Mercanis: Revolutionising Procurement with Agentic AI

Berlin-based startup Mercanis, which focuses on agentic-AI procurement solutions, has raised over €17.3 million (about US$20 million) in its latest Series A round to reinforce its leadership in Agentic-AI technology and accelerate international expansion, with a focus on entering the US market.

Strategic investment from leading tech investors

This round was led by new investors Partech and AVP, with additional funding from existing investors, including Signals.VC, Capmont Technology and Speedinvest. Business angels like Dr Ulrich Piepel, Dr Marcell Vollmer, Mirko Novakovic (Instana & Dash0) and Victor Jacobsson (Klarna) continue their support for Mercanis.

Fabian Heinrich, CEO and Co-founder of Mercanis, says: "The trust placed in us by both long-standing and new investors is not only a powerful endorsement of our mission, but also a driving force behind our ongoing commitment to excellence.

"With this funding, we can expand our AI solution and accelerate our international expansion – particularly into the US. In times of geopolitical and economic uncertainty, our technology empowers companies far beyond Germany to build more resilient procurement operations that safeguard their supply chains and protect their bottom line."

AI-powered procurement platform delivers exceptional results

Mercanis was founded in 2020 by Fabian and Moritz Weiermann, with the goal to reshape procurement processes with its agentic-AI procurement suite. Through its cloud-based platform, it is bringing procurement, supplier management and contract management together.

With its agents harnessing the power of automation to take care of tasks, whilst the AI continuously analyses procurement data to uncover savings opportunities, enhance strategic decisions and drive measurable results – reportedly delivering over 40% process savings, a 2.5x increase in efficiency and a 12x return on investment.​​​​​​​

The integrated Mercu AI Co-Pilot automates repetitive tasks including supplier discovery, risk detection, intake management and offer comparison, powered by a dedicated 40-member team.

Enterprise clients see dramatic efficiency gains

Uwe Kreplin, Head of Procurement at GASAG, adds: "Mercanis has transformed the way we manage suppliers and execute procurement projects. 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. It's a must-have for any procurement team looking to modernise."

In addition to GASAG, Mercanis also counts BASF-Coatings, Goldbeck, Wilson and Brose amongst its clients.

Philippe Collombel, Founding and General Partner at Partech, says: "Within just a few years, Mercanis has established itself as a trusted partner to multinational firms, with impressive traction across organisations now procuring billions through the platform.

"We are particularly impressed by the strength of their product and its ability to drive adoption at scale," adds Magda Poslusny, Principal at Partech.

"By automating key procurement processes, Mercanis not only boosts operational efficiency but also drives meaningful cost savings by engaging a broader supplier base. We are confident Mercanis is on track to become a category leader in procurement."

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