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Andercore

AI-powered B2B industrial trading platform

Overview

Andercore is a Berlin-based AI-driven B2B industrial trade platform that buys from international suppliers and sells to local industrial buyers on its own account across infrastructure, energy and building materials. Its AI coordinates pricing, quoting, quality assurance, distribution and embedded financing across European markets. The platform acts as an intermediary on its own balance sheet, handling end-to-end procurement and logistics, and aims to expand geography and product categories while deepening its AI capabilities so suppliers can reach more buyers directly through the system. Compared with peers, Andercore emphasizes its own balance-sheet trading model, large-scale cross-border activity (thousands of transactions per month across seven European markets), and an integrated mix of sourcing, pricing, QA, distribution and financing. Its goal is to grow footprint and categories in Europe and enhance the AI platform to enable more direct supplier sales through the platform.

Significant Headcount Growth

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About Andercore

Simplify's Rating
Why Andercore is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsIndustrial & ManufacturingEnterprise SoftwareAI & Machine Learning

Company Size

51-200

Company Stage

Debt Financing

Total Funding

$40M

Headquarters

Berlin, Germany

Founded

2021

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Simplify's Take

What believers are saying

  • July 2026 UniCredit and KfW funding added €30 million non-dilutive working capital.
  • Andercore reports 4,500 customers and 2,000 suppliers across seven European markets.
  • Management is hiring growth, engineering, product, logistics, and accounting roles in September 2026.

What critics are saying

  • Amazon Business, RS Group, Conrad, and Unite already own adjacent industrial buyer workflows.
  • Asset-heavy inventory ownership ties margins to price swings, shipping delays, and supplier defects.
  • If direct supplier selling stalls, Andercore remains a trading intermediary with thin moat.

What makes Andercore unique

  • Andercore turns suppliers, logistics, QA, and financing into one AI-controlled trade stack.
  • It buys inventory itself, giving buyers firm quotes and prompt execution across Europe.
  • Its February 2026 Series B and July 2026 UniCredit facility fund expansion.

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Funding

Total Funding

$40M

Above

Industry Average

Funded Over

2 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Meet Average

Industry standards

$35M
$32M
$45M
$65M
$100M

Benefits

Performance Bonus

Growth & Insights and Company News

Headcount

6 month growth

3%

1 year growth

3%

2 year growth

3%
Andercore
Feb 12th, 2026
Andercore

Berlin, 11.02.2026 – Andercore, the AI-driven trade platform for industrial supply, has raised $40m in equity and debt to accelerate its European expansion. Participating investors include long-term partners Atomico and Project A, with Inven Capital joining this round, alongside institutional financing from Commerzbank and KfW. The company has now raised $75m to date.

Atomico
Feb 12th, 2026
Andercore

Continuing Our Partnership with Andercore as It Scales AI-Driven Industrial Trade. Industrial trade is one of the largest and most fundamental systems in the global economy — representing tens of trillions of dollars in annual wholesale activity — yet it remains heavily manual, fragmented, and inefficient. Pricing, sourcing, logistics, quality assurance, and financing are often disconnected, slow, and opaque.

Tech.eu
Feb 11th, 2026
Andercore is expanding its AI-based industrial trade platform following a $40M Series B raise

Andercore is expanding its ai-based industrial trade platform following a $40M Series B raise. With $40 million in new funding, Andercore plans to scale geographically, expand product categories, and advance its AI platform to enable more direct supplier participation. Berlin-based Andercore, an AI-enabled industrial supply trade platform, has raised $40 million in a Series B round comprising equity and debt to support its expansion in Europe. The round includes participation from existing investors Atomico and Project A, with Inven Capital joining as a new investor, alongside institutional financing from Commerzbank and KfW. The company has raised a total of $75 million to date. Andercore operates in global wholesale trade, which supports industrial supply chains across multiple sectors. Despite its size, the market is characterized by manual processes, fragmented workflows, relatively high transaction costs, and limited direct access for international suppliers. The company initially focused on industrial categories such as infrastructure, energy, and building materials. These categories serve as an entry point for a platform intended to expand across a broader range of industrial supply segments. Over the past five years, Andercore has developed an asset-light, cross-border trading model supported by a proprietary AI platform. The company purchases products from international suppliers and sells them to local buyers on its own account. Its technology supports pricing, quoting, quality assurance, distribution, and embedded financing. The platform currently supports thousands of transactions per month across seven European markets. Philipp Andernach, founder and CEO, said the company's core focus is using AI to support cross-border trade in physical goods: 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. The new capital will be used to support geographic expansion, broader category coverage, and continued development of the company's AI platform. Over time, the platform is intended to enable suppliers to sell directly through the system, with the aim of integrating supply, demand, and financing within a single environment. Andercore continues to expand its operations in global industrial trade, with an initial focus on Europe.

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