Helsinki-based Comparables.ai, an AI-powered M&A intelligence platform, has raised $6 million in a seed funding round led by Pragmatech Venture Capital and Araya Ventures, with participation from Purple Ventures, Gorilla Capital, hi5 Ventures, and Somersault Ventures, as Vestbee was informed.
- Launched in 2021 by Niko Nalli, Markus Vesala, Martin Kangasniemi, and Muhammad Ammad-ud-din, Comparables.ai develops an AI-powered platform that helps corporate development teams, private equity firms, M&A advisors, and investment banks identify acquisition targets, buyers, and market opportunities.
- The platform combines company, financial, ownership, valuation, transaction, and contact data covering more than 370 million active companies.
- The company says its platform is used by more than 50,000 professionals across over 30 countries. Its enterprise customers include a Big Four advisory firm that has expanded its deployment to more than 10 countries.
Details of the deal
- Comparables.ai plans to use the funding to roll out its platform across more markets and strengthen its technology for discovering and analyzing private and public companies, M&A transactions, and related market data.
"Araya are excited to back this incredible team of talented operators who are supercharging dealmaking and M&A activity with full transparency, data and true market visibility," explains Rupa Popat, Founder and Managing Partner of Araya Ventures.
