Nvelop, a Helsinki, Finland-based startup reinventing enterprise procurement through agentic AI, has raised €1.2 million in seed funding.
Investors
The round was led by Failup Ventures, with continued participation from Antler.
Failup Ventures is a Finnish-American venture capital fund based in San Francisco and Helsinki. Established by former startup founders and seasoned angel investors, the firm supports game-changing software startups from pre-seed to follow-on rounds.
Nvelop Use of Funds
The company will use the funding to expand its engineering team, drive product innovation, and scale its go-to-market operations.
About Nvelop
Founded in 2024 by Mikko Valorinta, Nithin Nadagouda, and Ilkka Uuhiniemi, Nvelop is developing an AI-native platform designed to automate and streamline enterprise procurement processes. It supports the full sourcing lifecycle from requirement drafting and RFP generation to proposal evaluation, negotiation, and contract management. With a chat-first, transparent interface, Nvelop empowers teams to run complex sourcing processes efficiently.
Funding Details
Company: Nvelop Technologies Oy
Raised: €1.2M
Round: Seed
Funding Date: June 2025
Lead Investor: Failup Ventures
Additional Investors: Antler
Company Website: https://nvelop.ai
Software Category: AI Procurement / Enterprise SaaS / Agentic AI
Source: https://www.nvelop.ai/fundraising