Faced with the intensification of the activity of mergers and acquisitions, traditional sourcing methods are no longer enough to meet the current requirements of M&A actors. The inventory starting point is the resolution of a problem encountered at McKinsey by Niilo Pirttijärvi, co -founder and CEO: “We had a list of 2,000 companies and should find the best targets for our customers among them. We examined each company one by one. This process took weeks or even months in certain projects. This is precisely the problem that inven solves. »»
TL; DR: Why Ventech and Vendep bet 11.2 million euros on the inventory AI?
👥 For whom is it important?
- Venture capital fund and investment banks
- Consulting offices (McKinsey, BCG, Bath)
- M&A teams in search of operational efficiency
💡 Why is it strategic?
- Automation automation via AI, accelerated analysis
- Drastic reduction in data processing time
- Quick identification of targets that are difficult to detect manually
🔧 What it changes concretely
- Increased productivity with several analyzes per day instead of a single
- Reduction of costs related to complex research
- Analysis on new criteria (ex startups in stealthmode mode)
The inventory approach goes beyond simple automation, according to Niilo Pirttijärvi: “Today, most of the time is devoted to data collection. With inventory, our customers get this data in a few clicks. Rather than having their analysis ready at 5 p.m., they have it from 10 a.m., which allows them to carry out several additional analyzes during the day. »»
The startup has also introduced targeted features for the venture capital sector, allowing advanced research such as the rapid detection of companies whose founders have already worked in unicorns. Niilo Pirttijärvi explains that “a partner of a fund told me that they paid $ 40,000 a year simply to follow companies in Stealth mode. It comforted us in the idea that it was exactly what we had to build. »»
Thanks to its technology, Invental performs analyzes in a few minutes previously impossible manually “finding all American companies whose founders are Finnish previously required business verification by company. With our AI, it only takes a few minutes, ”he says.
Ventech and Vendep Capital thus invest 11.2 million euros in series A in the Finnish startup invent, convinced that its artificial intelligence platform can lastingly transform this strategic sector.
Tero Mennander, General Partner at Ventech, explains the reasons for this investment: “Their first entrant advantage, based on the owner of data powered by AI, positions them to transform the M&C data market at $ 12.6 billion. »»
Founded in 2022 by Niilo Pirttijärvi, Tommi Kupiainen and Ekku Leivonen, all former consultants at McKinsey and Boston Consulting Group, Invent will use these funds to double or triple its workforce in the fields of IA engineering and product development, and intends to develop in the United States.
