Series A for Mercanis with over 20 million US dollars

Berlin-based procurement tech startup Mercanis has raised over 20 million US dollars in a Series A financing round. The round was led by new investors Partech and AVP (AXA Venture Partners). Existing investors such as Speedinvest, Signals.VC and Capmont Technology as well as several well-known business angels also participated again.

Mercanis intends to use the capital to further develop its Agentic AI-based procurement suite and expand into new markets (primarily the USA). The platform combines purchasing, supplier management and contract management in one solution. Intelligent software agents automate routine tasks and help companies to make procurement processes more efficient, resilient and cost-saving.

From days to hours through AI in procurement

Mercanis was founded in 2020 by Fabian Heinrich and Moritz Weiermann and its technology addresses a problem faced by many large companies: manual purchasing processes. AI-supported analyses and automation are expected to reduce process costs by over 40%, more than double efficiency and achieve a 12-fold ROI.

What used to take days can now be done in hours - and with a much better basis for decision-making.

Uwe Kreplin, GASAG Purchasing Manager

Customers already include companies such as BASF Coatings, GASAG, Brose, Goldbeck and Wilson.

Focus on expansion into the USA

CEO Fabian Heinrich emphasizes the importance of scalable, intelligent procurement solutions in uncertain times.

Our solution helps companies worldwide to make their supply chains more robust and secure their margins at the same time.

Fabian Heinrich, CEO Mercanis

Investors are convinced by the product and timing. Philippe Collombel from Partech sees Mercanis as a future category leader: "The platform already handles purchasing volumes in the billions - the growth potential is enormous."