German AI Startup Mercanis Raises $10M to Revolutionize Procurement
Berlin based artificial intelligence startup Mercanis has successfully raised $10 million in a seed funding round to accelerate the development of its AI driven procurement platform.
The round was led by Signals.VC, DI Technology, and Speedinvest, with notable angel investors such as Dr. Ulrich Piepel, Dr. Marcell Vollmer, Instana founder Mirko Novakovic, and Klarna’s Victor Jacobsson also participating.
German AI Firm Mercanis Lands $10M to Digitize Purchasing
Founded in 2020 by Fabian Heinrich and Moritz Weiermann, Mercanis aims to revolutionize enterprise purchasing processes through intelligent automation.
Its platform offers modular solutions across spend analysis, supplier management, sourcing, and contract handling.
By leveraging cutting edge large language models (LLMs), Mercanis enables automated contract review and streamlined sourcing workflows, delivering cost savings exceeding 40% for its clients.
Mercanis serves a diverse client portfolio including industry leaders like Linde, construction materials company Wilson, and outdoor brand Arcteryx.
These partnerships underscore the startup’s commitment to helping organizations digitize procurement and gain a competitive edge.
The fresh capital will be invested in accelerating product innovation, expanding market reach, and growing the team to support scaling efforts.
Mercanis is positioning itself to become a leading force in AI powered procurement solutions across Europe and beyond.
Addressing the complexity and high costs typical of procurement, Mercanis uses AI to simplify and optimize purchasing, helping companies operate more efficiently while reducing expenses.
Backed by this funding, the startup is rapidly advancing its vision of digital transformation in procurement.
