GrowthPal Raises $2.6 Million to Scale AI-Powered M&A Deal Sourcing Platform

GrowthPal, a technology company focused on AI-driven M&A deal sourcing and execution, has announced a $2.6 million funding round led by Ideaspring Capital, with participation from angel investors across global markets. The funding will be used to support further product development and expand GrowthPal’s presence internationally, in response to growing demand for more structured and efficient approaches to inorganic growth.

The announcement comes at a time when companies are increasingly turning to acquisitions as a growth strategy, while facing tighter timelines and reduced internal resources. Traditional deal sourcing for mid-market and early-stage acquisitions continues to rely heavily on banker networks, static databases, and manual research processes. As a result, many high-quality off-market opportunities remain difficult to identify, while buyers are often limited to deals already visible in the market.

GrowthPal was co-founded by Maneesh Bhandari, Shalu Mitruka, and Amaresh Shirsat to address these challenges. The platform applies AI-driven reasoning to help corporate development teams move from growth strategy to actionable deal conversations more quickly. Rather than offering broad company lists, GrowthPal focuses on identifying targets aligned with a buyer’s strategic intent, sector context, and readiness to transact.

“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.”

GrowthPal’s platform functions as an M&A copilot. When a buyer defines a specific growth objective, such as entering a new geography or acquiring a particular capability, the system converts this objective into a structured acquisition thesis. Its AI agents then analyse an enriched database of more than four million technology companies, drawing on signals including public filings, web activity, hiring trends, funding history, and other indicators. This process results in a focused set of targets that are often off-market and closely aligned with the buyer’s mandate.

The company was built to address a structural gap between acquirers and potential targets. While more than one million startups exist globally, fewer than one percent scale successfully, often due to limited access to timely exits or strategic partnerships. At the same time, many acquirers find it difficult to efficiently identify suitable targets for transactions under $70 million, which are typically below the focus of traditional investment banks. GrowthPal aims to bridge this gap through a data-driven and discreet sourcing approach.