Comparables.ai, an AI platform for private and public market intelligence, has raised $6 million in seed funding to support its expansion across multiple markets and further develop its core AI engine. The round was led by Pragmatech and Araya Ventures, with participation from Purple Ventures, Gorilla Capital, hi5 Ventures, Somersault Ventures and other investors.
Founded by Niko Nalli, Markus Vesala, Martin Kangasniemi and Muhammad Ammad-ud-din, Comparables.ai is built for corporate development teams, private equity firms, M&A advisors and investment banks. The company aims to address information gaps in dealmaking by giving users broader visibility into potential targets, buyers and market activity.
The platform combines a global dataset covering more than 370 million active companies with an AI-native discovery engine designed to map markets in minutes. It brings together private company financials, group structures, valuation data, M&A transactions and verified contacts, allowing users to identify companies and decision-makers without manually combining information from multiple registries, databases 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,
said co-founder Martin Kangasniemi.
The platform is designed to help deal teams conduct early-stage market discovery and origination. Corporate development teams can use it to identify potential acquisition targets, while private equity firms can screen add-on candidates across multiple markets and M&A advisors can build buyer lists.
Kangasniemi said the platform is designed to give deal teams greater capacity to identify opportunities across markets before turning to external advisors:
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.
According to the company, the platform is used by more than 50,000 professionals in more than 30 countries, with enterprise customers expanding their use across different regions. This includes a Big Four advisory firm that is extending its deployment to more than 10 countries.
Commenting on the investment, Rupa Popat, Founder and Managing Partner of Araya Ventures, said:
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.
Artem Yaremchuk, General Partner at Pragmatech Venture Capital, pointed to the company's customer base, including Big Four firms, its M&A expertise and the value the product provides in day-to-day workflows. He added:
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.
Comparables.ai will use the new funding to support multi-market rollouts and further strengthen its AI engine.
Would you like to write the first comment?
Login to post comments