Berlin-based Andercore has secured a €30 million revolving credit facility from UniCredit and KfW, giving the AI-driven industrial trading platform additional capacity to fund working capital and expand across Europe.
The bridge financing is designed to support higher trade and distribution volumes as Andercore scales its platform, which automates pricing, offers, quality control, distribution and integrated financing for industrial supply chains.
Founded by Philipp Andernach, the company operates an asset-light model focused on moving industrial materials globally while using AI to coordinate sourcing, logistics and sales. Andercore said the new facility will help finance more simultaneous trades and support its next phase of international growth.
The debt package adds to an existing equity base that includes Atomico, Inven Capital, Project A and Target Global, pointing to a capital structure aimed at supporting expansion in European markets.
The bridge financing is designed to support higher trade and distribution volumes as Andercore scales its platform, which automates pricing, offers, quality control, distribution and integrated financing for industrial supply chains.
Founded by Philipp Andernach, the company operates an asset-light model focused on moving industrial materials globally while using AI to coordinate sourcing, logistics and sales. Andercore said the new facility will help finance more simultaneous trades and support its next phase of international growth.
The debt package adds to an existing equity base that includes Atomico, Inven Capital, Project A and Target Global, pointing to a capital structure aimed at supporting expansion in European markets.