Revolutionizing Financial Industry with AI: Finnish Startup Inven Secures €1.5M in Seed Funding.
We’re thrilled to announce that we have recently secured €1.5M in seed funding. This marks the largest ever amount raised by a team of founders all under 25 in Finland. The funding was led by Lifeline Ventures, the VC behind Finnish success stories such as Wolt, Smartly, and Supercell.
We are on a mission to revolutionize the financial industry by leveraging the latest AI and NLP models to streamline the tedious and time-consuming tasks faced by M&A professionals, freeing them up to focus on more critical work.
Inven's founders Ekku Jokinen, Niilo Pirttijärvi, and Tommi Kupiainen saw this problem firsthand in their and their friends' work at private equity firms, investment banks, and consulting. They decided to found a technology startup to solve this. The result is a software that can analyze millions of websites and structure unstructured business data, making it accessible to M&A professionals with a few clicks.
“Inven's AI-powered market research tool is a game changer for the $25B+ global M&A Advisory industry” says Jukka Heikka, Partner at Joint Effects. “By offering a nimble and efficient solution to the real problem of manual research, Inven is poised to save investment bankers, consultants, and analysts countless hours, providing a competitive edge in the rapidly changing M&A landscape” he adds.
The funding was led by Lifeline Ventures, the VC behind Finnish success stories such as Wolt, Smartly, and Supercell.
"We’re excited to support Inven as they are realizing their vision of the financial industry’s future. Their unique approach and ambitious team have positioned them well for success, and we are confident in their ability to make an impact." says Petteri Koponen, Founding Partner at Lifeline Ventures.
At Inven, we're on a mission to offer the most intelligent and intuitive tool to find and analyze companies. We're excited about the impact our software can have on the M&A industry, and we're grateful for the support of our investors and customers.
The funding will be used to build Inven's team and take customer acquisition to the next level. If you're interested, you can get access to the software here. We're constantly developing it further with close collaboration with our customers and we’d be happy to get you onboard as well!
About Inven
Inven is a Finnish startup founded by Ekku Jokinen, Niilo Pirttijärvi, and Tommi Kupiainen in 2022. They aim to transform the financial industry by simplifying the tedious and time-consuming tasks faced by M&A professionals.
Inven's software leverages the latest AI and NLP models to analyze millions of websites and extract relevant business data, making it easy for professionals to find and analyze companies operating in any niche. Inven develops cutting-edge technology to provide the most intelligent and intuitive tool for M&A professionals.
For our vision, please see our about us page.
About the investors
Lifeline Ventures is a venture capital firm behind Finnish success stories such as Wolt, Smartly and Supercell. It is based in Helsinki, Finland and it specializes in early-stage start-ups in funding, sales, technology, strategy, and operations. Lifeline Ventures invests in future category-leading companies with strong founders.
Visit Lifeline Venture's website ▶
For more details and media inquiries, please contact:
Taru Hakkarainen
taru@inven.ai
+358409686384
