In its latest Series A round, Mercanis, a Berlin-based startup for Agentic-AI procurement solutions, has raised over €17.3 million to strengthen their position in Agentic-AI and accelerate its international expansion, including entry into the U.S. market.
The 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, said: “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 U.S. 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.”
Founded in 2020 by Fabian Heinrich and Moritz Weiermann, Mercanis aims to reshape procurement processes with its Agentic-AI Procurement Suite. The cloud-based platform combines procurement, supplier management, and contract management.
Intelligent agents autonomously handle operational tasks, while 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 solution includes four key modules:
- Spend Analytics
- Sourcing & Request Processes (RFx)
- Supplier Management (SRM)
- Contract Management
With the integrated Mercu AI Co-Pilot, repetitive tasks like supplier discovery, risk detection, intake management and offer comparison are automated – made possible by 40-member team.
“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,” says Uwe Kreplin, Head of Procurement at GASAG.
In addition to GASAG, Mercanis also counts BASF-Coatings, Goldbeck, Wilson, and Brose among its clients.
“Within just a few years, Mercanis has established itself as a trusted partner to multinational firms, with impressive traction across organizations now procuring billions through the platform,” says Philippe Collombel, Founding and General Partner at Partech.
“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.”
