Comparables.ai, a market intelligence startup built around artificial intelligence, has closed a $6 million seed round to fuel its growth into new territories and enhance its underlying AI capabilities. The funding was led by Pragmatech and Araya Ventures, with additional backing from Purple Ventures, Gorilla Capital, hi5 Ventures, Somersault Ventures and other backers.
The platform serves corporate development teams, private equity investors, M&A advisors and investment banks seeking to navigate dealmaking with better information. Founded by Niko Nalli, Markus Vesala, Martin Kangasniemi and Muhammad Ammad-ud-din, Comparables.ai tackles a persistent challenge in middle-market transactions: the difficulty of gaining comprehensive visibility into potential targets, buyers and market dynamics.
At its core, the platform integrates data on more than 370 million active enterprises worldwide with an AI discovery engine capable of mapping markets within minutes. The system consolidates private company accounts, corporate hierarchies, valuation figures, past M&A deals and contact information for decision-makers, eliminating the need for teams to manually assemble intelligence from scattered registries and spreadsheets.
Mid-market M&A has always been a visibility problem. If you cannot see the whole field, you cannot run the best process. We built Comparables.ai to give any deal team the asymmetric advantage of a global bank
Martin Kangasniemi, co-founder
The tool enables different workflows within deal teams. Corporate development professionals can search for acquisition candidates, private equity investors can evaluate add-on opportunities across regions, and M&A specialists can compile prospect lists for potential buyers.
Deal teams are taking more of the early market discovery into their own hands, reducing the time and cost of identifying opportunities before engaging external advisors. With our data and technology, teams who have the capital but not the bandwidth can now run a more structured and global search from day one
Martin Kangasniemi
The startup reports that its platform is currently deployed by more than 50,000 professionals across more than 30 countries. Among its customer base are enterprise clients scaling their operations to multiple regions, including a Big Four advisory firm that is rolling out access to more than 10 countries.
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
Rupa Popat, Founder and Managing Partner of Araya Ventures
Comparables.ai's AI-native approach is disrupting a market still dominated by legacy, filter-based tools, giving it a clear competitive advantage. We believe the company can become a category leader in M&A intelligence
Artem Yaremchuk, General Partner at Pragmatech Venture Capital
The company intends to deploy the capital toward launching operations in additional markets and strengthening its AI infrastructure.
Source: Tech.eu
