Andercore, an AI-driven trade platform for industrial supply, has raised $40 million in a Series B financing that combines equity and debt to accelerate expansion across Europe. The round included participation from existing investors Atomico and Project A, with Inven Capital joining as a new investor, alongside institutional financing from Commerzbank and KfW. The Berlin-headquartered company said it has now raised $75 million to date.
Andercore is targeting global wholesale, a sector it describes as one of the world’s largest commercial systems, but one that still relies heavily on manual workflows and fragmented processes. The company began in infrastructure, energy, and building materials, which it said represent more than €200 billion in annual demand across Europe, and has spent the past five years building an asset-light cross-border trading model supported by a proprietary AI platform.
Under its model, Andercore buys from international suppliers and sells to local buyers on its own account, while its AI system coordinates the trade lifecycle, including pricing, quoting, quality assurance, distribution, and embedded financing. The company said thousands of large-scale transactions run through its platform each month across seven European markets.
Andercore said it operates with a team of 80 people across Europe and Asia, with headquarters in Berlin and offices in India and China. It also cited existing relationships with industrial customers including Synthos Group, Wolf & Müller, Sotralenz Construction, Phnix, and Strabag.
The company said the new capital will be used to expand its geographic footprint, deepen category coverage, and continue developing its AI platform, including longer-term plans to enable suppliers to sell directly through the system as it works toward connecting supply, demand, and capital in a unified environment.
KEY QUOTES:
“At its core, Andercore is AI that moves containers of real products globally,” said 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.”
Philipp Andernach, Founder & CEO, Andercore
“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,”
Jean-Marc Levasseur, Director, Hebert Électricité, Normandie
“Industrial trade and wholesale underpins 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.”
Niklas Zennström, Founding Partner, Atomico
“Andercore combines deep operational discipline with a technology stack built for scale. Their model proves that AI can reinvent even the most complex industrial supply chains when paired with strong commercial execution. We’ve supported the team from the early days and continue to believe they are on track to build a European leader with global relevance.”
Florian Heinemann, General Partner, Project A
