Berlin AI Trader Andercore Secures €30M
Andercore's asset light model needs no inventory, just working capital, now boosted by a joint facility from two major European banks. © Andercore
Berlin based Andercore has picked up a €30 million revolving credit facility from UniCredit and KfW's Venture Tech Growth Financing Program, according to a company press release. The AI native supplier of industrial materials for energy and infrastructure says the new credit line adds non dilutive working capital on top of its recent Series B equity round.
Andercore operates in global wholesale trade, a market worth tens of trillions of dollars a year that is still largely run by hand. The company sources materials from international partners and supplies European customers directly, with AI managing quality checks, pricing, sales, logistics and embedded financing along the way.
What sets the model apart, per the release, is that Andercore stays asset light. It carries no inventory and takes on no price risk. Instead, working capital simply bridges the gap between paying suppliers and getting paid by customers, with AI using real time demand and supply data to steer decisions rather than betting on speculative stock.
Founder and CEO Philipp Andernach said the facility is built to grow trade volume, adding that more credit translates into more simultaneous trades, more volume shipped, and faster delivery, all without diluting existing ownership. UniCredit's Patrick Lindstädt said the financing, done jointly with KfW, supports the scalability of Andercore's platform and reflects a broader commitment to backing high growth companies in Europe.
Founded in 2021, Andercore counts Atomico, Inven Capital, Project A and Target Global among its equity investors. With this new debt facility in place, the company says it's positioned to accelerate its expansion across European markets.
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