Nvelop
Helsinki, FI · 2 known investors
Find your way into Nvelop
572 people in our graph share verified history with the Nvelop team — schools, employers, funds. One of them is your warm intro.
Luca Ferraresiunlockedknows Nithin Nadagouda · together at Capgemini (overlapped)
×2knows the team · via Tata Consultancy Services
×7knows the team · via Aalto University
×2knows the team · via Capgemini
Nvelop offers an AI-driven platform for creating and managing procurement sourcing projects, with built-in compliance controls. It is aimed at procurement teams looking to centralize and standardize sourcing processes and reduce maverick spending across categories.
Founders & leadership
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Mikko ValorintainCo-founder & CEO
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Nithin NadagoudainCo-founder & CSONadagouda spent 22 years in enterprise IT services and technology, serving most recently as VP of Large Deals at Capgemini, and holds an MBA in Strategy & Finance from Aalto University. He is co-founder and Chief Strategy Officer of Nvelop, an AI-driven platform for managing procurement sourcing projects.
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Ilkka UuhiniemiinCo-founder & CTO
Investors · 2
Funding
SEC filings, press & company announcements- Undisclosed amountseedJun 2025
Failup Ventures (lead), Antler
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Competitors · 10
by search overlap
Responsive54 shared keywordsResponsive builds an AI-powered Strategic Response Management (SRM) platform that helps organizations respond to RFPs, RFXs, security questionnaires, and other inquiries. Originally launched as RFPIO, it serves nearly 2,000 customers, including over 20 percent of the Fortune 500.
Onventis39 shared keywordsOnventis provides a cloud-based procurement suite that helps midsize enterprises automate purchasing and finance processes to achieve cost control and efficiency. The platform connects buyers and suppliers through a globally connected network and supports purchasing managers, CFOs, and suppliers.
Netezza39 shared keywordsIBM is a global technology company whose business spans enterprise software (including Red Hat, HashiCorp, and Confluent), IT infrastructure such as mainframes, servers, and storage, and IT consulting services. The company is also investing heavily in quantum computing and AI-based enterprise offerings, including its Lightwell open-source software security clearinghouse and the Anderon quantum wafer foundry.
Mercanis39 shared keywordsMercanis provides a software platform that combines AI agents with human expertise to automate and optimize procurement processes, including sourcing, supplier management, and tendering for enterprise teams.
Aavenir39 shared keywordsAavenir provides an AI-powered contract lifecycle management (CLM) platform built natively on ServiceNow, covering sourcing, authoring, approvals, obligations, and renewals, with complementary applications for vendor onboarding, obligation management, AP automation, and vendor compliance screening. It serves legal, procurement, sales, finance, and IT teams at enterprises across BFSI, healthcare and life sciences, manufacturing, energy, public sector, telecom, and education.
Sifthub38 shared keywordsSiftHub is an AI-powered platform that automates the RFP and bid/proposal workflow — from intake and bid/no-bid decisions through drafting, review, and submission. It offers one-click autofill across Word, Excel, and browser portals, auto-assigns tasks, and coordinates bid managers, subject-matter experts, legal, and InfoSec teams in one workspace.
Spendflo37 shared keywordsSpendflo builds Flo, an autonomous procurement workforce of AI agents that runs the intake-to-pay cycle — handling purchase requests, contract tracking, and invoice matching — while human teams approve only what needs them. Originally a SaaS spend management platform, it serves finance and procurement teams at businesses managing many vendors, contracts, and subscriptions.
Tipalti37 shared keywordsTipalti is an AI-powered finance automation platform that automates accounts payable, mass payments, procurement, and employee expenses for growing companies. The platform serves businesses seeking to streamline financial operations and reduce manual finance tasks.
Inventive AI36 shared keywordsInventive AI provides software that automates RFP response generation for sales teams using AI agents trained on a company's existing documentation and knowledge systems. The platform integrates with CRMs and collaboration tools to enable faster, consistent proposal creation and improve win rates.
Deep36 shared keywordsDeepStream provides eRFx and source-to-contract software for procurement teams, focusing on usability and phased adoption. The company serves clients across 56 countries in the procurement technology space.
Companies competing with Nvelop for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Frequently asked questions
- What does Nvelop do?
- Nvelop offers an AI-driven platform for creating and managing procurement sourcing projects, with built-in compliance controls. It is aimed at procurement teams looking to centralize and standardize sourcing processes and reduce maverick spending across categories.
- Who founded Nvelop?
- Nvelop was founded by Mikko Valorinta, Nithin Nadagouda, Ilkka Uuhiniemi.
- Who are Nvelop's investors?
- Nvelop's investors include Failup Ventures, Antler.
- Where is Nvelop headquartered?
- Nvelop is headquartered in Helsinki, FI.