Andercore secures $40m Series B for AI-driven industrial trade platform

Andercore operates in the world’s largest commercial system

Andercore operates in the world’s largest commercial system: global wholesale, representing tens of trillions of dollars in annual trade that underpins industrial supply chains. Despite its scale, the sector remains largely manual, with fragmented processes, inflated costs, and limited direct market access for international suppliers. The company began in core industrial categories such as infrastructure, energy, and building materials – together representing more than €200 billion in annual demand across Europe. These categories form a focused entry point for a platform designed to scale across broader industrial supply.

Over the past five years, Andercore has built an asset-light trading model for cross-border supply powered by a proprietary AI platform. The company buys from international suppliers and sells to local buyers on its own account, while its AI system orchestrates the full trade lifecycle: pricing, quoting, quality assurance, distribution, and embedded financing. Thousands of large-scale transactions already run on Andercore each month across seven European markets.

Andercore is AI that moves containers of real products globally

“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.”

Andercore builds on deep operational expertise: Founder & CEO Philipp Andernach comes from a fifth-generation manufacturing and trading family, bringing more than a century of hands-on supply chain and wholesale experience into the company’s foundation. With a team of 80 people across Europe and Asia, Andercore operates from its headquarters in Berlin with offices in India and China. The company already serves leading industrial players such as Synthos Group, Wolf & Müller, Sotralenz Construction, Phnix and Strabag.

One customer described the impact directly: “We had a large project in Le Havre and wanted all materials from a single source - from fencing to pipes for water drainage, PV panels, and energy storage systems. Quotes were fast, deliveries were on time, the system operated perfectly - and we received attractive payment terms. Overall, we saved around 12% with Andercore compared to our established sources,” Jean-Marc Levasseur, Director at Hebert Électricité, Normandie.

Atomico Founding Partner Niklas Zennström said:
“Industrial trade and wholesale underpins 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.”

The new capital will expand Andercore’s geographic footprint and deepen its category coverage, while supporting the long-term development of its AI platform to eventually allow suppliers to sell directly through the system. This reflects the company’s ambition to connect supply, demand, and capital in a unified environment.

Backed by leading venture firms and institutional financiers, Andercore is scaling to become the category-defining leader in global industrial trade – from Europe outward.