Procure AI, a London-based startup developing “AI-native procurement and supply chain management” technology, has raised $13m (£9.8m) in seed funding.
Founded in 2021, Procure AI was created with issues of B2B procurement complexity and constraints in mind, made all the more important this year amid increasingly difficult to predict global tariff policy.
The startup said its tech can deliver measurable cost reductions and operational efficiency to businesses by offering an AI-native procurement platform that integrates existing fragmented data, rather than replacing entire existing systems.
The Procure AI platform deploys dozens of AI agents across three categories: autonomous agents that execute procurement tasks independently, collaborative agents that augment human decisions, and ambient agents providing proactive support.
“We’re at an inflection point where procurement can no longer be a manual, people-intensive function,” said Konstantin von Büren, co-Founder and co-chief executive at Procure AI.
“Our enterprise clients are telling us they need to process three times the volume of sourcing events with flat or declining headcount. The only way forward is through AI agents that can operate autonomously whilst maintaining the rigour and compliance that procurement demands.”
The investment round was led by Headline and included participation from C4 Ventures, Futury Capital and angels from the procurement industry.
“Most procurement AI tools solve isolated problems. Procure AI solves the system,” said Dominic Wilhelm, a partner at Headline.
“Their end-to-end platform addresses the fragmented data and manual processes that plague procurement operations, delivering measurable ROI across the entire workflow. That’s why enterprises like EnBW and Kärcher have made them their AI platform for procurement.”
