Inven, a Helsinki-based fintech startup, has raised $12.75 million (EUR 11.2 million) in Series A funding to rewire how private market transactions are discovered and tracked. The round was co-led by Ventecch and Vendep Capital, and was accompanied by participation from Angel Investor Risto Siilasmaa, founder of F-Secure and former Nokia chairman. Existing investor lifeline ventures and joint effects also took part in the round.
Founded in 2022 by a trio of former McKinsey and BCG consultants, Inven was built around simple but lasting issues. Finding high-quality private market transactions is slow, boring, and often based on outdated data. Old school methods like Excel spreadsheets and static databases are lagging behind as the market is more crowded and fragmented. Inven bets that AI can do better.
Finland’s Inven aims to become the default AI platform for M&A trading procurement with $12.755 billion funding
Using data scrapped from millions of sources, the platform continuously scans over 21 million companies worldwide to identify signals that most investors have never seen. In addition to helping VCs and bankers respond to obvious opportunities, Inven aims to surface what others have missed before it becomes clear.
Today, over 700 companies in Europe and the US use the platform. This includes a mix of investment banks, private equity companies and consultants. Many are trying to reduce the time from sourcing to deal closing.
Niilo Pirttijärvi, CEO and co-founder, said: “AI makes the process faster, revealing previously invisible opportunities, and giving M&A experts a true competitive edge. This new funding promotes a mission to rethink how the world’s best deals are discovered, valued and closed.”
The company said it is growing 670% year-on-year and plans to double or double the triple over the next 12-18 months. Most of the employment is directed towards AI engineering, products and customer success. Inven is also looking at North America as the next big move, and hopes to expand to major financial hubs around the world.
Co-founder and CPO Tommi Kupiainen added: “We’re building AI that will transform the way high-speed teams make better decisions. In a rapidly moving environment, teams don’t have time to dig into the noisy data scattered around.
Investors say they were sold at the strength of the founding team and at the timing of the product.
“From the start, we were impressed with Inven’s deeply talented mission-driven team led by Niilo, Tommi and Ekku, as well as the perfect product market fit that has already been validated alongside our customers.” “Their indisputable FirstMovers advantage is built on its own AI-powered data extraction, and proven traction is located to transform the $12.6 billion M&A data market.”
Sami Ahvenniemi of Vendep Capital reiterated his emotions, saying, “I’m not a fan of my life.”
With fresh capital, a rapidly growing user base and global expansion on display, Inven is positioned as a go-to platform for those looking to make smarter and faster decisions in their private markets before the rest of the market catches up.
🚀Want to share the story?
Submit your stories to TechStartUps.com in front of thousands of founders, investors, PE companies, tech executives, decision makers and tech leaders.
Please attract attention
Source link
