Mercanis, a Berlin-based procurement technology startup, has secured over $20 million in its latest Series A funding round, underscoring the growing role of artificial intelligence in transforming procurement and supply chain resilience. The round was led by new investors Partech and AVP, with existing backers such as Signals.VC, Capmont Technology, and Speedinvest also participating. Additionally, notable business angels including Dr. Ulrich Piepel, Dr. Marcell Vollmer, Mirko Novakovic, and Victor Jacobsson reaffirmed their support.
Founded in 2020 by Fabian Heinrich and Moritz Weiermann, Mercanis offers an Agentic-AI-powered procurement suite designed to automate and optimise the entire procurement lifecycle. This cloud-based platform integrates procurement, supplier management, and contract management into a seamless solution. Its intelligent agents autonomously manage operational tasks, while the AI continuously analyses procurement data to unearth cost-saving opportunities, enhance strategic decision-making, and boost efficiency.
The company claims its technology delivers over 40% process savings, more than doubles procurement efficiency (2.5x), and generates a 12-fold return on investment. The platform’s standout feature, the Mercu AI Co-Pilot, automates repetitive tasks such as supplier discovery, risk detection, intake management, and offer comparison. This dynamic, “agentic” AI actively learns and adapts to real-time market fluctuations, setting it apart from traditional static models reliant solely on historical data.
Clients include major multinational firms such as BASF-Coatings, GASAG, Goldbeck, Wilson, and Brose. Uwe Kreplin, Head of Procurement at GASAG, shared that Mercanis has significantly accelerated procurement workflows: “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.”
The new capital injection will be channelled into further product innovation, expanding Mercanis’ Agentic-AI capabilities across its core modules—spend analytics, sourcing and request processes, supplier management, and contract management. Another key focus is accelerating its international growth, with a strong emphasis on breaking into the U.S. market, which accounts for approximately 40% of global procurement software spending. To support this expansion, Mercanis plans to build localised sales teams, forge partnerships with ERP vendors, and bolster compliance features tailored to multinational organisations.
This Series A milestone comes amid increasing geopolitical and economic uncertainties that heighten the need for resilient, efficient procurement operations. By digitising fragmented and traditionally manual procurement workflows, Mercanis aims to help companies mitigate supply chain disruptions and diversify their supplier networks.
Philippe Collombel, Founding and General Partner at Partech, expressed confidence in Mercanis’ trajectory, noting the company’s impressive adoption at scale and its ability to drive operational efficiency and cost savings by engaging a broader supplier base. Magda Poslusny, Principal at Partech, added, “Mercanis is on track to become a category leader in procurement.”
With the global procurement software market projected to grow from $10.3 billion in 2023 to $17.5 billion by 2030, propelled by AI and cloud technology integration, Mercanis is well-positioned to carve out a strong niche. The startup currently employs around 40 people and plans to scale its team, particularly in engineering, customer success, and AI research, to sustain its rapid product development and international growth ambitions.
In summary, Mercanis’ recent funding round highlights investor confidence in AI’s pivotal role in modernising supply chains and procurement processes, with the company looking to translate its European success into a formidable presence in the lucrative U.S. market.
Source: Noah Wire Services
