In a major funding milestone, Berlin-based startup Mercanis has raised over $20 million in a Series A round. The investment was led by Partech and AVP, with support from existing backers like Signals.VC and Speedinvest. Mercanis builds Agentic-AI tools that simplify procurement tasks for companies. It already works with industry leaders like GASAG, BASF-Coatings, and Goldbeck.
CEO Fabian Heinrich says the new funding will help the company expand into the U.S. and strengthen its AI platform. “In uncertain times, our technology helps firms protect their supply chains and bottom lines,” he said. With procurement becoming more complex, Mercanis sees a clear need for automation that delivers real savings. Its software claims to reduce process costs by over 40%.
Agentic-AI: Turning Procurement into a Smarter, Faster Workflow
Founded in 2020 by Fabian Heinrich and Moritz Weiermann, Mercanis is reshaping how companies manage procurement. At the center is its Agentic-AI Procurement Suite, a cloud-based platform with four core modules. These include Spend Analytics, Sourcing & Request Processes, Supplier Management, and Contract Management. The suite is powered by intelligent agents that perform routine procurement tasks.
Mercanis also offers a digital assistant, Mercu AI Co-Pilot, which automates supplier discovery, risk checks, and offer comparisons. These tools not only save time but also help teams find better deals. “With Mercanis, what used to take days now takes hours,” said Uwe Kreplin, Head of Procurement at GASAG. The AI constantly reviews data to spot cost-saving chances and improve decision-making. Unlike traditional procurement tools, Mercanis focuses on end-to-end process optimization, not just data reporting.
Efficiency Gains Drive Adoption, But Global Growth Brings New Tests
Mercanis reports that its customers have seen a 2.5x boost in procurement efficiency and a 12x return on investment. Clients like Brose and Wilson now handle billions in spend through the platform. GASAG, a key customer, credits Mercanis for transforming its supplier engagement model. By automating complex tasks and simplifying collaboration, teams respond faster to market shifts. “It’s a must-have for modern procurement,” said Kreplin.
The company has grown to 40 employees and has earned trust from large corporations. Still, global growth will test the platform’s ability to scale. Expanding into the U.S. means adapting to new supply chain environments and regulatory frameworks. CEO Heinrich sees this as a strategic move. He believes AI in procurement will become vital amid global uncertainty. With fresh capital, Mercanis aims to meet that demand across industries and borders.
AI Signals a Broader Shift in Procurement Technology
Mercanis is not just modernizing procurement; it is setting the pace for how AI Agents can simplify business operations. The strong backing from both new and existing investors highlights confidence in its approach. “Their product drives adoption at scale,” said Magda Poslusny of Partech. Mercanis’ blend of automation and analytics resonates with firms under pressure to cut costs and improve agility.
As it enters new markets, especially the U.S., the challenge will be maintaining performance while serving diverse clients. But its early success shows a real appetite for smarter procurement tools. With AI transforming how decisions are made and tasks are done, Mercanis is well-positioned to lead this change.
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