DiligentIQ, a Morristown, NJ-based AI due diligence company, has raised up to $12 million in a two-tranche Series A funding round.
Investors
The round was led by FINTOP Capital and its partner JAM FINTOP.
FINTOP Capital is a venture capital firm focused on early-stage fintech companies. With over $700 million in committed capital across five funds, FINTOP brings decades of fintech founding and operating experience to the boardroom, partnering with innovative entrepreneurs to push the frontiers of the financial services sector.
DiligentIQ Use of Funds
The funding will enable DiligentIQ to scale its team and operations, accelerate product innovation, expand integrations, and enhance its go-to-market efforts.
About DiligentIQ
Founded by Ed Brandman, DiligentIQ offers AI-powered private market due diligence solutions for private equity and other private markets. The platform uses generative AI to securely analyze and process deal documents typically found in virtual data rooms (VDRs), extracting actionable insights quickly. DiligentIQ serves over 65 GPs, LPs, and family offices, including HarbourVest Partners, Fortress Investment Group, Investcorp, and PPC Enterprises.
Funding Details
Company: DiligentIQ, Inc.
Raised: $12.0M
Round: Series A
Funding Date: February 2025
Lead Investor: FINTOP Capital
Additional Investor: JAM FINTOP
Company Website: https://www.diligentiq.com/
Software Category: AI Due Diligence
Source: https://www.businesswire.com/news/home/20250218872118/en/