Meridian, an artificial intelligence (AI)-driven platform for managing deals in private markets, has raised $7m in a Series Seed funding round.
The investment was led by venture capital firm 645 Ventures, alongside existing backer Chaac Ventures. The fundraising also saw the inclusion of several high-profile angel investors from sectors such as private equity, credit, and merger and acquisition (M&A) law, many of whom have been instrumental in Meridian’s development as early users.
Meridian was established by Alexander Sen, who has a background in investment roles at Blackstone, Thoma Bravo, and CVC. The company aims to create an AI operating system tailored for private market investors.
The platform integrates modern customer relationship management (CRM) functionalities with extensive workflow automation and proprietary AI tools. This combination addresses key operational challenges for leading investors globally, covering activities from deal origination to execution, said Meridian.
The company’s team consists of over 25 professionals located in New York and Miami, possessing expertise across enterprise software, AI infrastructure, and capital markets.
Sen said: “Private equity still runs on fragmented, manual systems: clunky software, Excel trackers, and scattered third-party data subscriptions.
“We’re building software that finally reflects how top investment teams source and diligence deals – and we’ve vertically integrated AI to enable workflows that were never possible before.”
Central to Meridian’s platform is Scout, the AI engine that drives intelligent agents. Scout is designed to map markets, identify suitable companies, streamline evaluation workflows, and highlight critical relationship signals. This technology enables firms to identify promising deals ahead of competitors, enhancing their sourcing and due diligence capabilities.
Meridian’s platform is currently tailored for top-market players, aiding prominent private equity and credit firms in optimising their deal sourcing and evaluation processes.
The fresh capital injection will facilitate the expansion of Meridian’s AI functionalities, hasten product development, and support global go-to-market strategies.
645 Ventures managing partner Nnamdi Okike said: “There’s a generational shift happening in private markets – more complexity, more competition, and more data.
“AI is a game changer for private market deal sourcing, due diligence and deal management. Firms that do not leverage AI in this new market will be left behind.”
