Finland-founded AlphaSense raises $225M and becomes unicorn

AlphaSense, a market intelligence software startup by Finnish founders, has raised a $225 million Series D investment. Goldman Sachs and Viking Global Investors co-led the round. The company became the fifth unicorn in the region, valued at $1.7 billion, ArcticStartup reports.

• Founded in 2011 by Jack Kokko and Raj Neervannan, AlphaSense is an AI-supported market intelligence platform. It allows professionals to make critical decisions effectively. Over 1,800 enterprise customers use AlphaSense’s solution.
• The Series D was co-led by Goldman Sachs Asset Management, a company providing financial services, and Viking Global Investors, a US-based investment firm. The round also included substantial debt financing by BlackRock earlier this year.

“AlphaSense’s impressive growth and high-quality customer base reflect the power of its platform to substantially improve productivity and enable smarter data-driven decisions for users across industries and roles,”

John Doyle from BlackRock about the startup.

• AlphaSense’s valuation has almost doubled since the Series C round in September 2021. Goldman Sachs and Viking Global also led that $180 million funding round.
• The company became the fifth unicorn in the region. The other four are MySQL (reached a $1.8B valuation in 2008), Supercell ($3B in 2013), Rovio Entertainment ($1B in 2017), and CRF Health ($1.3B in 2018).
• The fresh funding will help with product development, content expansion, and customer support. It will also allow driving organic growth, as well as strategic transactions.