GrowthPal has raised $2.6 million in a funding round led by Ideaspring Capital to strengthen its AI-driven M&A copilot and accelerate expansion into international markets, as companies increasingly turn to technology to pursue smarter and more efficient inorganic growth strategies. The funding underscores growing demand for platforms that can reduce friction in deal discovery and execution, particularly in the mid-market segment where traditional M&A processes remain time- and resource-intensive.
Founded to modernise how companies identify and execute acquisitions, GrowthPal focuses on the earliest and most inefficient stage of the M&A lifecycle: deal sourcing. The platform translates a buyer’s growth objectives into structured acquisition theses and deploys AI agents to scan more than four million global technology companies for relevant, off-market opportunities. By prioritising high-intent and high-fit targets, GrowthPal aims to help corporate development teams move faster from mandate to meaningful engagement.
“M&A sourcing is where most time and effort is wasted, especially for smaller and mid market deals,” said Maneesh Bhandari, co-founder and CEO of GrowthPal. “Teams spend weeks researching, filtering and chasing opportunities that never go anywhere. We built GrowthPal to help buyers focus only on high intent, high fit targets and move from mandate to meaningful conversations far faster.”
According to the company, the platform has already supported more than 42 completed M&A transactions and facilitated over 210 letters of intent (LOI) discussions across global markets. These results point to a growing appetite among corporates, private equity firms, and strategic buyers for data-driven tools that can compress deal timelines and improve conversion rates.
Investors see GrowthPal’s approach as addressing a long-standing gap in the M&A ecosystem. Naganand Doraswamy, managing partner at Ideaspring Capital, said, “GrowthPal is solving one of the most under optimised parts of the M&A lifecycle. By focusing on qualified deal discovery and using AI to compress timelines, the team is enabling a more systematic approach to inorganic growth that traditional tools cannot offer.”
With the fresh capital, GrowthPal plans to enhance its AI capabilities, deepen coverage across sectors and geographies, and build a stronger presence in international markets. As competitive pressure rises and deal environments become more complex, platforms like GrowthPal are positioning themselves as essential infrastructure for modern M&A teams seeking speed, precision, and strategic clarity.
