Compri secures €3.2 million to accelerate AI-driven procurement revolution in industry

Milan-based Compri has raised €3.2 million in fresh seed funding as it looks to deepen its push into AI-driven procurement software for industrial companies, bringing total investment in the startup to more than €5 million.

The round was led by Picus Capital, with backing from Shapers, Italian Founders Fund, DFF Ventures and several private investors. According to the company, the capital will be used to accelerate product development, expand the team and push further into ...

Compri, which was founded in 2024 by Edoardo Arbizzi and Edoardo Gava, is targeting one of industry’s most stubbornly manual functions. Procurement in many manufacturing businesses still depends on email chains, spreadsheets and fragmented software, creating blind spots around supplier management, purchasing activity and spending control.

The startup says its platform is designed to act as a kind of digital procurement workforce. It pulls in information from ERP systems, emails, spreadsheets, PDFs and external databases, then uses AI agents to handle repetitive tasks such as chasing suppliers, collecting documents, checking compliance and confirming orders.

Compri says the system combines large language models with procurement-specific training data, with the aim of improving accuracy over time. The company claims more than 40 customers are already using the platform, allowing teams to spend less time on administration and more on negotiation, sourcing and cost management.

The new funding follows an earlier €1.6 million pre-seed round reported in March by Corriere della Sera, which was led by Italian Founders Fund and DFF Ventures. DFF Ventures says it backs digital solutions for industries that have been slow to adopt technology, while Italian Founders Fund presents itself as a founders-led investor focused on Italian entrepreneurs.

Source: Noah Wire Services