GrowthPal, an AI-led mergers and acquisitions platform, has raised $2.6 million in a funding round led by Ideaspring Capital, with participation from several global angel investors. The fresh capital is set to support product development and international expansion as companies seek faster and more structured approaches to inorganic growth.
The company has been co-founded by Maneesh Bhandari, Shalu Mitruka and Amaresh Shirsat. It operates in a segment where deal sourcing and execution for small and mid-sized acquisitions has traditionally relied on personal networks, manual research and fragmented data sources.
The funding announcement comes at a time when corporate development and M&A teams are under pressure to deliver growth outcomes with smaller teams and tighter timelines, while competition for quality assets continues to rise.
Market Gaps Persist
Despite the availability of large data platforms such as PitchBook, D&B and Tracxn, deal origination in the mid-market remains largely unchanged. Buyers are often limited to on-market opportunities, while a significant number of high-quality off-market targets remain difficult to identify.
GrowthPal positions itself differently by applying artificial intelligence to reasoning and prioritisation, rather than simple data aggregation. The platform is designed to help teams assess which potential targets are strategically relevant, transaction-ready and aligned with specific growth objectives.
According to the company, this approach is especially relevant for transactions below $70 million, a segment that often falls outside the focus of traditional investment banks but represents a large share of global M&A activity.
GrowthPal functions as an AI-powered M&A copilot. Buyers begin by defining a growth objective, such as acquiring a new capability or entering a new geography. The system converts this into a structured acquisition thesis.
Its AI agents then analyse signals from an internal database of more than four million technology companies. These signals include public filings, hiring activity, web presence, funding history and other indicators. The output is a focused list of high-fit targets, many of which may not be actively seeking buyers.
The company states that this method reduces time spent on broad research and improves the chances of reaching meaningful conversations earlier in the process.
Early Traction
GrowthPal reports that it has supported over 42 completed M&A transactions and enabled more than 210 letter-of-intent stage discussions across North America, Europe, Asia and Latin America. Its client base includes large enterprises, mid-sized firms, startups and private equity-backed companies.
Sectors served include IT services, SaaS, fintech and vertical software. In one instance, a single client reportedly closed seven acquisitions within 18 months using the platform, highlighting its use in repeat acquisition strategies.
The company was built around the idea that many startups struggle to find timely exits or strategic partnerships, while acquirers face inefficiencies in identifying suitable targets. GrowthPal aims to bridge this gap through proactive and discreet deal discovery.
Ideaspring Capital said the platform addresses a less optimised part of the M&A lifecycle by focusing on qualified deal discovery and shortening timelines through AI-led processes. The firm views this as an enabler for a more systematic approach to inorganic growth.
With the new funding, GrowthPal plans to deepen its capabilities across the transaction lifecycle, including valuation support, deal structuring and preparation for negotiations.
The company’s longer-term goal is to become a core intelligence layer for M&A teams, helping them make informed decisions earlier in the deal process, from discovery through execution, as data-driven acquisitions become central to growth strategies.
