- Procuros raised a €20M Series A led by XAnge, with W23 Global joining as a new investor.
- More than 300 companies and over €3B in annualised order volume run through its network.
- The Hamburg startup wants to be the data layer that AI agents need to automate B2B trade.
Many orders and invoices that keep B2B trade moving still arrive as PDFs, spreadsheets, or even faxes. Each new trading partner can mean another integration project that takes months. Procuros, a Hamburg-based startup founded in 2021, says it can replace that work with a single connection. Today, it announced a €20 million Series A to take that model into more of Europe and the US.
XAnge led the round. W23 Global joined as a new investor, and existing backers Point Nine, Creandum, b2venture and SquareOne returned alongside several angel investors.
Procuros will spend the money on three things: scaling how it sells to new customers, developing what it calls AI supply chain infrastructure, and expanding internationally across Europe and into the US. The company says that will bring more businesses onto its network and let AI agents run more supply-chain workflows across companies and markets.
“AI is advancing at incredible speed, while supply chains still run on infrastructure built decades ago. Operations teams are forced to bridge these gaps between systems that simply don’t communicate. We built Procuros to change that. Our infrastructure gives retailers, suppliers and AI agents the connectivity and trusted data they need to automate trade and make autonomous supply chains possible. Because ultimately, AI agents are only as good as the infrastructure they run on,” added Patrick Thelen, CEO and co-founder of Procuros.
Connect once, trade with anyone
Thelen and co-founder Benjamin Bradford started Procuros in Hamburg in 2021 to automate paper-based transactions between suppliers and their trade partners, according to the company.
The old model is slow, Procuros argues. Much of the infrastructure that moves orders, dispatch advices and invoices between businesses was designed in the 1980s. Traditional electronic data interchange (EDI) links companies one relationship at a time, so every new supplier or retailer needs its own integration. A single project routinely takes months and ties up IT teams on both sides. People fill the gaps by entering data, chasing documents, correcting errors and handling exceptions. The result, the company says, is slower growth, higher costs and missed revenue.
Procuros works differently. Companies connect once to its network and can then exchange data with any trading partner, whatever their systems, formats or technical capabilities. The platform validates and harmonises data between both sides, removing the need for another point-to-point integration.
The company says it moves beyond fragmented EDI connections, optical character recognition and manual data exchange. That creates the reliable, contextual data layer AI agents need to automate transactions across the supply chain.
More than 300 businesses across DACH, the region covering Germany, Austria and Switzerland, and the UK now use it. Customers include Breuninger, Chefs Culinar, KoRo, flaconi, The Quality Group (ESN) and Hitschler. More than €3 billion in annualised order volume flows through the platform.
Niche Beauty, another customer, says on Procuros’ website that it moved 100 existing suppliers onto the platform in a single week. The company’s website lists more than 50 team members.
Why XAnge is backing the layer below the agents
XAnge sees proof in Procuros’ home market and opportunity beyond it.
“Procuros is showing that AI agents can make autonomous B2B trade a reality today. The team has built the infrastructure AI agents need to work across entire trading networks and proven the model at scale in DACH. What excites us is the opportunity ahead: to take this beyond its home market and establish an entirely new category for global B2B trade,” said Valerie Bures-Bönström, partner and managing director for DACH at XAnge.
The other backers bring their own track records. W23 Global is a venture fund backed by five grocery retailers, including Tesco, Ahold Delhaize, and Woolworths Group. Point Nine is a Berlin seed investor whose portfolio includes Algolia and Contentful.
The market is large. Research and Markets valued global B2B e-commerce at $19.34 trillion in 2024 and expects it to reach $47.54 trillion by 2030, a compound annual growth rate of 16.17%.
A crowded race, with Procuros one layer down
Investors have backed several startups that point AI at procurement and supply chains. Freehand raised $75 million on July 29 to deploy AI agents across supply-chain spend for companies including Meta and Unilever. London-based Magentic raised an $18 million Series A in September, bringing its total funding to $23.5 million. Its agents handle procurement decisions, supplier interactions and purchase orders for manufacturers. Atomic raised a $12.5 million Series A on September 29 and says its AI already handles 90% of purchasing across hundreds of DoorDash DashMart locations. Didero secured $30 million in February for procurement agents. Elsewhere in Europe, Cleavr raised an €8 million seed round on October 6 to automate late invoice collection.
Those companies sell the agents. Procuros positions itself one layer below. Rather than automate a single procurement task, it says it is building the connectivity that lets businesses, and in time autonomous agents, transact across whole trading networks.
