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Procuros Raises €20M for AI Supply Chain Connectivity

Hamburg-based Procuros, a supply chain connectivity platform, has raised €20 million in Series A funding. The round was led by XAnge, with participation from new investor W23 and existing backers Point Nine, Creandum, and b2venture, alongside angel investors. Founded in 2021 by Patrick Thelen and Benjamin Bradford, Procuros replaces fragmented B2B data exchange methods like EDI with a unified platform that validates and harmonizes data, enabling AI agents to automate supply chain transactions. The platform reduces manual processing by up to 95% with 99%+ data accuracy, serving over 300 customers in DACH and UK, including Breuninger and flaconi, and processing over €3 billion in annualized order volume. The funding will scale go-to-market activities, enhance AI-native infrastructure, and support international expansion into Europe and the US.