Andercore is expanding its AI-based industrial trade platform following a $40M Series B raise

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.