With $40 million in new funding, Andercore plans to scale geographically, expand product categories, and advance its AI platform to enable more direct supplier participation.
Berlin-based Andercore, an AI-enabled industrial supply trade platform, has raised $40 million in a Series B round comprising equity and debt to support its expansion in Europe. The round includes participation from existing investors Atomico and Project A, with Inven Capital joining as a new investor, alongside institutional financing from Commerzbank and KfW. The company has raised a total of $75 million to date.
Andercore operates in global wholesale trade, which supports industrial supply chains across multiple sectors. Despite its size, the market is characterized by manual processes, fragmented workflows, relatively high transaction costs, and limited direct access for international suppliers. The company initially focused on industrial categories such as infrastructure, energy, and building materials. These categories serve as an entry point for a platform intended to expand across a broader range of industrial supply segments.
Over the past five years, Andercore has developed an asset-light, cross-border trading model supported by a proprietary AI platform. The company purchases products from international suppliers and sells them to local buyers on its own account. Its technology supports pricing, quoting, quality assurance, distribution, and embedded financing. The platform currently supports thousands of transactions per month across seven European markets.
Philipp Andernach, founder and CEO, said the company’s core focus is using AI to support cross-border trade in physical goods:
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.
The new capital will be used to support geographic expansion, broader category coverage, and continued development of the company’s AI platform.
Over time, the platform is intended to enable suppliers to sell directly through the system, with the aim of integrating supply, demand, and financing within a single environment. Andercore continues to expand its operations in global industrial trade, with an initial focus on Europe.