London-based Procure AI has closed an €11 million Seed round to scale its end-to-end AI procurement platform.
The round was led by Headline, with participation from C4 Ventures and Futury Capital, marking one of the largest early-stage procurement-tech investments in Europe this year.
Procurement Under Pressure: AI Steps In
With global supply chains strained by rising tariffs, unpredictable delivery timelines, and shrinking procurement teams, enterprises are being pushed to automate critical workflows.
Co-CEO Konstantin von Büren says clients increasingly need to manage triple the volume of sourcing events without expanding headcount — a shift he believes makes autonomous AI agents “no longer optional, but essential.”
Procure AI’s system sits on top of existing, fragmented enterprise data and transforms it into actionable intelligence rather than requiring companies to rebuild their procurement stack from scratch.
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Growing European Momentum In Procurement Automation
The raise follows a surge of investment across European procurement and sourcing tech in 2025, including:
• Mercanis (€17.3M) for agentic procurement automation
• Nvelop (€1.2M) for enterprise AI workflows
• Matchory (€6M) for supplier-data intelligence
• Crown (€2M) for AI-powered e-auctions
• Scalera (€5.7M) for public-sector procurement automation
These rounds total ~€32 million, with Procure AI’s Seed round standing out as the largest UK-based procurement-tech deal of the year.
Full-Stack Procurement Automation, Not Point Solutions
Co-CEO Yves Bauer emphasises that most procurement software focuses on narrow workflows:
“They patch one process. We solve the system.”
Procure AI automates sourcing, contracting, purchasing and invoice handling.
Key modules include:
• Autonomous Spot-Buy & Tactical Sourcing → 35–46% process time reduction
• Quote-to-Order Intake → Up to 60% of requests processed without human involvement
• Savings Engine → 3.7–5.2% cost reductions per sourcing event
Enterprise users like EnBW and Kärcher already rely on the platform for large-scale automation.
Rising Costs Push Enterprises Toward AI
With supplier expenses making up 60–75% of revenue for major corporations, even small efficiency gains create huge savings.
Research from The Hackett Group shows that AI-driven procurement teams achieve:
• Up to 10% cost and productivity improvements
• 47% lower process costs
• More than 50% productivity gains with generative AI
Procure AI aims to capture this value by giving procurement teams the ability to automate and scale their operations without sacrificing compliance.
Expansion Plans Across Europe
Procure AI has grown revenue 4× over the past year, now serving enterprises across DACH, the UK, and France.
The new capital will be used to expand engineering, strengthen go-to-market teams, and establish a presence in the Nordics, Benelux, and Southern Europe, targeting industries most affected by tariff-driven supply chain disruptions.
About Procure AI
Procure AI delivers an AI-native procurement platform that automates sourcing, contracting, purchasing and supplier management. Its multi-agent system combines enterprise-grade security with autonomous workflows, enabling global companies to reduce costs, eliminate manual processes and make smarter procurement decisions at scale.
