Meridian Secures $7 Million in Series Seed Funding to Transform Private Market Deal Management with AI
Meridian, an AI-powered deal management platform designed for private market investors, has raised $7 million in Series Seed funding.
The round was led by 645 Ventures with participation from existing investor Chaac Ventures, along with a group of high-impact angel investors from private equity, credit, and M&A law, many of whom have shaped the platform through early usage.
Addressing Operational Challenges in Private Equity
Founded by Alexander Sen, a former investor at Blackstone, Thoma Bravo, and CVC, Meridian aims to streamline private equity operations by replacing fragmented, manual systems such as Excel trackers, clunky software, and scattered third-party data subscriptions.
Alexander Sen, founder and CEO of Meridian, said, “Private equity still runs on fragmented, manual systems: clunky software, Excel trackers, and scattered third-party data subscriptions.”
He added, “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.”
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The Power of AI-Driven Deal Sourcing and Evaluation
At the core of Meridian’s platform is Scout, its AI engine that powers intelligent agents. These agents help map markets, pinpoint the right companies, automate core evaluation workflows, and surface relationship signals where they matter most. This enables firms to identify high-conviction deals before they become widely known, offering a decisive edge in sourcing and diligence.
With over 25 team members across New York and Miami, Meridian’s expertise spans enterprise software, AI infrastructure, and capital markets. The platform is currently used by top private equity and credit firms and is expanding into limited partners (LPs), investment banks, and global hedge funds, reflecting a shift toward modern infrastructure in private markets.
The Series Seed funding will enable Meridian to enhance its AI capabilities, accelerate product development, and scale its global go-to-market strategy.
