Mercanis Raises $10M in Seed Funding
Summary
Mercanis, a Berlin, Germany-based procurement suite solution that specializes in sourcing and supplier management, 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. Founded in 2020 by Fabian Heinrich and Moritz Weiermann, Mercanis uses data insights and Artificial Intelligence to allow businesses to make purchasing decisions and interact with service providers. The primary focus will be on product development, including further leveraging Artificial Intelligence (AI) within the Mercanis procurement suite. Mercanis is already a partner for global companies like Linde, Wilson, Arcteryx, Hypoport, and prominent Mittelstand players such as weinor, Oventrop, Frutiger.
Funding
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