Comparables.ai raises $6M to give deal teams a wider search

Why it matters

Comparables.ai is betting that AI-driven discovery and broad company coverage can move deal research from fragmented databases into one workflow. The seed funds that push, while customer economics and search quality remain unproven publicly.

Comparables.ai, the Helsinki-founded deal intelligence platform built by Niko Nalli, Markus Vesala, Martin Kangasniemi and Muhammad Ammad-ud-din, reported a $6 million seed round on October 6th, led by Pragmatech and Araya Ventures. The financing gives the founders room to expand across markets and develop the AI engine behind a product meant to help deal teams find companies they might miss in conventional databases.

The founders are building around a practical frustration: early-stage deal research often means stitching together company registries, financial data, transaction records and contact lists before a team can even decide which targets merit attention. Kangasniemi, whose career has included M&A and corporate finance work, described mid-market dealmaking as a visibility problem. "If you cannot see the whole field, you cannot run the best process," he told Tech.eu.

That thesis is reflected in the founders' different backgrounds. Nalli studied at Aalto University, while co-founder and CTO Ammad-ud-din trained in machine learning and data science, including doctoral research associated with Aalto and the Helsinki Institute for Information Technology. Their combined premise is that better search depends on more than adding a chat interface to a financial database: the underlying company records must be broad enough, and structured well enough, to answer questions deal teams actually ask.

Turning company data into a sourcing tool

Comparables.ai says its platform covers more than 370 million active companies and combines company profiles with private-company financials, ownership structures, valuations, M&A transactions and verified contacts. Deal teams can use it to screen acquisition targets, find add-on candidates, map potential buyers or build peer groups. Comparables.ai says the product is used by more than 50,000 professionals in more than 30 countries. Those are company-reported figures; the funding announcement does not break out paid users, revenue, retention or how much of that usage comes from enterprise accounts.

The distinction between an enormous index and a useful deal workflow will determine whether the platform earns a place in a buyer's process. A database can list millions of companies and still fail a search if its classifications miss how a business describes its products, or if financial and ownership records are incomplete. Comparables.ai's pitch is that AI-assisted discovery can find companies by what they do, then bring related information into one workflow instead of leaving analysts to reconcile it across separate tools.

The product's clearest commercial signal in the announcement is an unnamed Big Four advisory firm that is extending its deployment to more than 10 countries. That points to a possible path from individual research use to wider institutional adoption, where regional coverage and consistent workflows matter. The customer was not identified, and the announcement gives no contract value or deployment timeline, so the example shows expansion in use without establishing its financial scale.

A seed round for a crowded category

The round also arrives as established data providers and newer deal-sourcing companies add AI features to products built around private-market information. PitchBook announced a connector with Harvey in June 2026, while Affinity launched its Sourcing product in May 2025, linking company discovery to CRM workflows. Comparables.ai is positioning itself against that wider field with a broad company index and AI-powered discovery, rather than relying on the legacy filter-based workflows its investors say still dominate.

The investor roster includes Purple Ventures, Gorilla Capital, hi5 Ventures and Somersault Ventures, alongside other investors. Araya founder and managing partner Rupa Popat and Pragmatech general partner Artem Yaremchuk both pointed to Comparables.ai's customer base and dealmaking focus in comments reported by Tech.eu. The two firms leading the round are backing a product whose promise is straightforward: give a small deal team a broader starting field before it brings in outside advisers or commits to a formal process.

Comparables.ai previously announced a $700,000 pre-seed round in January 2022, backed by Nordic investors including Nidoco AB, Peter Seligson, Kari Stadigh, Tomas von Rettig and Hannu Kytölä. The new $6 million seed is a distinct financing milestone; available figures do not establish a reconciled total raised across equity and other financing. The seed valuation was not disclosed.

Kangasniemi has framed the product as a way for deal teams to take more early market discovery in-house, reducing the time and cost of identifying opportunities before hiring external advisers. The funding gives Comparables.ai a clear test: show that its global data and search tools produce relevant, verifiable prospects in customer workflows, not just a larger number on a database page. Customer adoption and the quality of the matches will determine whether Comparables.ai becomes an essential part of deal sourcing.