Berlin-based Andercore, an AI-driven platform for industrial supply, has secured $40 million in a new funding round to accelerate its European expansion. The financing, a mix of equity and debt, saw participation from existing investors Atomico and Project A, with Inven Capital joining the round. This investment brings the company's total capital raised to $75 million, signaling strong confidence in its mission to digitize global wholesale trade.
Modernizing a Trillion-Dollar Industry
Andercore is tackling the global wholesale market, a multi-trillion-dollar system that remains largely manual, fragmented, and inefficient. The company has strategically focused on core industrial categories like infrastructure, energy, and building materials, which represent a significant entry point. This approach allows it to address deep-seated issues of inflated costs and limited market access within foundational economic sectors.
An AI-Driven Trading Engine
The company operates an asset-light trading model powered by a proprietary AI system that manages the entire trade lifecycle. Andercore purchases goods from international suppliers and sells them to local buyers, while its technology orchestrates everything from pricing and quoting to quality assurance and distribution. The platform also integrates embedded financing, streamlining complex cross-border transactions for its partners.
Founder and CEO Philipp Andernach stated that the system brings "prediction, discipline, and speed" to traditionally manual supply chains. This provides buyers with faster quotes and better pricing, while suppliers gain a partner that drives consistent demand and handles operational complexity. The platform already processes thousands of transactions monthly across seven European markets, leveraging the founder's deep family background in the industry.
Strong Investor and Customer Validation
The funding round highlights strong investor confidence in Andercore's vision to modernize a vital part of the real economy. Atomico's Niklas Zennström praised the company's ability to bring speed and scale to cross-border supply, while Project A's Florian Heinemann noted its effective combination of operational discipline and scalable technology. Both see Andercore as a future European leader with global relevance.
The platform's practical impact is confirmed by customers such as Hebert Électricité, which used Andercore for a major project in France. Director Jean-Marc Levasseur highlighted the benefits of fast quotes, on-time deliveries, and single-source procurement for diverse materials. The firm reported a significant cost saving of around 12% compared to its established supply channels, demonstrating tangible value.
Strategic Expansion and Future Vision
With the new capital, Andercore will pursue strategic growth by expanding its geographic footprint and product categories. This expansion is part of a long-term vision to enhance its AI platform, eventually enabling suppliers to sell directly through the system. The ultimate goal is to create a unified ecosystem that seamlessly connects supply, demand, and capital in global trade.
This $40 million investment marks a pivotal moment for Andercore, providing the resources to challenge the entrenched inefficiencies of industrial wholesale. Backed by prominent venture and institutional financiers, the company is well-positioned to scale its AI-driven platform from Europe outward. Its mission to become the category-defining leader in global industrial trade is now significantly closer to reality.