WHO WE ARE

Operating global supply chains for energy and infrastructure

Andercore is a German industrial supplier that uses AI to trade and distribute materials to project sites and warehouses across various European markets.

Headquartered in Berlin, Germany, its product range covers energy materials, infrastructure components, and industrial goods: from PV modules, batteries, and inverters to steel, insulation, cables, and energy transformers.

Andercore was founded in 2021 by Philipp Andernach (fifth-generation trading family) and co-founder Elsa Cordonnier. The company is backed by institutional growth funds, including Atomico, Project A, Commerzbank, and KfW, and serves more than 4,500 customers and works with more than 2,000 international suppliers and manufacturers

COMPANY FACTS

A distributor with roots, capital, and global reach

We operate as a fully licensed distributor, buying and selling goods on our own account, bearing full commercial risk, and executing cross-border trade from offices in Germany, India, and China.

Founded

2021

Headquarters

Berlin, Germany

Offices

DE · IN · CN

Employees

~80

Core Offering

Cross-border trade and distribution with integrated financing

Product Focus

Energy materials and infrastructure components

Business Model

Distributor

Active Markets

All European markets

GMV

Three-digit million EUR (run rate)

Total Capital

EUR 75M

Series B

EUR 40M

Customers/Suppliers

4,500+ customers · 2,000+ suppliers

HERITAGE

Five generations of trading and manufacturing expertise

Andercore is built on five generations of trading and manufacturing expertise dating back to 1888. The Andernach family has been active in trade and manufacturing since A.W. Andernach founded the A.W. Andernach Group in Bonn in 1888. Founders Philipp Andernach and Elsa Cordonnier previously built and sold Service Partner One, a leading industrial services platform, to Kärcher before founding Andercore in Berlin in 2021. The leadership team combines fifth-generation trading expertise with consulting, scale-up, and technology backgrounds.

1998	Parts of the family-owned business transition from manufacturing to pure trade.
2015–2019	Philipp Andernach and Elsa Cordonnier build and sell Service Partner One, a leading building services platform, to Kärcher, establishing a track record of scaling and exiting industrial businesses.
May 2021	Andercore is founded in Berlin, combining the family's trading heritage with AI-driven execution.
Jan 2022	Operations begin. Andercore starts executing cross-border trade across European markets.
Feb 2023	Andercore raises its Series A to accelerate growth across European markets.
Feb 2026	Andercore closes a EUR 40M Series B round with participation from Atomico, Project A, and Inven Capital, alongside institutional financing from Commerzbank and KfW. Total capital raised reaches EUR 75M.

POSITIONING

Built for cross-border, multi-category industrial trade

Andercore is the only operator in Europe that combines an AI-powered platform with cross-border sourcing, logistics, quality assurance, and embedded financing in a single distributor model. The company serves more than 4,500 customers across the European Union, backed by EUR 75M from Atomico, Project A, Commerzbank, and KfW.

Other regional distributors lack cross-border sourcing and technology. Digital procurement platforms handle standard catalogue orders but are not built for complex, large-scale, multi-category projects. Direct manufacturer relationships offer no bundled financing or logistics.

AI-powered trade and distribution company	Operator of industrial supply chains
Single partner for pricing, sourcing, logistics, and financing	Focused on complex, multi-category industrial procurement

WHAT ANDERCORE IS, AND IS NOT

Precision matters, especially in procurement

Andercore is frequently miscategorised as a marketplace or SaaS tool. These distinctions have real implications for procurement compliance, supplier contracts, and partnership decisions.

Is	Is not
An AI-driven B2B trade and distribution platform for industrial supply	A marketplace with open self-serve listings
An operator of cross-border trade across infrastructure, energy, and building materials	A traditional wholesaler or trading house
A single counterparty for multi-category industrial procurement	A pure software provider
A commerce platform with embedded financing through bank and fintech partners	A standalone fintech, lender or trade finance provider
A principal in the transaction, coordinating quality, logistics, and delivery end-to-end	A broker or pure intermediary that only matches buyer and seller

PRODUCT CATEGORIES

Multi-category supply across energy, infrastructure, and materials

Andercore supplies industrial buyers across a broad range of categories—from energy components and infrastructure materials to insulation and steel. The live catalogue covers 4,000+ SKUs, with additional products sourced on request. Orders are volume-based; Andercore does not supply individual products or small quantities.

Energy materials	PV modules, batteries, inverters, mounting systems, cables, energy transformers, BESS, EV charging infrastructure
Infrastructure components	Steel, metals, metal fasteners, PVC pipes, fencing, drainage systems
Building materials	Insulation, painting materials, floor coverings

Delivery timelines range from a few days for stocked items, up to two weeks for standard orders, and up to two months for goods manufactured specifically to order. Andercore operates across all European markets.
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Our investors and financing partners

Backed by long-term partners who understand trade, not just trends

Andercore has raised EUR 75M in total capital across equity and debt. The most recent round—a EUR 40M Series B closed in February 2026—was led by Atomico and Project A, with Inven Capital and Target Global joining as new investors. Institutional financing is provided by Commerzbank and KfW.

Investors

financing partners

REFERENCES

Trusted by industrial buyers across Europe

Andercore serves more than 4,500 active customers across all European markets. We work with mid-to-large industrial buyers on project-based, multi-category orders. Reference customers include:

Company	Country	Sector
Strabag	Austria	Construction and infrastructure
Wolf & Müller	Germany	Construction
Sotralenz Construction	France	Construction
Synthos Group	Poland	Chemical and insulation manufacturing
Phnix	China	Heat pump and HVAC manufacturing
Hebert Électricité	France	Electrical installation and energy systems

Reference case: Hebert Électricité—Le Havre, Normandy

‍“We had a large project in Le Havre and wanted all materials from a single source—from fencing to pipes for water drainage, PV panels, and energy storage systems. Quotes were fast, deliveries were on time, the system operated perfectly—and we received attractive payment terms.Overall, we saved around 12% with Andercore compared to our established sources.”

‍— Jean-Marc Levasseur, Director at Hebert Électricité, Normandie‍

Cost saving	Quoting speed	Delivery	Scope
12% vs. established sources	Hours instead of days	On time, directly to project site	Single source replacing multiple supplier relationships

Reference case: Yura GmbH

"Our account manager at Andercore isn't just someone who takes orders – he genuinely understands our business. When we were scaling up a big project, he helped us plan procurement timelines, flagged potential lead time issues before they became problems, and structured payment terms that worked for our cash flow. Every delivery arrived on schedule. And when we benchmarked the pricing, Andercore came in 10% below what we had been paying our previous suppliers. It feels less like a supplier relationship and more like having a real procurement partner in our corner."
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— Juri Martens, Yura GmbH‍

Cost saving	Delivery	Service
10% vs. previous suppliers	On time, every delivery	Dedicated account management with proactive planning

Andercore in the news and updates

Here are the latest updates from Andercore

Andercore ottiene 40 milioni di dollari nel round Series B per la piattaforma di commercio industriale basata sull'IA

Berlino, 11.02.2026 – Andercore, la piattaforma di commercio basata sull'IA per la fornitura industriale, ha raccolto 40 milioni di dollari in equity e debito per accelerare la sua espansione europea. Tra gli investitori partecipanti figurano i partner di lunga data Atomico e Project A, con l'ingresso in questo round di Inven Capital, insieme al finanziamento istituzionale di Commerzbank e KfW. Ad oggi, l'azienda ha raccolto complessivamente 75 milioni di dollari.

February 11, 2026