DiligenceSquared Raises $5 Million Seed Funding Led By Relentless In San Francisco

DiligenceSquared, a startup focused on automating mergers and acquisitions research through AI voice agents, has secured $5 million in seed funding led by Relentless. The investment aims to provide commercial due diligence services at a significantly lower cost compared to traditional consulting firms.

Summary of transaction details:

• Deal Type: Seed
• Transaction Amount: $5,000,000
• Company: DiligenceSquared
• Founders: Frederik Hansen, Søren Biltoft, Harshil Rastogi
• Headquarters: San Francisco, California
• Investor: Relentless

DiligenceSquared was co-founded by Frederik Hansen, a former principal at Blackstone, Søren Biltoft, who worked in Boston Consulting Group’s private equity practice, and Harshil Rastogi, a former Google engineer. The company’s platform utilizes AI voice agents to interview customers and executives, enabling private equity firms to obtain insights for due diligence more efficiently.