M&A Teams Are Under Pressure to Move Faster
Across global markets, corporate development and M&A teams are being asked to deliver inorganic growth with smaller teams and tighter timelines. Yet deal sourcing in the mid-market and early-stage segments continues to rely heavily on banker networks, static databases, and manual research. This often results in buyers competing for the same marketed deals, while high-quality off-market opportunities remain largely invisible.
Funding Snapshot and Use of Capital
AI-led M&A platform GrowthPal has raised $2.6 million (around ₹22 crore) in a funding round led by Ideaspring Capital, with participation from global angel investors.
The fresh capital will be used to accelerate product development and expand GrowthPal’s presence across international markets, as demand rises for faster and more programmatic approaches to inorganic growth.
What GrowthPal Is Building
Co-founded by Maneesh Bhandari, Shalu Mitruka, and Amaresh Shirsat, GrowthPal positions itself as an AI-powered M&A copilot. The platform converts a buyer’s strategic goal such as entering a new market or acquiring a specific capability into a clear acquisition thesis. Its AI agents then analyse signals across more than four million technology companies, including hiring trends, funding data, filings, and online activity, to surface a focused list of high-fit, high-intent acquisition targets.
The startup claims to have supported over 42 completed M&A transactions and enabled more than 210 letter-of-intent stage conversations across North America, Europe, Asia, and Latin America.
Why This Funding Matters
GrowthPal’s raise reflects a broader shift in enterprise software, where AI is moving beyond data aggregation into decision-making support. For founders and operators, the company’s approach highlights how AI-driven reasoning can compress deal timelines and unlock off-market opportunities, potentially redefining how mid-market M&A is sourced and executed in an increasingly competitive global environment.
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