Engagement — Platform Due Diligence
Code & Co. advises Partech on Tech & Product Due Diligence ahead of its investment in Mercanis an Agentic-AI Procurement Suite.
In its latest Series A round, Mercanis, a Berlin-based startup for Agentic-AI procurement solutions, has raised over $20 million. The round was led by new investors Partech and AVP, with additional funding from existing investors, including Signals.VC, Capmont Technology, and Speedinvest. The additional capital will be used to further strengthen the company's leadership position in Agentic-AI and accelerate its international expansion, including entry into the U.S. market.
Scope of Work
Code & Co. reviewed Mercanis’ modular platform, assessing its architecture, infrastructure, applied AI capabilities, and robust security measures.
Additionally, Code & Co. evaluated the company’s product roadmap, integration strategy, and onboarding approach in the context of operational scalability.
The review concluded with an assessment of the engineering organization, software development lifecycle, and event-driven system design.
About Mercanis
Mercanis offers an Agentic-AI Procurement Suite that covers the entire procurement process – from supplier selection to contract signing. The solution includes four key modules: Spend Analytics, Sourcing & Request Processes (RFx), Supplier Management (SRM), and Contract Management. With the integrated Mercu AI Co-Pilot, repetitive tasks like supplier discovery, risk detection, intake management and offer comparison are automated, leading to significant efficiency improvements and over 40% process savings. Founded in 2020 by Fabian Heinrich and Moritz Weiermann, Mercanis supports prominent clients like BASF-Coatings, GASAG, Goldbeck, Wilson, and Brose in digitizing their procurement processes. The company is based in Berlin and currently employs over 40 people.www.mercanis.com
About Partech
Partech is a global tech investment firm headquartered in Paris, with offices in Berlin, Dakar, Dubai, Nairobi, and San Francisco. Partech brings together capital, operational experience, and strategic support to back entrepreneurs from seed to growth stage. Born in San Francisco 40 years ago, today Partech manages €2.5B AUM and a current portfolio of 220 companies, spread across 40 countries and 4 continents.https://partechpartners.com