Diligend secures series A and rebrands

Following the investment, Nasdaq Ventures aims to support Dasseti’s growth, specifically for its Collect and Respond offerings. Respond claims to reduce the time and risk associated with completing DDQs and RFPs.

Dasseti (when known as Diligend), previously secured additional investment to develop the Diligend Fund Manager Platform, designed to provide a central repository of the latest response data, as well as securing funding to improve the core platform aimed at institutional investors.

The deal also furthers Dasseti’s previously announced partnership with eVestment, part of Nasdaq. In July 2021, the pair announced an agreement under which eVestment data will be available through the Diligend platform.

Now, they aim to integrate Nasdaq’s eVestment service with Dasseti’s due diligence software, to provide a portal of qualitative and quantitative data.

“The Dasseti team has created a comprehensive platform that reduces operational risk for investors while making the due diligence process more efficient and scalable,” said Gary Offner, senior vice-president and head of Nasdaq Ventures.

Wissem Souissi, CEO and founder of Dasseti, added: “We are already working closely with the Nasdaq eVestment team to enable joint clients to benefit from our partnership. We’ve proved to our new strategic shareholders how strong our tailored technology is, how dedicated we are to supporting our clients, and the potential that we have together.”

Check out our conversation with Souissi to learn more about what Dasseti has to offer LPs and GPs.