Industrial wholesale is a major part of the global economy, but it often relies on emails, spreadsheets, and manual negotiations. This makes cross-border transactions slow, pricing unclear, and it can be difficult for international suppliers to connect with local buyers efficiently.
Berlin-based Andercore aims to change that. The company has secured $40 million in a Series B round combining equity and debt to expand its AI-driven trade platform across Europe.
The round includes continued backing from Atomico and Project A, with Inven Capital joining as a new investor. Institutional financing was also provided by Commerzbank and KfW. With this raise, Andercore’s total funding now stands at $75 million.
Atomico Founding Partner Niklas Zennström said: “Industrial trade and wholesale underpin the real economy, yet much of it still runs on manual processes. Andercore has built the technology, commercial strength, and execution capability to bring speed and scale to cross-border supply, starting where complexity is highest: infrastructure, energy, and construction. We are convinced they are building the next-generation platform for global trade and wholesale.”
The new capital will support Andercore’s geographic expansion and broaden the platform’s coverage of industrial categories. The company also plans to continue developing its AI system, with the longer-term goal of enabling suppliers to sell directly through the platform.
By combining supply, demand, and financing into a single system, Andercore aims to create a more structured and data-driven approach to industrial wholesale across Europe and beyond.
Focus on large industrial categories
Founded by Philipp Andernach, Andercore is an AI-driven B2B trade platform for industrial supply.
The company connects global suppliers with local industrial buyers across infrastructure, energy, and building materials, executing cross-border trade and embedded financing through its proprietary AI platform.
The company orchestrates pricing, quoting, quality assurance, distribution, and embedded finance, enabling faster execution, better pricing, and reliable delivery at scale. It began with core industrial segments such as infrastructure, energy, and building materials, which together account for more than €200 billion in annual demand across Europe.
Its model is asset-light. Andercore purchases goods from international suppliers and sells them directly to local buyers, managing the trade on its own account. A proprietary AI system coordinates pricing, quoting, logistics, quality control, and embedded financing throughout the process.
The platform currently handles thousands of large transactions every month across seven European markets.
“At its core, Andercore is AI that moves containers of real products globally,” said Philipp Andernach, Founder & CEO. “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. This financing allows us to bring these capabilities to many more markets.”
Atomico Founding Partner Niklas Zennström said, “Industrial trade and wholesale underpin the real economy, yet much of it still runs on manual processes. Andercore has built the technology, commercial strength, and execution capability to bring speed and scale to cross-border supply, starting where complexity is highest: infrastructure, energy, and construction. We are convinced they are building the next-generation platform for global trade and wholesale.”
Project A General Partner Florian Heinemann added, “Andercore combines deep operational discipline with a technology stack built for scale. Their model proves that AI can reinvent even the most complex industrial supply chains when paired with strong commercial execution. We’ve supported the team from the early days and continue to believe they are on track to build a European leader with global relevance.”
