Procuros reports €20 million Series A for B2B trade infrastructure
EU-Startups reports XAnge led the Hamburg-based company’s round, with W23 joining existing investors. The report gives no planned use of proceeds.
Procuros says it has raised €20 million in a Series A led by XAnge, with W23 entering as a new investor. Existing backers Point Nine, Creandum and b2venture also participated, according to EU-Startups. The report describes the financing as support for Procuros’s AI-powered B2B trade infrastructure.
The reported transaction concerns a Hamburg-based supply chain connectivity platform, rather than a regulatory decision or public authority action. No regulator, legal status or formal filing is identified in the source material. The report provides no company response on a legal matter; it does include statements from Procuros’s co-founder and XAnge’s Valerie Bures-Bönström.
Funding builds on earlier rounds
EU-Startups says Procuros raised €1 million in pre-Seed funding in 2021, followed by an €8.3 million Seed round in 2022. The new Series A is led by XAnge, which the report describes as based in Paris and Berlin. It also states XAnge has around €600 million in assets under management and forms part of the Siparex Group.
W23 is identified as a new investor in this round, with Point Nine, Creandum and b2venture following on. The report also refers to several angel investors, without naming them. It does not set out the amount contributed by any individual investor, nor does it disclose a valuation or the allocation of the proceeds.
Procuros links suppliers and retailers
The company’s platform is described as a shared data layer for suppliers and retailers. Businesses connect to Procuros once and can then exchange information with trading partners using different systems, formats and technical arrangements. Procuros says it validates data on both sides of a transaction, avoiding separate point-to-point integrations.
Supplier workflows include orders, shipping notices, invoices and logistics information routed into ERP systems. Retailer services include supplier connectivity, EDI links, e-invoicing and automated invoice reconciliation. The source says many trade documents still move as PDFs, spreadsheets or fax, while the underlying supply chain infrastructure is old.
Procuros claims more than 300 customers across DACH and the UK. EU-Startups names Breuninger, Chefs Culinar, KoRo, flaconi, The Quality Group ESN and Hitschler among them. The company also claims 99%+ data accuracy and up to 95% less manual processing; the source does not describe an independent verification method for these performance figures.
Statements and information gaps
Patrick Thelen, CEO and co-founder, said the company aims to connect retailers, suppliers and AI agents with reliable data. Bures-Bönström said XAnge sees potential to take the model beyond its home market. These are attributed statements about the company’s purpose and investor view, rather than independently established outcomes.
The source does not specify a timetable for any geographic expansion or how the new capital will be spent. It also does not provide a valuation, investor-by-investor contributions, or details about the unnamed angel investors. Those points remain undisclosed in the report.
Procuros was founded in 2021 by Thelen and Benjamin Bradford, according to EU-Startups. The financing terms are the clearest disclosed development: a €20 million Series A led by XAnge, with W23 joining and three existing backers participating again. Further company statements would be needed to establish the round’s planned uses and execution timetable.