Mercanis, a Berlin, Germany-based startup that provides an agentic-AI procurement platform, has raised over $20 million in Series A funding.
Investors
The round was led by Partech and AVP, with participation from existing investors Signals.VC, Capmont Technology, Speedinvest, and prominent business angels, including Dr. Ulrich Piepel, Dr. Marcell Vollmer, Mirko Novakovic, and Victor Jacobsson.
Founded in 1982, Partech is a global investment firm specializing in technology and digital companies across various stages, from seed to growth. It manages approximately €2.5 billion in assets and maintains a diverse portfolio of around 220 companies across 40 countries and four continents. The firm has an international presence with offices in Paris, Berlin, Dakar, Dubai, Nairobi, San Francisco, and Lagos.
AVP is an independent global tech investment firm based in Paris, with offices in New York and London. It manages over €2.5 billion in assets across four strategies: venture, early growth, growth, and fund-of-funds. AVP backs high-growth deep-tech and tech-enabled companies across Europe and North America and has invested in more than 60 tech companies since its launch in 2016.
Mercanis Use of Funds
The company will use the funds to enhance its agentic-AI capabilities, scale its procurement suite globally, and enter new markets, with a strong focus on U.S. expansion.
About Mercanis
Founded in 2020 by Fabian Heinrich and Moritz Weiermann, Mercanis offers an Agentic-AI procurement suite that covers the entire procurement process – from supplier selection to contract signing. The solution includes four key modules: spend analytics, sourcing & request processes, supplier management, and contract management. With the integrated Mercu AI Co-Pilot, repetitive tasks like supplier discovery, risk detection, intake management, and offer comparison are automated. Based in Berlin, Germany, its clients include GASAG, BASF Coatings, Goldbeck, Wilson, and Brose.
Funding Details
Company: Mercanis
Raised: $20.0M+
Round: Series A
Funding Date: June 2025
Lead Investors: Partech, AVP
Additional Investors: Signals.VC, Capmont Technology, Speedinvest, Dr. Ulrich Piepel, Dr. Marcell Vollmer, Mirko Novakovic, Victor Jacobsson
Company Website: https://www.mercanis.com/
Software Category: Procurement / Enterprise AI / SaaS
Source: https://avpcap.com/mercanis-secures-over-20-million-in-series-a-round/