Berlin based Andercore has secured $40 million in Series B funding to accelerate the expansion of its AI driven industrial supply trade platform across Europe, as the company targets one of the world’s largest yet least digitised markets.
Scaling AI driven trade in industrial supply chains
The Series B round combines equity and debt financing and includes participation from existing investors Atomico and Project A, with Inven Capital joining as a new backer. Institutional financing was provided by Commerzbank and KfW. With this latest round, Andercore has raised a total of $75 million since its founding.
Andercore operates at the heart of global wholesale trade, a sector that underpins industrial supply chains across infrastructure, energy, construction, and manufacturing. Despite its scale, the market remains highly fragmented and manual, relying heavily on spreadsheets, email based workflows, and opaque pricing structures. These inefficiencies create high transaction costs, slow execution, and limited access for international suppliers looking to reach local buyers.
Founded by Philipp Andernach, Andercore was built to modernise this environment using software and data rather than heavy assets or traditional intermediaries.
An asset light model powered by AI
Over the past five years, Andercore has developed an asset light cross border trading model supported by a proprietary AI platform. Rather than acting purely as a marketplace, the company trades on its own account. It purchases products from international suppliers and sells them to local buyers, handling pricing, quoting, quality assurance, logistics, and financing end to end.
At the core of the platform is AI driven decision making. The system supports demand forecasting, dynamic pricing, risk assessment, and operational execution across complex industrial categories. This allows Andercore to move faster than traditional distributors while offering buyers predictable pricing and reliable delivery.
Today, the platform supports thousands of transactions each month across seven European markets, demonstrating that AI driven trade can scale in traditionally conservative industrial sectors.
Solving friction on both sides of the market
According to founder and CEO Philipp Andernach, the company’s mission is to bring speed, discipline, and predictability to physical supply chains that still operate with outdated tools.
“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,” Andernach said.
For buyers, Andercore simplifies sourcing across borders, reduces procurement friction, and shortens lead times. For suppliers, particularly those outside Europe, the platform removes barriers to market entry by managing local compliance, distribution, and customer relationships.
Expansion across Europe and beyond
The new capital will be used to expand Andercore’s geographic footprint across Europe, deepen coverage across additional industrial categories, and continue investing in its AI platform. The company sees Europe as a critical initial market due to its fragmented industrial landscape and strong cross border trade flows.
Looking further ahead, Andercore plans to evolve its platform so that suppliers can sell directly through the system. This would create a fully integrated environment where supply, demand, pricing, and financing are managed within a single digital infrastructure.
By embedding financing and operational execution into the platform, Andercore aims to become a foundational layer for global industrial trade, rather than just another procurement tool.
Reinventing a massive but overlooked market
Investor interest in Andercore reflects a growing conviction that industrial supply chains are ready for software driven transformation. While consumer commerce has been reshaped by digital platforms over the past two decades, wholesale and industrial trade has lagged behind despite representing trillions of dollars in annual volume.
With its AI enabled, asset light approach, Andercore is positioning itself to bring the same level of transparency, efficiency, and scalability to industrial trade that fintech brought to financial services and SaaS brought to enterprise software.
