Founded in 2020 and based in Berlin, 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. An integrated Mercu AI Co‑Pilot automates repetitive tasks such as supplier discovery, risk detection, intake management, and offer comparison. Clients named in the article include GASAG, BASF Coatings, Goldbeck, Wilson, and Brose. The company will use new funding to enhance its agentic‑AI capabilities, scale its procurement suite globally, and enter new markets with a strong focus on U.S. expansion. Mercanis has secured over $20M in Series A financing as of June 2025. Mercanis is a Berlin-based procurement suite that specializes in sourcing and supplier management, using data insights and Artificial Intelligence to support purchasing decisions and supplier interactions. Its product suite emphasizes Spend Analytics, Sourcing & Request Events (RFx), Supplier Management (SRM), and Contract Management. The software already employs large language models for contract analysis and autonomous sourcing and leverages AI-driven data insights across the platform. Mercanis serves global customers including Linde, Wilson, Arcteryx, Hypoport and notable Mittelstand firms such as weinor, Oventrop and Frutiger. Founded in 2020, the company plans to further develop its AI-powered procurement platform, focusing on product development and deeper LLM integration. It recently raised $10M in Seed funding to support R&D, customer growth, and team expansion.

Total raised

$30M

Funding rounds

2

Latest round

Series A

Latest activity

Jun 2025