How much funding has Andercore raised?

Andercore has raised $75M in total funding. Their latest funding round was Series B. Key investors include Atomico, Project A, Inven Capital, Target Global, Commerzbank, KfW.

Where is Andercore headquartered?

Andercore is headquartered in Berlin, Germany. The company has a team of 51-100 people.

What does Andercore do?

Andercore operates in the AI in Supply Chain / Logistics sector. AI-driven B2B trade and distribution platform for industrial supply (energy, infrastructure, and building materials) connecting global suppliers with local European buyers. Unifies supply, demand, and capital on one AI-powered platform that orchestrates the full cross-border trade lifecycle — pricing, quoting, quality assurance, logistics, and embedded financing — for industrial buyers and suppliers.

When was Andercore founded?

Andercore was founded in 2021. It is based in Berlin, Germany.

How much funding has Andercore raised?

Andercore has raised $75M in total funding. Key investors include Atomico, Project A, Inven Capital, Target Global, Commerzbank, KfW.

Who is the CEO of Andercore?

Philipp Andernach is the CEO of Andercore. The company was founded in 2021.

Where is Andercore located?

Andercore is headquartered in Berlin, Germany.

What funding stage is Andercore at?

Andercore is currently at the Growth Stage stage.

How many employees does Andercore have?

Andercore has approximately 51-100 employees.

Andercore

Category: AI in Supply Chain / Logistics

AI-driven B2B trade and distribution platform for industrial supply (energy, infrastructure, and building materials) connecting global suppliers with local European buyers. Andercore was founded in 2021. The company is led by Philipp Andernach. Based in Berlin, Germany. Team size: 51-100. Total funding raised: $75M. Latest round: Series B. Key investors include Atomico, Project A, Inven Capital, Target Global, Commerzbank, KfW.

Founded: 2021
Headquarters: Berlin, Germany
Team size: 51-100
Total funding: $75M

Value proposition

Unifies supply, demand, and capital on one AI-powered platform that orchestrates the full cross-border trade lifecycle — pricing, quoting, quality assurance, logistics, and embedded financing — for industrial buyers and suppliers.

Products and solutions

AI-powered industrial trade platform covering energy materials (PV modules, batteries, inverters, cables, transformers, BESS, EV charging), infrastructure components (steel, metals, fasteners, PVC pipes, fencing, drainage), and building materials (insulation, painting, floor coverings), embedded financing, managed cross-border logistics, 4,000+ SKU live catalogue.

Unique value

The only operator in Europe combining an AI-powered platform with cross-border sourcing, logistics, quality assurance, and embedded financing in a single principal/distributor model — built for complex, multi-category, large-scale industrial procurement.

Target customer

Mid-to-large industrial buyers (construction, infrastructure, energy, electrical installation firms) across Europe, plus international suppliers/manufacturers in Asia, Europe, and GCC.

Industries served

Infrastructure, energy, construction, building materials, industrial supply chain.

Technology advantage

Proprietary AI stack orchestrates the full trade lifecycle (pricing, quoting, QA, distribution, embedded financing) on an asset-light principal model; forecasts availability and lead times using platform data and logistics signals; carries no inventory or price-volatility risk.

How they differentiate

Unlike marketplaces (open self-serve listings) or pure SaaS, Andercore operates as a licensed principal/distributor that buys and sells on its own account, bearing full commercial risk and coordinating quality, logistics, and financing end-to-end — combining AI with real operational trading execution.

Main competitors

Infra.Market, Moglix, Zetwerk, traditional regional distributors and digital procurement platforms.

Key partnerships

Atomico, Project A, Inven Capital, Target Global, Commerzbank, KfW (Venture Tech Growth Financing Program), UniCredit (€30M revolving credit facility).

Notable customers

Strabag, Wolf & Müller, Sotralenz Construction, Synthos Group, Phnix, Hebert Électricité, Yura GmbH

Major milestones

Founded May 2021, operations began Jan 2022, Series A Feb 2023, Series B Feb 2026 ($40M, total $75M), €30M revolving credit facility from UniCredit and KfW (July 2026), operations across 7 European markets in infrastructure, energy, and construction.

Growth metrics

4,500+ customers; 2,000+ suppliers; three-digit-million EUR GMV run rate; thousands of large-scale transactions per month across 7 European markets; ~80 employees.

Market positioning

Category-defining AI-driven industrial trade platform scaling from Europe outward; operates across all European markets with offices in Germany, India, and China; three-digit-million EUR GMV run rate.

Geographic focus

Europe (all markets), with sourcing operations in Asia (India, China) and MENA/GCC.

About Philipp Andernach

Ex-Service Partner One (building services platform, sold to Kärcher); fifth-generation manufacturing/trading family (A.W. Andernach Group, Bonn, est. 1888).

Latest news about Andercore

Berlin based Andercore secured 33.5 million euros to scale its AI driven industrial trade platform, reaching 62 million euros in total funding. The system automates the full trade lifecycle for infras

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Official website: https://www.andercore.com/