As a vital strategic function, procurement now operates within a global economy impacted by inflation, supply chain disruptions, increasing tariffs, geopolitical tensions, and fluctuating energy and raw material prices. Despite this, many teams rely on outdated tools that struggle to address today’s complexities. Compri tackles this challenge head-on, transforming procurement through intelligent automation solutions.
AI’s growing adoption in procurement transforms complex tasks such as spend analysis, supplier management, and risk mitigation. AI tools increasingly automate repetitive tasks, enhance decision-making, and improve cost savings. Today, Compri, an AI-powered procurement automation platform, announced a €1.6 million pre-seed round led by Italian Founders Fund (IFF) and DFF Ventures. The round also included prominent tech and procurement executives, including Carl Tremblay, former Head of Growth at Plaid, and Giacinto Carullo, Chief Procurement Officer at Leonardo.
In an exclusive interview with TFN, Compri said: “The funding will be used to expand the team, primarily commercial and tech, and build AI agent features to automate our clients’ operational work.”
The new funding will help scale Compri’s platform across Europe. It targets over 70,000 companies, including 15,000 in Italy, representing €4 trillion in corporate spending. Ideal customers generate between €10 million and €1 billion in revenue, operate in under-digitalized industries, and manage complex, regulated supply chains.
How Compri reduces manual procurement work by up to 50%
Founded by Edoardo Arbizzi, previously at Accenture and Ferrari, and Edoardo Gava, former VC at Milano Investment Partners, Compri focuses on mid-market companies, particularly in manufacturing. Its AI solution reduces manual procurement work by up to 50% and drives annual savings of up to 10%, directly improving margins.
The idea for Compri emerged from the founders’ work with private equity-backed companies, where Procurement and Operational Excellence consistently proved to be powerful value drivers. They realised that insights typically uncovered by consultants could now be delivered at scale through AI — unlocking significant value and reducing dependency on external advisory. Compri’s focus on integrating ESG ratings into its platform aligns with the growing importance of sustainability in procurement decisions.
Compri informed us: “Industrial companies lack a reliable platform to manage their procurement and expenditure needs. They don’t oversee their spending, vendors, or performance. Additionally, they spend countless hours on manual tasks reconciling and updating data, all of which could be automated. This is a clear market need.”
Compri is already onboarding industrial clients with revenues between €20 million and €300 million and expects to manage over €500 million in spending through the platform in the coming months. Its engineering team, focused on ongoing product innovation, includes data and machine learning experts from unicorns such as Lansweeper, Satispay, and Scalapay.
Behind the platform: connecting internal data with external resources
The platform connects internal company data — ERP systems, emails, financial documents — with external sources like market indices, news, credit scores, and ESG ratings. This powers a growing suite of AI agents that autonomously handle procurement tasks such as supplier communications, document exchanges, and ERP updates. These agents eliminate repetitive work, allowing procurement teams to focus on high-impact, strategic decisions.
Unlike competitors such as SAP Ariba, Ivalua, and Coupa, Compri automates up to 50% of procurement tasks through AI agents and unlocks up to 10% in savings via smarter spend management. It’s like adding an expert procurement team that works alongside you but at a fraction of the cost. Built with direct input from procurement leaders, the company boasts a strong team with serious founder-market fit and a clear, inspiring vision.
The immediate impact of Compri’s platform is reassuring. Teams gain real-time visibility into supplier performance, identify inefficiencies, and improve their negotiation position. Compri also ensures supply chain compliance, reduces workloads, and lowers the risk of regulatory penalties. “The feeling is like having an extra Procurement team working alongside you — but it’s just AI magic,” said Edoardo Arbizzi.
“We immediately saw great potential in Compri,” said Lorenzo Franzi, Partner at Italian Founders Fund. “It’s perfectly positioned within the Italian and broader European markets, where there is a huge opportunity to boost corporate efficiency through smart automation. We’ve known the founders for a long time and are excited to back their execution-driven approach and strong vision. Partnering with DFF Ventures also reflects a renewed confidence in Italian innovation.”
“At DFF, we like niche solutions for massive markets — especially in highly under-digitized industries,” said Laurens Groenendijk, General Partner at DFF Ventures. “Procurement teams oversee millions in spending, yet many still rely on clunky and outdated technology. Compri gives SMEs complete visibility into what they’re buying, from whom, and at what cost — without manual reconciliation or delays. It’s like having a procurement analyst on steroids, fully automated. We’re proud to support Compri as our first investment in Italy. Their deep market knowledge and getting-things-done attitude are exactly what we look for.”
The post Exclusive: Milan-based Compri snaps €1.6M to introduce the “procurement on autopilot,” modernising B2B Purchasing with AI appeared first on Tech Funding News.