Procuros Raises €20M to Build the Infrastructure for AI-Powered B2B Trade

Hamburg-based B2B technology startup Procuros has raised €20 million in Series A funding to build infrastructure that could allow AI agents to automate transactions between businesses across global supply chains.

The round was led by XAnge, with W23 Global joining as a new investor. Existing backers Point Nine, Creandum, b2venture, and SquareOne also participated alongside angel investors.

Procuros plans to use the funding to expand sales, develop its AI supply chain infrastructure, and grow internationally across Europe and the United States.

The company says more than 300 businesses already use its network, with over €3 billion in annualised order volume flowing through the platform.

Its larger ambition is to become the connectivity and data layer that allows businesses and AI agents to exchange reliable transaction information without building a separate integration for every trading relationship.

The B2B trade problem hiding behind PDFs and spreadsheets

A surprising amount of business-to-business commerce still depends on outdated methods of exchanging information.

Orders, invoices, dispatch notices, and other documents can arrive as PDFs, spreadsheets, or even faxes. Companies then have to move that information between different enterprise systems, often manually.

The problem becomes larger every time a business adds a new trading partner.

Traditional electronic data interchange, or EDI, typically connects businesses through individual integrations. A retailer and supplier may establish one connection, but adding another supplier can require another integration project.

These projects can take months and require IT teams from both organisations to coordinate systems, formats, and data requirements.

Employees then fill the remaining gaps.

They enter information manually, chase missing documents, correct errors, and deal with exceptions when systems do not communicate properly.

Procuros believes this infrastructure is no longer suitable for an increasingly automated B2B economy.

Connect once, trade with anyone

Procuros was founded in Hamburg in 2021 by Patrick Thelen and Benjamin Bradford.

Its approach is based on a network rather than individual connections.

A business connects to Procuros once and can then exchange data with trading partners regardless of their underlying systems or technical capabilities.

The platform validates and harmonises information between businesses, reducing the need for companies to build separate point-to-point integrations for each new relationship.

That means the company is not simply trying to replace paper documents with digital documents.

It wants to create a common layer through which different businesses can exchange structured transaction data.

The company also positions its technology as a step beyond traditional EDI, optical character recognition, and manual data exchange.

That matters for AI.

An AI agent cannot reliably automate a purchase order, invoice, or supplier interaction if the underlying information is incomplete, inconsistent, or trapped inside incompatible systems.

Procuros believes its network can provide the structured and contextual data that AI agents need to operate across company boundaries.

More than €3B in annualised order volume

Procuros says more than 300 companies across Germany, Austria, Switzerland, and the UK are using its platform.

Its customers include Breuninger, Chefs Culinar, KoRo, flaconi, The Quality Group, and Hitschler.

More than €3 billion in annualised order volume currently flows through the network.

One customer, Niche Beauty, says it moved 100 existing suppliers onto Procuros in a single week.

The company has also grown its team to more than 50 people, according to its website.

For Procuros, these customers provide an important test of whether a network-based model can actually replace the fragmented integrations that have traditionally connected B2B trading partners.

The more companies that join the network, the more useful the network can potentially become for other participants.

XAnge is betting on the layer underneath AI agents

XAnge led the Series A because it sees Procuros as infrastructure rather than another specialised procurement application.

Valerie Bures-Bönström, partner and managing director for DACH at XAnge, said the company has already demonstrated its model at scale in the DACH region and now has an opportunity to expand into other markets.

That distinction is important.

Many AI startups are building agents that perform individual procurement and supply-chain tasks.

Procuros is positioning itself underneath those agents.

Its argument is that autonomous B2B commerce needs reliable connectivity first. An AI agent can decide what to order, negotiate with a supplier, or process an invoice, but it still needs a way to exchange that information with another company's software.

Procuros wants to provide that missing connection.

A huge B2B commerce market

The potential market is enormous.

Research and Markets valued global B2B e-commerce at $19.34 trillion in 2024 and expects the market to reach $47.54 trillion by 2030.

That growth could create more demand for software that connects businesses and automates the operational work surrounding transactions.

But Procuros is competing in a market that already has several AI-native companies targeting procurement and supply chains.

Freehand raised $75 million in July 2026 to deploy AI agents across supply-chain spending for companies including Meta and Unilever.

London-based Magentic raised an $18 million Series A in September, taking its total funding to $23.5 million. Its AI agents handle procurement decisions, supplier interactions, and purchase orders for manufacturers.

Atomic raised $12.5 million in Series A funding on September 29 and says its AI already handles 90% of purchasing across hundreds of DoorDash DashMart locations.

Didero also raised $30 million in February for AI-powered procurement agents.

These companies are primarily selling automation at the task or workflow level.

Procuros is taking a different position.

The infrastructure layer for autonomous trade

The company's thesis is that AI agents will eventually need to transact directly with other businesses.

Imagine an AI agent identifying that a retailer needs more inventory. It could select a supplier, place an order, exchange shipping information, process the invoice, and update the retailer's ERP system without employees manually moving information between platforms.

For that to work across multiple companies, the underlying systems need to communicate.

That's the layer Procuros wants to provide.

Its platform could allow an agent operating inside one company to exchange structured information with an entirely different system used by a supplier.

This is also why the company's international expansion matters.

B2B trade crosses borders, currencies, enterprise software systems, and regulatory environments. A connectivity layer that works only within one country or one ERP ecosystem would have limited value.

Procuros is therefore using the new funding to expand beyond its DACH base into other European markets and the US.

W23 Global's participation is also relevant to that strategy. The fund is backed by five grocery retailers, including Tesco, Ahold Delhaize, and Woolworths Group, giving it exposure to large businesses that depend heavily on supplier networks and B2B transactions.

What Procuros needs to prove

Procuros already has more than 300 customers and €3 billion in annualised order volume running through its network.

The harder challenge is turning that initial network into a much larger global infrastructure layer.

The company needs to convince businesses that connecting through a shared network is better than maintaining their existing integrations.

It also needs to demonstrate that AI agents can safely operate using the data flowing through the platform.

That means accuracy matters.

An incorrectly interpreted purchase order or invoice is not just a software error. It can result in incorrect shipments, payment disputes, inventory problems, or lost revenue.

For now, Procuros is betting that reliable connectivity and structured data will become as important to autonomous B2B commerce as the AI agents themselves.

The €20 million Series A gives the company capital to expand internationally and build that infrastructure.

If AI agents eventually start placing orders and conducting routine transactions without human intervention, the companies providing the connectivity underneath those agents could become some of the most important pieces of the new B2B software stack.