Andercore is building digital infrastructure for industrial supply chains, connecting manufacturers with suppliers through a modern procurement platform.
After many years being in stealth, Andercore just closed a $40 million Series B round led by Atomico and Project A, signaling growing investor confidence in the digitization of Europe’s industrial supply sector. The company is drawing on a mix of debt and equity to fuel its expansion across the continent—a strategic move as manufacturers face mounting pressure to modernize procurement and reduce supply chain friction.
Founded to tackle inefficiencies in industrial purchasing, Andercore has built a platform that connects manufacturers with suppliers in real time, streamlining everything from sourcing to fulfillment. It’s a space that’s long been dominated by legacy systems, manual processes, and fragmented vendor relationships—ripe for disruption.
Why Industrial Supply Matters Now
Europe’s manufacturing sector is undergoing a fundamental shift. Rising costs, supply chain volatility, and the push toward sustainability are forcing companies to rethink how they source materials and components. Andercore’s platform addresses these pain points by offering transparency, speed, and data-driven insights that traditional procurement methods can’t match.
The company’s approach mirrors what we’ve seen in other B2B infrastructure plays: take a fragmented, analog market and build digital rails that make transactions faster, cheaper, and more reliable. In this case, the opportunity is massive—industrial supply is a multi-trillion-dollar market that’s only just beginning to digitize.
Backed by Top-Tier Investors
Atomico and Project A are both known for backing category-defining B2B companies across Europe. Their involvement in this round suggests they see Andercore as a potential market leader in industrial procurement infrastructure. The mix of debt and equity financing also gives the company flexibility to scale operations while maintaining a runway for product development and geographic expansion.
As manufacturers continue to demand more from their supply chains—faster delivery, better pricing, sustainability tracking—platforms like Andercore become essential infrastructure. This funding positions the company to capture that demand at scale.
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