Finnish startup secures $6 million seed to expand its M&A intelligence platform

Helsinki-based startup Comparables.ai has raised six million dollars in a seed funding round to expand its artificial intelligence-powered mergers and acquisitions intelligence platform globally. The investment was led by Pragmatech Venture Capital and Araya Ventures, with participation from Purple Ventures, Gorilla Capital, hi5 Ventures, Somersault Ventures, and other backers.

The company offers an artificial intelligence-driven platform designed to help corporate development teams, private equity firms, mergers and acquisitions advisors, and investment banks discover and analyze companies. The platform combines data on a vast number of businesses to streamline the dealmaking process.

Comparables.ai was founded by Niko Nalli, Markus Vesala, Martin Kangasniemi, and a fourth co-founder. The founding team combines backgrounds in mergers and acquisitions advisory and applied machine learning, with the goal of using technology to solve the information asymmetry that traditionally defines mid-market dealmaking.