Funds for M&A Intelligence Provider Comparables.ai

Finnish company Comparables.ai, which provides intelligence for use in M&A deals and related areas of financial services, has raised $ 6 million in seed funding, with which to support geographical expansion and further develop its core AI engine.

Headquartered in Helsinki, the company is led by co-founders Niko Nalli, Markus Vesala and Martin Kangasniemi, along with CTO Muhammad Ammad-ud-din, and provides AI-powered discovery, screening and analysis of private company financials, group structures, valuation data, M&A deals and verified contacts for more than 370 million companies worldwide.

The firm says its data sources also include 'professional intent, and thousands of expert opinions globally'. Buyers, sellers and advisors in more than 30 countries - including corporate development teams, private equity firms and M&A specialists - use its solutions for rapid market mapping, benchmarking and to spot opportunities.

Co-founder Kangasniemi (pictured) says enterprise customers 'are expanding across regions, including a Big Four advisory firm extending its deployment to more than 10 countries.'

The round was co-led by Pragmatech and Araya Ventures, joined by Purple Ventures, Gorilla Capital, hi5 Ventures, Somersault Ventures and others.

Web site: www.comparables.ai .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.