GrowthPal, an M&A copilot platform for deal sourcing and execution, has raised $2.6 million in a funding round led by Ideaspring Capital with participation from prominent angel investors globally.
The fresh capital raised will be used for product development and to expand GrowthPal’s presence across international markets as demand grows for faster, more programmatic approaches to inorganic growth.
Founded in 2020 by Maneesh Bhandari, Shalu Mitruka, and Amaresh Shirsat, GrowthPal’s AI-powered M&A copilot helps users identify off-market targets, validate fit, and accelerate deal execution.
Its data and intelligence-driven digital investment banking platform helps corporates acquire small to mid-sized targets globally to add to their revenues, markets, geographies, customers, products, and teams.
The platform combines data, machine learning algorithms, and human expertise to deliver the most relevant opportunities for any given mandate. The team uses sophisticated matching and scoring algorithms, then our in-house banking team reaches out, gauges interest, and facilitates introductions.
GrowthPal specialize in add-ons, tuck-ins, and bolt-ons and cover global markets including US, LATAM, UK, Europe, Asia, and specialize in Business Services and Software. The experienced team has helped 100+ clients and closed 40+ deals.
Looking ahead, GrowthPal plans to extend its intelligence deeper into the transaction lifecycle, supporting valuation reasoning, deal structuring, and preparation for negotiations.
Maneesh Bhandari, co-founder and CEO of GrowthPal, said, “M&A sourcing is where most time and effort is wasted, especially for smaller and mid-market deals. 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.”
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.”
