Milan-based Compri has raised €3.2 million in fresh seed funding as it pushes to automate some of the most routine work in industrial procurement, a function that remains stubbornly manual across much of European manufacturing.
The round was led by Picus Capital and backed by Shapers, Italian Founders Fund and DFF Ventures, taking the company’s total funding to more than €5 million. Compri was founded in 2024 by Edoardo Arbizzi and Edoardo Gava.
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e company’s pitch is a set of autonomous AI agents designed to take over repetitive procurement tasks that often consume large amounts of staff time. These include chasing suppliers for updates, gathering documents, checking compliance and verifying order confirmations. The platform pulls together information from ERP systems, email inboxes, PDFs and other enterprise sources, with the aim of reducing administrative work and giving procurement teams more room to focus on supplier negotiations, sourcing strategy and cost savings.
Compri is targeting Europe’s industrial base, where procurement is still frequently managed through fragmented systems, spreadsheets and email chains. That reliance on disconnected tools has created what the company sees as a sizeable opening for automation, particularly in manufacturing-heavy sectors where the volume of operational procurement work is high and the scope for efficiency gains is significant.
According to company-backed figures cited by investor Picus Capital, Compri customers have cut the time spent on operational procurement tasks by 80%, while also securing more than 10% savings on direct spend. The investor said that has translated into more than 2,000 hours saved a year and average annual savings of about €360,000.
The company says its software is already handling more than €10 billion in spend across eight markets, and it has expanded beyond Italy into markets including the United States, Germany, France, Spain, the Netherlands, the Nordics and South America.
The latest funding is expected to support product development, hiring and broader international expansion as Compri tries to establish itself in a market where procurement teams are under pressure to do more with less. In a sector long defined by manual processes, the startup is betting that AI agents can become not just a useful tool, but a new operating layer for industrial buying.
Source: Noah Wire Services
