YPOG has provided comprehensive legal advice to the venture capital investors Atomico and Project A on the USD 40 million Series B financing round of Berlin-based industrial tech company Andercore. Andercore operates an AI-powered trading platform for industrial supplies that makes global supply chains in sectors such as infrastructure, energy and construction more efficient, transparent and resilient.
The financing combines equity and debt and is intended to accelerate Andercore’s further growth in Europe. In addition to Atomico and Project A, participants in the round included Inven Capital as well as institutional investors such as Commerzbank and KfW. In total, Andercore has raised around 75 million USD since its founding.
Andercore focuses on key industrial categories with an annual demand volume of more than 200 billion EUR in Europe. The company operates an asset-light trading model, buying from international suppliers and selling to local buyers, while the AI platform manages the entire trading cycle from pricing and bid management through quality assurance and logistics to integrated financing solutions. Andercore now processes thousands of transactions per month in seven European markets. The company employs around 80 people across Europe and Asia and operates from its headquarters in Berlin as well as locations in India and China.
YPOG regularly advises leading investors, startups and technology companies on growth financings, transactions and structuring matters in the tech and AI sector.
Team for Atomico
Dr. Benjamin Ullrich (Lead, Transactions), Partner, Berlin
Dr. Sebastian Schwarz (Tax), Partner, Berlin
Dr. Benedikt Flöter (IP/IT/Data Protection), Partner, Berlin
Matthias Treude (IP/IT/Data Protection), Senior Associate, Hamburg
Team for Project A
Dr. Frederik Gärtner (Lead, Transactions) Partner, Berlin
Sjard Seeger (Transactions), Associate, Berlin
Sarah Sostak (Corporate), Associate, Berlin
About Atomico
Atomico invests in breakout tech founders at Series A and beyond, with a particular focus on Europe, leveraging its extensive operational experience to accelerate their growth. Since its founding in 2006, Atomico has partnered with more than 100 ambitious teams, including those at Klarna, Supercell, Graphcore, Compass, MessageBird, Masterclass, Attentive Mobile, Pipedrive and Hinge Health. Atomico’s team of founders, investors and operational leaders has been responsible for global expansion, hiring and marketing at companies ranging from Skype and Google to Twitter and Uber. The firm currently has 4 billion USD in assets under management.
About Project A
Project A is a leading European early-stage investor with assets under management of 1.2 billion EUR. The firm supports ambitious founders from idea to scale-up with capital, operational expertise and a unique studio model. Its investment focus is on future-defining areas such as fintech, European resilience, global supply chains and the future of autonomous work. The portfolio includes, among others, Trade Republic, Sennder, Zepz and Quantum Systems.
Kontakt
About us
YPOG stands for You + Partners of Gamechangers – forward-thinking legal and tax advice. Supporting companies that are focused on emerging technologies, YPOG embraces change as an opportunity to develop cutting-edge solutions. The YPOG team offers comprehensive expertise in the areas of Funds, Tax, Transactions, Corporate, Banking, Regulatory + Finance, IP/IT/Data Protection, Litigation, and Corporate Crime + Compliance + Investigations. YPOG is one of the leading law firms in Germany for venture capital, private equity, fund structuring, and the implementation of distributed ledger technology (DLT) in financial services. Both the firm and its partners are regularly recognized by renowned national and international publications such as JUVE, Best Lawyers, Chambers and Partners, Leaders League, and Legal 500. YPOG is home to more than 180 experienced attorneys, tax advisors and tax specialists as well as a notary, working across offices in Berlin, Cologne, Hamburg, Munich, Cambridge and London.
Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog