DiligenceSquared, a New York-based AI-native platform that automates commercial due diligence and market research for investment teams, has raised $5 million in Seed funding.
Investors
The round was led by Relentless, with additional participation from Y Combinator.
Relentless is a venture capital firm that provides early-stage funding and support for startup founders. Based in San Francisco, California, its core proposition is to provide fast and simple startup funding to founders early in their journey.
DiligenceSquared Use of Funds
The company will use the funding to support rapid expansion and meet the growing demand from private equity firms.
About DiligenceSquared
Founded by Frederik Hansen, Søren Biltoft, and Harshil Rastogi, DiligenceSquared is an AI-native platform designed to automate commercial due diligence and market research for investment teams. It automates the entire workflow, from sourcing to synthesis. DiligenceSquared utilizes AI voice agents, automated research synthesis, and traceable interactive reporting to deliver insights faster and at a lower cost. Since launching in October 2025, the platform has already completed engagements with private equity firms and mid-market funds across the U.S. and Europe.
Funding Details
Company: DiligenceSquared, Inc.
Raised: $5.0M
Round: Seed
Funding Date: March 2026
Lead Investor: Relentless
Additional Investors: Y Combinator
Company Website: https://diligencesquared.com/
Software Category: AI Due Diligence / Market Research
Source: https://www.prnewswire.com/news-releases/diligencesquared-raises-5m-to-bring-ai-driven-commercial-due-diligence-to-private-equity-302706143.html