Andercore, a Berlin-based platform leveraging AI for industrial trade, has announced a $40 million Series B funding round, comprising equity and debt. The goal is to support its expansion in the European market.

Funding Details

The round included participation from existing investors Atomico and Project A, with Inven Capital joining as a new investor. Institutional financing was provided by Commerzbank and KfW. To date, the company has raised a total of $75 million.

Focus on AI in Industrial Trade

Andercore operates in global wholesale trade, supporting industrial supply chains across multiple sectors. The platform uses AI to optimize processes such as pricing, quoting, quality assurance, distribution, and financing. Currently, the platform supports thousands of transactions per month across seven European markets.

Future Goals

The new capital will be used to support geographic expansion, broader category coverage, and continued development of the AI platform. The long-term goal is to enable suppliers to sell directly through the platform, integrating supply, demand, and financing within a single environment.