Ansarada provides secure virtual data rooms that centralize documents and track access during complex events such as mergers, fundraising and audits. It also offers a Material Information Platform (MIP) that uses machine learning and natural language processing trained on a dataset of more than 20,000 transactions to surface risks, score deal readiness and benchmark bidder behavior. The company says its MIP can be up to 97% accurate by day 21 of an M&A deal at predicting bidder engagement and likelihood to submit an offer and win. Ansarada claims up to 80% of deals in Australia happen through its platform and lists clients including Google, VMware, Sony, Microsoft, Deloitte, PwC and KPMG. The $18M Series A will be used for sales and marketing in the United States, Europe, the Middle East and Africa and to accelerate product development. Ansarada partnered with Adara Partners so that all advisory fees from the deal will be donated to charities in Uganda and Nepal.

Total raised

$18M

Funding rounds

1

Latest round

Series A

Latest activity

Mar 2018