Source: eu-startups

In its latest Series A round, Mercanis, a Berlin-based startup for Agentic-AI procurement solutions, has raised over €17.3 million to strengthen their position in Agentic-AI and accelerate its international expansion, including entry into the U.S. market.

The round was led by new investors Partech and AVP, with additional funding from existing investors, including Signals.VC, Capmont Technology, and Speedinvest. Business angels like Dr Ulrich Piepel, Dr Marcell Vollmer, Mirko Novakovic (Instana & Dash0), and Victor Jacobsson (Klarna) continue their support for Mercanis.

Fabian Heinrich, CEO and Co-founder of Mercanis, said: “The trust placed in us by both long-standing and new investors is not only a powerful endorsement of our mission, but also a driving force behind our ongoing commitment to excellence. With this funding, we can expand our AI solution and accelerate our international expansion – particularly into the U.S. In times of geopolitical and economic uncertainty, our technology empowers companies far beyond Germany to build more resilient procurement operations that safeguard their supply chains and protect their bottom line.”

“Mercanis has transformed the way we manage suppliers and execute procurement projects. What used to take days now takes only hours. The automation and transparency help us act faster and make better decisions – especially when multiple stakeholders are involved. It’s a must-have for any procurement team looking to modernise,” says Uwe Kreplin, Head of Procurement at GASAG.

“Within just a few years, Mercanis has established itself as a trusted partner to multinational firms, with impressive traction across organizations now procuring billions through the platform,” says Philippe Collombel, Founding and General Partner at Partech.