Procure AI has secured a $13 million seed round led by Headline, with participation from C4 Ventures, Futury Capital, and several angel investors across the procurement sector. The funding marks a significant milestone for the company as it expands its autonomous procurement technology and prepares for broader international growth.
The company said demand for AI-native automation is rising as procurement teams face increasing complexity, fewer resources, new tariffs, and rising supplier costs that can represent up to 75% of company revenue. Procure AI’s platform uses more than 50 autonomous and collaborative AI agents to streamline procurement workflows and deliver measurable impact across sourcing and intake operations.
According to the company, customers are already seeing tangible gains, including 35–45% faster sourcing cycles, 3.5–5% savings per event, and autonomous handling of 60% of intake requests. Procure AI says these improvements can translate into multimillion-euro returns, citing that a business with €70 million in tail spend could save between €2.5 million and €3.5 million using its solution.
With the new investment, the company plans to grow its engineering and go-to-market teams while accelerating expansion into the UK, Nordics, Benelux, and France. Procure AI also thanked its investors, customers, and internal team, noting the funding gives it momentum to scale its platform and reshape procurement for enterprises across Europe and beyond.
Konstantin von Büren and Yves Bauer co-founded the company. Konstantin von Büren serves as Co-Founder and Co-CEO of Procure AI, articulating the strategic vision of embedding autonomous AI agents across procurement workflows. Yves Bauer, also a Co-Founder and Co-CEO, serves as an AI evangelist within the organization, emphasizing that Procure AI’s platform sits on top of existing, fragmented procurement data rather than requiring a wholesale replacement of legacy systems. Together, they set out to build an AI-native procurement automation platform that addresses both tactical sourcing and intake workflows for enterprise organizations.
