Helsinki-based Inven, a expertise firm constructing an AI-native deal sourcing platform to uncover the total world personal market, at this time introduced the closing of a €11.2 million Sequence A spherical to develop their headcount and broaden into the US.
The spherical was led by Ventech, a pan-European early-stage VC agency, and Vendep Capital, a B2B SaaS investor within the Nordics. Angel investor Risto Siilasmaa, Founding father of F-Safe and former Chair of Nokia, additionally participated, alongside present backers Lifeline Ventures and Joint Results.
“At Inven, we’re constructing the AI spine of worldwide deal sourcing. Deal sourcing has historically been labor-intensive and inefficient, particularly in personal markets the place alternatives are dispersed and infrequently hidden. AI is making the method quicker, whereas revealing alternatives that have been as soon as invisible, giving M&A professionals a real aggressive edge. This new funding fuels our mission to reimagine how the world’s greatest offers are discovered, evaluated, and closed,” mentioned Niilo Pirttijärvi, CEO and Co-founder of Inven.
Based in 2022 by former McKinsey and BCG consultants, Inven is tackling considered one of personal markets’ greatest bottlenecks: sourcing high-quality offers. Inven is an AI-native deal sourcing platform designed to uncover alternatives throughout the worldwide personal market. With proprietary knowledge on 21 million corporations, the platform helps M&A groups discover, analyse, and join with the precise alternatives “10x quicker“. Inven is utilized by 700+ personal fairness corporations, funding banks, consulting corporations, and VCs.
As world markets develop extra unstable and crowded, with rising numbers of corporations and subcategories, Inven argues that conventional sourcing strategies are not enough.
They imagine that these strategies are gradual, guide, and closely reliant on static databases, making them poorly fitted to a market that strikes this quick. Inven’s AI-native platform tackles this by constantly mapping and analysing a community of over 21 million corporations.
“We’re constructing AI that transforms how high-velocity groups make higher choices. In fast-moving environments, groups don’t have time to dig via scattered and noisy knowledge. They want techniques that know what issues and which have all essential knowledge in a single place. That’s why we’re designing Inven as an intelligence layer that filters out noise, and brings the precise perception to the floor earlier than it’s even requested for,” mentioned Tommi Kupiainen, CPO and Co-founder of Inven.
Inven goals to offer funding bankers, personal fairness corporations, and monetary consultants with a aggressive edge by lowering time-to-deal and enhancing sourcing precision – whether or not they’re figuring out potential investments, analysing new markets, or new uncovering alternatives.
“From the beginning, we have been struck by Inven’s deeply proficient, mission-driven crew led by Niilo, Tommi and Ekku, and the right product-market match they’ve already validated with prospects. Their undisputed first-mover benefit, constructed on proprietary AI-powered knowledge extraction, and confirmed traction place them to rework the $12.6 billion M&An information market. By extending their platform from clever deal sourcing into due diligence, funding knowledge and CRM, Inven is about to personal the total lifecycle of M&A intelligence. At Ventech, we’re proud to work with Inven’s superb folks and assist their worldwide progress journey on the Board,” commented Tero Mennander, Common Accomplice at Ventech.
The brand new funding comes at a time of fast progress for the corporate. Inven now works with greater than 700 corporations throughout the Americas and Europe, together with Fortune 500 corporations, and has reached a 670% year-over-year progress charge.
With contemporary capital secured, the corporate plans to “double or triple its headcount over the subsequent 12 to 18 months“, scaling its AI engineering, product improvement, and buyer success groups. It additionally plans an growth throughout North America and into key monetary hubs globally, aiming to make Inven the default platform for anybody sourcing personal market offers.
“Having adopted Inven’s journey for some time, we grew to become more and more excited by their deep area experience mixed with quick execution throughout each gross sales and product. Their trajectory to date has been nothing in need of distinctive, and we’re thrilled to again such a pushed and visionary crew as they enter the subsequent part of their journey,” mentioned Sami Ahvenniemi, Common Accomplice at Vendep Capital.
