tools on the market ask enterprises to completely overhaul existing systems and start fresh. We took the opposite approach,” adds Yves Bauer, co-founder and Co-CEO at Procure AI. “Our platform sits on top of fragmented data landscapes and makes them intelligible – enriching what’s there rather than replacing it. That’s why we can deliver ROI in months, not years, and why our clients see us as a true partner rather than another vendor.”
Founded in 2021 by Konstantin von Bueren and Yves Bauer, Procure AI is a secure and sovereign procurement data platform, with dedicated hosting and end-to-end autonomous solutions.
What Procure AI says sets it apart is its end-to-end approach. Unlike point solutions that target isolated workflows, Procure AI offers a complete AI-native procurement platform covering all processes and use cases where AI can make a real difference.
By integrating and enriching fragmented procurement data – rather than replacing existing systems – the platform solves for the actual problems procurement teams face.
Their platform deploys over 50 AI agents across three categories:
- autonomous agents that execute procurement tasks independently
- collaborative agents that augment human decisions
- ambient agents providing proactive support.
This AI-native architecture enables end-to-end automation across sourcing, contracting, purchasing, and invoice management.
Core solutions include Autonomous Spot-Buy and Tactical Sourcing (delivering 35-46% time reduction and 3.7-5.2% savings per event) and Quote-to-Order Intake (enabling 60% of requests to run autonomously).
“Most procurement AI tools solve isolated problems. Procure AI solves the system,” said Dominic Wilhelm, Partner at Headline. “Their end-to-end platform addresses the fragmented data and manual processes that plague procurement operations, delivering measurable ROI across the entire workflow. That’s why enterprises like EnBW and Kärcher have made them their AI platform for procurement.”
According to data provided by the company, 47% of B2B buyers cite operational complexity as a major challenge, whilst 90% of companies report that resource shortages – limited headcount, budget constraints, and skills gaps – are blocking their ability to transform.
Companies now face soaring costs, unpredictable delivery timelines, and complex compliance requirements that threaten their bottom lines. Recent US tariffs, including a universal levy and country-specific duties reaching as high as 34%, have created a perfect storm of uncertainty for international trade.
For Fortune 500 and FTSE 350 companies, external supplier costs account for 60-75% of revenue. Even modest efficiency gains translate to billions in potential savings. Research by Hackett Group demonstrates that AI-powered procurement transformation can deliver up to 10% improvements in productivity, quality and cost savings, whilst digital world-class procurement teams achieve up to 47% lower process costs and 50%+ productivity improvements through generative AI and advanced tooling.
It is in this space that Procure AI looks to make their mark.
“Konstantin and Yves have built something rare: an AI-native platform that simplifies procurement by rethinking it from the ground up”, said Pascal Cagni, Founder at C4 Ventures and Chairman of the Board for Business France. “Their ability to achieve 4 X revenue growth whilst maintaining deep technical innovation demonstrates both market validation and execution excellence. We’re backing a team that understands enterprise needs and has the vision to reshape an entire industry.”
The company has experienced significant growth over the past year, with 4x revenue growth. Procure AI’s team of 40+ operates across London, Paris, and Frankfurt, and their enterprise client portfolio includes companies such as EnBW and Kärcher.
Customer implementations show concrete results: up to 30% reduction in processing time, more than 5% additional savings, and ROI calculations demonstrating €2.35 million annual savings from autonomous sourcing alone for enterprises with €70 million tail spend.
With the new funding, Procure AI plans to expand its engineering capabilities and strengthen its go-to-market team, accelerating growth beyond its original DACH focus into the UK, Nordics, Benelux, and France.
This European expansion arrives at a critical moment: 78% of organisations now use AI in at least one business function – up from just 55% a year earlier – demonstrating the rapid mainstream adoption of AI across enterprises.
Read the orginal article: https://www.eu-startups.com/2025/11/amid-new-tariffs-and-volatile-delivery-timelines-procure-ai-lands-e11-million-to-help-enterprises-stabilise-procurement-and-supply-chains/
