Private equity firms traditionally spend significant resources on external advisers for merger-and-acquisition processes, making the due diligence phase expensive and time-consuming. However, a startup called DiligenceSquared is offering a more efficient and cost-effective solution by leveraging AI and voice agents to conduct customer interviews for their M&A research.
Founded by industry veterans Frederik Hansen and Søren Biltoft, DiligenceSquared aims to streamline the due diligence process for PE firms. By utilizing AI technology, the startup can efficiently gather insights from customers of target companies, eliminating the need for expensive management consultants.
With Hansen’s background at Blackstone and Biltoft’s experience at BCG, the co-founders bring a wealth of expertise to the table. Since its launch, DiligenceSquared has successfully completed projects for major PE firms, attracting investments such as the $5 million seed round led by Damir Becirovic of Relentless Ventures.
This innovative approach not only reduces costs for PE firms but also enhances the accuracy and speed of research processes. By automating interviews through AI voice agents, DiligenceSquared is offering a more efficient solution for M&A research in the industry.
Source: TechCrunch