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.

Investcorp, a leading alternative investment firm, today announced a strategic partnership with DiligentIQ, a rapidly growing generative AI-driven platform to transform and streamline private equity due diligence. Investcorp’s Strategic Capital Group (“ISCG”) is actively utilizing DiligentIQ to enhance its capabilities and support its portfolio of general partners (GPs) in piloting, implementing, and leveraging the power of artificial intelligence for their private markets due diligence processes. The companies aim to expand the partnership over time.

DiligentIQ has appointed five distinguished professionals to its Advisory Board to enhance its strategic capabilities in generative AI for private equity and alternative investments. The new members bring extensive experience from leading firms, including Asurion, PwC, and KKR, and will contribute valuable insights to drive innovation and business success. This expansion underscores DiligentIQ's commitment to leveraging top-tier expertise for client satisfaction.