Berlin-based Andercore has raised $40 million in a Series B funding round combining equity and debt, strengthening its position as an AI-powered platform for industrial wholesale trade.
The round saw continued backing from existing investors Atomico and Project A, alongside new investor Inven Capital. Institutional financing was provided by Commerzbank and KfW. With this round, Andercore’s total funding reaches $75 million.
Digitising A Fragmented Global Trade Market
Andercore operates in global wholesale trade, a sector still heavily dependent on manual processes, fragmented supply chains, and complex cross-border transactions.
The company initially focuses on infrastructure, energy, and building materials, leveraging these sectors as an entry point into the broader industrial supply market.
Over the past five years, Andercore has built an asset-light, cross-border trading model powered by proprietary AI technology. Rather than acting as a simple marketplace, the company purchases goods from international suppliers and resells them to local buyers, managing transactions directly on its own balance sheet.
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AI At The Core Of Cross-Border Operations
The platform handles pricing, quotation workflows, quality control, distribution, and embedded financing. According to the company, it now supports thousands of transactions per month across seven European markets.
Founder and CEO Philipp Andernach emphasised that the company’s core mission is to bring greater efficiency and predictability to cross-border trade in physical goods. By automating complex workflows and data analysis, the platform aims to deliver faster quotes, improved pricing transparency, and smoother execution for buyers, while offering suppliers reliable demand and operational support.
Expansion And Platform Evolution
The newly secured capital will be used to accelerate geographic expansion across Europe, broaden product categories, and further develop Andercore’s AI capabilities.
Looking ahead, the company plans to evolve its platform to enable suppliers to sell directly through a unified infrastructure that integrates supply, demand, and financing into a single system.
With its continued growth, Andercore positions itself at the intersection of AI and industrial trade, targeting one of the largest and least digitised segments of the global economy.
About Andercore
Andercore is a Berlin-based AI-driven trade and distribution platform focused on industrial supply chains in infrastructure, energy, and construction materials. The company connects vetted international suppliers with local buyers, streamlining procurement, logistics, and financing through an integrated digital platform.
