Founded by Maneesh Bhandari, Shalu Mitruka and Amaresh Shirsat, GrowthPal is an AI-powered M&A copilot that helps corporate development teams define acquisition objectives and translate them into structured acquisition theses. GrowthPal, an AI-led platform focused on M&A deal sourcing and execution, has raised $2.6 million led by Ideaspring Capital, with participation from a group of global angel investors.
The company plans to use the capital to aid product development and expand footprint across the US and other international markets.
“M&A sourcing is where most time and effort is wasted, especially for smaller and mid-market deals. We built GrowthPal to help buyers focus only on high-intent, high-fit targets and move from mandate to meaningful conversations far faster,” said Maneesh Bhandari, co-founder and CEO of GrowthPal.
Founded by Maneesh Bhandari, Shalu Mitruka and Amaresh Shirsat, GrowthPal is an AI-powered M&A copilot that helps corporate development teams define acquisition objectives and translate them into structured acquisition theses.
Using AI-driven analysis, the platform scans an internal database of more than four million technology companies, drawing on signals such as public disclosures, hiring patterns, funding activity.
“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,” said Naganand Doraswamy, Managing Partner at Ideaspring Capital.
The startup has supported more than 42 completed M&A transactions across North America, Europe, Asia and Latin America and its client base includes large enterprises, mid-market firms, PE-backed companies and startups across sectors.
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