Nvelop

Overview

Nvelop is an AI-driven company that specializes in automated IT sourcing. It was founded in 2024 and is headquartered in Helsinki, Finland. The company focuses on developing AI-native SaaS platforms that streamline end-to-end sourcing processes, such as solution exploration, requirements gathering, RFP generation, proposal evaluation, and contracting. Nvelop has raised a significant amount of funding, amounting to €1.2 million in a recent seed round. The company was founded by Mikko Valorinta, Nithin Nadagouda, and Ilkka Uuhiniemi.

Recent Developments

  • June 2025: Nvelop secured €1.2 million in seed funding to innovate enterprise procurement through its agentic AI platform, which transforms manual sourcing processes into real-time strategic capabilities. The funding round was led by Failup Ventures, with Antler participating as an existing investor. This move aims to enhance the company's ability to provide tailored solutions with strong organizational alignment.
  • January 2025: Nvelop was ranked 34th among its competitors in the field of AI and SaaS-driven end-to-end sourcing management solutions. This reflects its growing reputation within the market.
  • December 2024: Nvelop merged with Chroma Medicine to form nChroma Bio, a new entity pioneering the future of genetic medicines. The merger resulted in a paradigmatic shift by combining epigenetic editing with non-viral, programmable delivery, thus addressing key limitations in the field of genetic medicine and broadening the scope of treatable diseases.
  • April 2024: Nvelop's approach to procurement was characterized by deep customer focus and bold technological ambition, setting itself apart by not merely adding AI to existing workflows but rethinking procurement from the ground up.

Company Information

AttributeInformation
Founding Date2024
HeadquartersHelsinki, Finland
FoundersMikko Valorinta, Nithin Nadagouda, Ilkka Uuhiniemi
RevenueNot publicly disclosed
ProfitsNot publicly disclosed
Key InvestorsFailup Ventures, Antler
IndustryIT and Software – Procurement Technology
Number of EmployeesNot publicly disclosed

Early History

Nvelop was founded in 2024 in Helsinki, Finland, by Mikko Valorinta, Nithin Nadagouda, and Ilkka Uuhiniemi. The company was established with a vision to disrupt the traditional procurement processes through innovative AI technologies. Initially, the founders focused on understanding the pain points in procurement, which led them to create an AI-native SaaS platform that supports better alignment and efficiency in sourcing processes. The startup quickly garnered attention for its potential to transform how businesses approach procurement by automating and optimizing comprehensive sourcing strategies, from exploration to contract management.

Company Profile and Achievements

Nvelop operates at the intersection of AI and procurement, providing platforms that streamline the typically cumbersome and manual processes associated with sourcing. The company's business model revolves around its SaaS (Software as a Service) offerings, which are designed to:

  • Automate Processes: Nvelop's software automates key tasks such as RFP generation and proposal evaluation, reducing time and increasing accuracy.
  • Enhance Compliance and Efficiency: By ensuring that all processes are compliant with regulatory standards, Nvelop's solutions help clients avoid the common pitfalls of manual procurement.
  • Speed to Market: The company's technology allows businesses to bring solutions to market faster by simplifying and accelerating sourcing cycles.
  • Tailored Solutions: The agentic AI platform offers highly customized sourcing solutions that align with varied business needs. Over its brief history, Nvelop has achieved significant milestones such as securing a seed funding round and formulating partnerships with key investors who bring industry expertise.

Current Operations and Market Position

Currently, Nvelop is advancing its mission to revolutionize enterprise procurement with AI technologies. The company's platform enables clients to conduct sourcing more strategically by providing real-time analytics and recommendations that consider both cost efficiency and organizational needs. Nvelop is setting itself apart by focusing on:

  • Market Penetration: Expanding its market presence by tailoring its solutions for different industrial sectors is a key strategy.
  • Innovation: Continually enhancing its AI capabilities to offer cutting-edge solutions to procurement professionals globally. Nvelop's competitive edge lies in its unique application of AI to transform end-to-end procurement processes into strategic assets for businesses.

Conclusion

Nvelop is a burgeoning name in the AI-driven procurement industry, capitalizing on innovative technologies to transform traditional sourcing methods. Its strategic focus on leveraging AI to streamline and optimize procurement processes positions it well for future growth. With recent funding secured, Nvelop is poised to expand its capabilities and reinforce its market position, potentially setting new standards in the enterprise procurement sector by making sourcing processes not only more efficient but strategically advantageous as well.