Nvelop Funding News- Finnish Startup Nvelop Secures €1.2 Million In Seed Round

The funding round was led by Failup Ventures, with additional backing from existing investor Antler.

“Securing this funding in today’s market environment reinforces the strength of our team, our technology and our long-term vision” said Mikko Valorinta, CEO of Nvelop. “This backing allows us to double down on innovation and stay laser-focused on creating real value for our customers.”

Their agentic AI system supports the full sourcing lifecycle—capturing requirements, creating RFPs, evaluating proposals, negotiating and managing contracts—all within one transparent, collaborative workspace.

Read Also - Hailia Funding News- Finnish FoodTech Startup Hailia Secures €1.75 Million Funding

The platform is designed to boost impact by offering tailored solutions that align with organizational goals and engage key stakeholders throughout the process.

Oscar Andersin, General Partner at Failup Ventures, commented: “From our first conversations, we were impressed by Nvelop’s sharp vision and exceptional team. They’re not just adding AI to existing workflows – they’re rethinking procurement from scratch. We’re proud to support a company combining deep customer focus with bold technological ambition.”

Instead of adding AI as a feature Nvelop has redesigned the entire sourcing process with agentic AI at its core. Its user-friendly workflows enhance human decision-making, using AI to surface key insights and handle compliance-heavy tasks. With a chat-first interface, Nvelop allows teams to manage complex sourcing with ease and clarity.

Jussi Kallasvuo, Partner at Antler, added: “Procurement processes are multi-faceted, tedious and ultimately painful. Nvelop’s ground-up agentic approach will surely be welcomed by procurement professionals worldwide. We’ve worked with team since day zero and been impressed by their speed and high quality of execution.”

With the global procurement software market set to surpass €10 billion in the coming years, Nvelop is positioning itself to capture a strong share of this growth.

The platform promises faster sourcing cycles, significant cost savings, compliance assurance, and improved business outcomes by aligning solutions with stakeholder needs.

With the new funding, Nvelop aims to speed up product development, grow its engineering team, and scale its go-to-market strategy.

About Nvelop

Founded in 2024 by Mikko Valorinta, Nithin Nadagouda, and Ilkka Uuhiniemi, Nvelop is building an AI-powered procurement platform that streamlines sourcing, cuts costs, and improves compliance.