DiligentIQ, a NYC-based AI-powered platform for conducting private equity due diligence, raised up to $12m in a two-tranche Series A funding.
The round was led by FINTOP Capital and partner JAM FINTOP.
The company intends to use the funds to scale its team and operations as it expands its presence in private markets, accelerate product innovation, expand integrations, and scale go-to-market efforts.
Founded by Ed Brandman, former Partner, Chief Information Officer and Head of Credit Operations at global investment firm Kohlberg Kravis Roberts & Co. (KKR), DiligentIQ is a generative AI platform that is tailored to support the needs of private market investment professionals as they evaluate deal opportunities. The technology securely ingests deal documents typically found in virtual data rooms (VDRs) while rapidly analyzing and categorizing them to extract critical insights. By delivering clear, actionable intelligence, and reducing the need for manual workflows, DiligentIQ enables investment teams to digest complex information and identify opportunities and risks with greater speed and accuracy.
DiligentIQ is already deployed across private equity firms, family offices and diligence advisory firms, including HarbourVest Partners, Fortress Investment Group, Investcorp, and PPC Enterprises.
FinSMEs
18/02/2025