Berlin-based Andercore has raised $40 million in a Series B funding round combining equity and debt, as it looks to modernise Europe’s industrial wholesale market through artificial intelligence.
Industrial wholesale remains a significant pillar of the global economy, yet much of the sector still depends on emails, spreadsheets and manual negotiations. These outdated processes can slow down cross-border transactions, obscure pricing and make it harder for international suppliers to efficiently connect with local buyers.
Andercore is seeking to streamline this system with its AI-powered trade platform, designed to bring greater speed, structure and transparency to complex supply chains.
The latest round includes continued support from existing investors Atomico and Project A, while Inven Capital joins as a new backer. Institutional financing has also been provided by Commerzbank and KfW. With this funding, the company’s total capital raised now reaches $75 million.
The new investment will be used to expand Andercore’s footprint across Europe and widen the range of industrial categories covered on its platform. The company also plans to further develop its AI capabilities, with a longer-term ambition of enabling suppliers to sell directly through the system.
By integrating supply, demand and financing into a single digital infrastructure, Andercore aims to create a more data-led and organised model for industrial wholesale, both within Europe and in international markets.
“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.”
Investors say the company is addressing a long-standing inefficiency in the real economy. Atomico Founding Partner Niklas Zennström said: “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.”
Project A General Partner Florian Heinemann added: “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.”
