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

What happened

Hamburg-based software company Procuros has raised €20 million in aSeries A funding round to further develop its AI-native supply chainconnectivity platform and expand internationally. The round was led by XAnge , with existing investors Point Nine, Creandum and b2venture participating alongside several angel investors.

Procuros is developing infrastructure designed to simplify how businesses exchange data across supply chains. The company is addressing a fragmented system in which businesses rely on traditional electronic data interchange (EDI), individual integrations and manual processes to exchange documents such as orders, dispatch advices and invoices.