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AI-powered market due diligence for investment decisions
DiligenceSquared Inc. has raised $5.0M across 1 funding round.
Key people at DiligenceSquared Inc..
DiligenceSquared Inc. was founded in 2025 by Frederik Hansen (Co-Founder & CEO) and Harshil Rastogi (Co-Founder & CTO) and Soren Biltoft-Knudsen (Co-Founder & President).
DiligenceSquared Inc. has raised $5.0M in total across 1 funding round.
DiligenceSquared delivers AI-powered market due diligence for investment decisions - like the $1M McKinsey reports, but automated, auditable, and at a fraction of the cost.
When Private Equity funds evaluate deals, they pay firms like McKinsey, BCG, and Bain $500K-$1M for market due diligence. The process takes weeks, and the output is a static PowerPoint that's impossible to audit. A single large-cap PE fund can spend >$30M annually on this and the total market is $10B+ per year.
Our AI agents conduct expert interviews and synthesize insights with every claim linked to source transcripts. No black box, no "trust me" slides, and no 10x mark-up for human labor.
Frederik bought these reports as a Principal at Blackstone. Soren sold them as a Principal at BCG. Harshil is a repeat founder and former Software Engineer at Google. We've seen both sides and know what matters in due diligence - and now we automate it.
Our clients already include two of the world's five largest PE funds, and several mid-market funds - demonstrating broad appeal of our technology. Potential clients with users on our platform represent 60% of the top-30 PE funds globally.
DiligenceSquared Inc. is a San Francisco-based startup founded in 2025 that provides AI-powered market due diligence solutions primarily for private equity (PE) funds and other investment firms. Their platform automates the traditionally expensive and time-consuming commercial due diligence process by using AI agents to conduct expert interviews and synthesize insights into fully auditable reports. This replaces costly consulting engagements from firms like McKinsey, BCG, and Bain, delivering about 80% of the insight at roughly 5% of the cost. The company serves large PE funds, hedge funds, and private credit investors, helping them make faster, more cost-efficient, and data-backed investment decisions. Their technology also supports portfolio companies and corporates with market intelligence for strategic initiatives such as product launches, M&A, and expansion[1][2][3].
DiligenceSquared was founded in 2025 by Frederik, Soren, and Harshil, who bring deep expertise from private equity, consulting, and technology backgrounds. Frederik previously purchased market research reports as a Principal at Blackstone, while Soren sold such services as a Principal at BCG. Harshil, the CTO, is a former Google software engineer with experience leading AI/ML systems. The idea emerged from their firsthand experience with the inefficiencies and high costs of traditional due diligence. Early traction includes onboarding two of the world’s five largest PE funds and several mid-market funds, demonstrating strong market validation shortly after launch[2][4][6].
DiligenceSquared rides the growing trend of AI automation in financial services and investment decision-making, addressing a $10 billion annual market spent on commercial due diligence. The timing is critical as capital markets become more competitive and investors demand faster, more cost-effective, and verifiable insights. By replacing traditional, opaque consulting reports with transparent, AI-generated analysis, DiligenceSquared is reshaping how market intelligence is sourced and consumed. This innovation not only reduces costs but also democratizes access to high-quality due diligence, potentially accelerating deal flow and improving investment outcomes across the ecosystem[2][3][4].
Looking ahead, DiligenceSquared is well-positioned to expand its footprint among private equity, hedge funds, and private credit investors by continuing to refine its AI capabilities and scale its expert network. Trends such as increased adoption of AI in finance, demand for auditability, and pressure to reduce costs will likely fuel their growth. Their influence may extend beyond due diligence into broader market research and strategic advisory services for portfolio companies and corporates. As AI-driven decision support becomes standard, DiligenceSquared could become a foundational tool in investment workflows, transforming how capital is allocated and risks are assessed.
This evolution ties back to their core mission: making high-quality, credible market intelligence accessible, fast, and affordable—empowering investors to make better decisions with confidence.
Key people at DiligenceSquared Inc..
DiligenceSquared Inc. was founded in 2025 by Frederik Hansen (Co-Founder & CEO) and Harshil Rastogi (Co-Founder & CTO) and Soren Biltoft-Knudsen (Co-Founder & President).
DiligenceSquared Inc. has raised $5.0M in total across 1 funding round.
DiligenceSquared Inc.'s investors include Damir Becirovic.
DiligenceSquared Inc. has raised $5.0M across 1 funding round. Most recently, it raised $5.0M DiligenceSquared - Seed in March 2026.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 5, 2026 | $5.0M DiligenceSquared - Seed | Damir Becirovic |