DiligentIQ, the leading AI-powered platform for conducting private equity due diligence, has raised up to $12 million in a two-tranche Series A funding round led by FINTOP Capital and partner JAM FINTOP. The investment will be used to scale DiligentIQ’s team and operations as it expands its presence in private markets. It will also accelerate product innovation, expand integrations, and scale go-to-market efforts.
DiligentIQ is a generative AI platform that is tailored to support the nuanced 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.
“Our platform serves as a co-pilot for investment teams, enabling them to streamline analysis of VDR documents and focus on what drives deal value – from growth opportunities and early detection of risks to operational improvements.”
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The company was founded by Ed Brandman, former Partner, Chief Information Officer and Head of Credit Operations at global investment firm Kohlberg Kravis Roberts & Co. (KKR). After a career in private markets, Ed recognized the potential for generative AI to address the tight time constraints and the vast amounts of data inherent in due diligence processes by streamlining analytical workflows.
“We’re excited to partner with FinTop Capital as we bring AI-powered intelligence to the due diligence process in private markets,” said Ed Brandman, Founder and CEO of DiligentIQ. “Our platform serves as a co-pilot for investment teams, enabling them to streamline analysis of VDR documents and focus on what drives deal value – from growth opportunities and early detection of risks to operational improvements.”
“DiligentIQ is more than just another AI tool, it’s a transformational force in private markets,” said Rick Kushel, Managing Partner and Co-Founder of FINTOP Capital. “Ed and his team have built a purpose-driven platform that not only accelerates due diligence but enhances the quality of investment decision-making. We see DiligentIQ becoming an indispensable part of the private equity workflow, and we’re proud to support their vision.”
DiligentIQ is already deployed across leading private equity firms, family offices and diligence advisory firms, including HarbourVest Partners, Fortress Investment Group, Investcorp, and PPC Enterprises.
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