GrowthPal, an AI-driven M&A platform, has secured $2.6 million (about ₹23.5 crore) in a funding round led by Ideaspring Capital with participation from global angel investors. The capital will be used to bolster product development and expand GrowthPal’s international presence as demand rises for data-led, faster M&A execution.
Reimagining the M&A deal-sourcing process
Founded by Maneesh Bhandari, Shalu Mitruka and Amaresh Shirsat, GrowthPal targets a persistent bottleneck in the mergers and acquisitions lifecycle: deal sourcing. Traditionally, corporate development teams and private equity firms depend on personal networks, investment bankers and manual research, which can limit access to off‑market opportunities and slow down execution.
GrowthPal adopts an AI-first model to add structure and speed to sourcing. Using artificial intelligence and advanced reasoning models, the platform translates strategic objectives into a concrete acquisition thesis and surfaces targets that closely match those goals, reducing time spent on low‑intent or poor‑fit opportunities.
Why mid‑market sourcing is challenging
Deal sourcing is especially problematic in mid‑market transactions, where visibility is limited and investment bank coverage may be sparse. GrowthPal’s approach aims to shift decision‑makers’ focus onto higher‑quality prospects that are more likely to convert into meaningful conversations and transactions.
How GrowthPal’s AI copilot works
GrowthPal functions as an intelligent M&A copilot: once a mandate is defined, the platform’s AI agents analyse data on more than four million technology‑led companies globally. The system monitors multiple signals—funding activity, hiring patterns, market presence and operational momentum—to generate a prioritized shortlist of targets.
By tracking such signals, GrowthPal helps uncover opportunities that may not be actively marketed or available through conventional advisory channels. Automating and refining early‑stage analysis enables corporate development teams and investors to move faster with greater confidence while reducing manual effort in deal origination.
Early traction and customer base
Despite its relative youth, GrowthPal reports significant early traction: the company says it has supported over 42 completed M&A transactions and facilitated more than 210 letter‑of‑intent‑stage conversations across North America, Europe, Asia and Latin America.
Customers include large enterprises, mid‑sized firms, SaaS businesses, fintech startups and private‑equity‑backed companies. GrowthPal cites a case where a client completed seven acquisitions in 18 months using its AI insights, illustrating how the platform can accelerate inorganic growth strategies—particularly in the mid market where traditional advisors may offer limited coverage.
Plans for the new funding
GrowthPal will use the fresh capital to deepen its AI capabilities and extend into downstream M&A workflows, including features for valuation analysis, strategic fit assessment, deal structuring and negotiation support. The company’s long‑term aim is to build a full‑stack M&A intelligence platform that supports decision‑making from discovery through execution.
As more companies pursue acquisitions for growth and diversification, AI‑driven tools like GrowthPal are poised to make M&A processes faster, more data‑driven and outcome‑oriented—especially in competitive and time‑sensitive markets.
