Autonomous B2B trade gets a boost as Procuros raises €20M

Hamburg-based software company Procuros has secured €20 million in Series A funding to enhance its AI-driven supply chain connectivity platform and broaden its international presence. The investment round was spearheaded by XAnge, with Point Nine, Creandum, b2venture and several angel investors joining as co-investors. Procuros aims to streamline data exchange among businesses in supply chains, a sector plagued by fragmented systems and reliance on outdated electronic data interchange (EDI), individual integrations, and manual processes.

These traditional methods often result in the use of PDFs, spreadsheets and faxes, forcing employees to manually input data, monitor documents, rectify errors and manage exceptions. Integrating trading partners can also consume months and demand substantial technical resources from both parties. Procuros intends to disrupt this point-to-point model by enabling companies to connect once and exchange data with diverse trading partners, irrespective of their systems, formats or technical proficiencies.

The platform validates and harmonises exchanged data, establishing a common layer that AI agents can utilize to automate supply chain transactions. Procuros' CEO and co-founder, Patrick Thelen, emphasized that while AI advances rapidly, supply chains persist on antiquated infrastructure, burdening operations teams with bridging gaps between incompatible systems.

Thelen affirmed that Procuros was created to rectify this issue, providing retailers, suppliers and AI agents with the connectivity and trusted data necessary to automate trade and realize autonomous supply chains. According to XAnge's Valerie Bures-Bönström, the company has proven its scalability in the DACH region and holds potential for global expansion.

Bures-Bönström highlighted Procuros' ability to construct infrastructure enabling AI agents to operate across trading networks, positioning the firm to venture beyond its home market and create a new category in global B2B trade. The newly acquired funds will be allocated towards scaling go-to-market efforts, advancing AI-native supply chain infrastructure, and accelerating international penetration, ultimately allowing more businesses to join Procuros' network and empower AI agents to manage an expanding array of workflows across companies and markets.