Andercore Secures €30M Revolving Credit Facility from UniCredit and KfW to Accelerate Growth and European Expansion

Andercore operates in the world’s largest commercial system

Andercore operates in the world's largest commercial system: global wholesale - tens of trillions of dollars in annual trade, still run largely by hand. The sector remains fragmented, with inflated costs and limited direct market access for international suppliers. Andercore executes end-to-end: it sources from international partners and supplies European customers on its own account, with AI orchestrating quality, pricing, sales, logistics, and embedded financing.

The edge is proprietary data. Real-time demand and supply signals let Andercore steer product and capital with precision, trading against confirmed demand and supply rather than speculative stock with balance sheet bets. The model stays asset-light, with no inventory or price risk – working capital simply covers the gap between paying partners and collecting from customers.

This latest facility from two of Europe's most established financial institutions adds funding capacity that Andercore can deploy directly into growing trade and distribution volume. The new facility complements an equity base that includes Atomico, Inven Capital, Project A, and Target Global. The combination of strong equity and senior bank debt gives Andercore a capital structure matched to its ambition: building the supplier of record for industrial materials from Europe.

The efficient funding structure is what lets Andercore's architecture scale: more credit means more simultaneous trades, more volume distributed, and faster delivery to customers. That is what the partnership with UniCredit and KfW is built for. The new funding line is structured to support working capital and Andercore's continued international expansion, deepening a banking relationship designed for the next phase of growth across Europe.

"This facility is built to grow our trade volume," said Philipp Andernach, Founder and CEO of Andercore. "We have raised significant equity from leading investors, and senior debt from UniCredit and KfW allows us to grow faster and more efficiently. More credit means more simultaneous trade and distribution, more volume to customers, and faster delivery – all without diluting what we have built."

“Andercore's growth, its management, its vision, and the quality of its lean, AI-enabled operations gave us strong confidence in supporting the company with this financing,” said Isabelle Müller, Relationship Manager, Tech Industry Coverage, HypoVereinsbank/UniCredit. 

“Together with KfW, we are pleased to provide a financing structure that supports the scalability of Andercore’s AI platform and enables further growth in European markets. This financing underlines our joint commitment to supporting innovative, high-growth companies across Europe,” said Patrick Lindstädt, Head of Tech Industry Coverage, HypoVereinsbank/UniCredit.

The financing positions Andercore to accelerate across Europe, in one of the largest and most fragmented sectors of the global economy.

About Andercore

Andercore is the AI-native supplier of industrial materials for energy and infrastructure, executing trade and distribution end-to-end. Founded in 2021 and headquartered in Berlin, Andercore trades globally and distributes locally to customers across Europe. AI orchestrates sourcing, quality, pricing, sales, logistics, and embedded financing across an asset-light model that carries no risk from inventory or price volatility. Andercore is backed by Atomico, Inven Capital, Project A, and Target Global, and supported by institutional European banks.