Andercore: USD 40 million Series B for AI-supported platform in industrial trade

Berlin — Ander­core, the AI-powered trading plat­form for indus­trial procu­re­ment, has raised USD 40 million in equity and debt capi­tal to further acce­le­rate its expan­sion in Europe. Long-stan­­ding part­ners Atomico and Project A are parti­ci­pa­ting in the finan­cing round. Inven Capi­tal is joining for the first time, supple­men­ted by insti­tu­tio­nal finan­cing from Commerz­bank and KfW. Ander­core has thus raised a total of 75 million US dollars to date. 

Ander­core opera­tes an AI-powered trading plat­form for indus­trial needs that makes global supply chains in areas such as infra­struc­ture, energy and cons­truc­tion more effi­ci­ent, trans­pa­rent and resilient.

Ander­core is active in the worl­d’s largest commer­cial system — global whole­sale. This repres­ents annual trading volu­mes of tens of tril­li­ons of US dollars and forms the back­bone of indus­trial supply chains. Despite its enorm­ous importance, the sector is still heavily charac­te­ri­zed by manual proces­ses: Frag­men­ted proces­ses, high costs and limi­ted direct market access for inter­na­tio­nal suppli­ers define the status quo. Ander­core star­ted in key indus­try cate­go­ries such as energy, infra­struc­ture and buil­ding mate­ri­als, which toge­ther account for an annual demand of over 200 billion euros in Europe. These cate­go­ries form a focu­sed entry point for a plat­form that is desi­gned to gradu­ally cover the entire indus­trial procurement. 

Over the past five years, Ander­core has built an asset-light trading model for cross-border supply chains, driven by a proprie­tary AI plat­form. The company buys from inter­na­tio­nal suppli­ers and sells on its own account to local buyers. The AI orchestra­tes the entire trade cycle — from pricing and quoting to quality assu­rance, distri­bu­tion and inte­gra­ted finan­cing. Thou­sands of large-volume tran­sac­tions are alre­ady proces­sed via Ander­core in seven Euro­pean markets every month. 

“At its core, Ander­core is an AI that moves physi­cal products in contai­ners around the world,” says Phil­ipp Ander­nach, foun­der and CEO of Ander­core (photo: Ander­core). “Our system brings predic­ta­bi­lity, relia­bi­lity and speed to supply chains that still rely heavily on manual labor. Buyers get faster quotes, better prices and a smoot­her expe­ri­ence across complex indus­try cate­go­ries. Suppli­ers gain a part­ner that provi­des predic­ta­ble demand, expands their custo­mer base, pays on time and fully assu­mes opera­tio­nal comple­xity. This finan­cing enables us to bring these capa­bi­li­ties to signi­fi­cantly more markets.” 

About Atomico

Atomico invests in emer­ging tech start-ups in Series A and beyond — with a parti­cu­lar focus on Europe — using its exten­sive opera­tio­nal expe­ri­ence to acce­le­rate their growth. Since its incep­tion in 2006, Atomico has worked with over 100 ambi­tious teams — inclu­ding the teams at Klarna, Super­cell, Graph­core, Compass, Messa­ge­Bird, Master­class, Atten­tive Mobile, Pipedrive and Hinge Health. Atomic­o’s team of foun­ders, inves­tors and opera­tio­nal leaders has been respon­si­ble for global expan­sion, hiring and marke­ting at compa­nies ranging from Skype and Google to Twit­ter and Uber. The company curr­ently has USD 4 billion in assets under manage­ment. —https://atomico.com

About Project A

Project A is a leading Euro­pean early-stage inves­tor with EUR 1.2 billion in assets under manage­ment. The company supports ambi­tious foun­ders from idea to scale — with capi­tal, opera­tio­nal exper­tise and a unique studio model. The focus is on forward-looking topics such as fintech, Euro­pean resi­li­ence, global supply chains and the future of auto­no­mous work. The port­fo­lio includes Trade Repu­blic, Senn­der, Zepz and Quan­tum Systems. — www.project‑a.vc

Consul­tant Ander­core: V14

Dr. Clemens Waitz
Falko Brüggemann

Advi­sors to Atomico and Project A: YPOG provi­ded compre­hen­sive legal advice to the venture capi­tal inves­tors in the USD 40 million Series B finan­cing round of the Berlin-based indus­trial tech company Andercore.

Team for Atomico
Dr. Benja­min Ullrich (Lead, Tran­sac­tions), Part­ner, Berlin
Dr. Sebas­tian Schwarz (Tax), Part­ner, Berlin
Dr. Bene­dikt Flöter (IP/IT/Data Protec­tion), Part­ner, Berlin
Matthias Treude (IP/IT/Data Protec­tion), Senior Asso­ciate, Hamburg
Farina Weber (Tran­sac­tions), Asso­ciate, Berlin

Team for Project A
Dr. Frede­rik Gärt­ner (Lead, Tran­sac­tions) Part­ner, Berlin
Sjard Seeger (Tran­sac­tions), Senior Asso­ciate, Berlin
Sarah Sostak (Corpo­rate), Asso­ciate, Berlin

The law firm V14

V14 is a Berlin-based law firm specia­li­zing in growth capi­tal, tech­no­logy and media. — www.v14.de