Berlin-based Mercanis is a procurement suite solution that specializes in sourcing and supplier management, and has raised $10M in Seed funding. The round was led by Singals.VC, DI Technology, and Speedinvest, with participation from Dr. Ulrich Piepel, Dr. Marcell Vollmer, Mirko Novakovic (Instana), and Victor Jacobsson.
The company will use the funds for R&D, to develop its AI-powered procurement platform, grow its customer base, and expand its team.
Founded in 2020 by Fabian Heinrich and Moritz Weiermann, Mercanis uses data insights and artificial intelligence to help businesses make purchasing decisions and interact with service providers. The company's software already uses large language models (LLMs) in contract analysis and autonomous sourcing.
Mercanis offers a comprehensive set of products that emphasize four key areas: spend analytics, sourcing and request events (RFx), supplier management (SRM), and contract management. The company's customers include global companies like Linde, Wilson, Arcteryx, Hypoport, and prominent Mittelstand players such as weinor, Oventrop, and Frutiger. https://www.altdaq.com/berlin/ventures/mercanis
