Andercore Secures $40 Million Series B for AI-Driven Industrial Trade Platform

Andercore, the AI-driven trade platform for industrial supply, led by Philipp Andernach, Elsa Cordonnier, and the team, has raised $40 Million 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.

Andercore operates in global wholesale, a market worth tens of trillions annually, yet still fragmented and manual. Starting with infrastructure, energy, and building materials, over €200 billion in annual European demand, the company built a focused entry point into industrial supply.

Over five years, an asset-light, AI-powered trading model has been developed. Acting as principal, Andercore manages cross-border sourcing and sales while its platform handles pricing, quoting, quality control, distribution, and embedded financing, powering thousands of monthly transactions across seven European markets.

“At its core, Andercore is AI that moves containers of real products globally,” said Founder & CEO Philipp Andernach. The platform brings speed, pricing intelligence, and operational discipline to fragmented industrial supply chains, benefiting both buyers and suppliers.

Led by a fifth-generation manufacturing entrepreneur, the Berlin-based company operates with 80 employees across Europe and Asia and serves major industrial clients. Backed by investors including Atomico and Project A, Andercore is expanding geographically and deepening its AI platform to become a category-defining leader in global industrial trade.