Following an initial investment in 2019, Diligend, an institutional-grade due diligence platform vendor, has secured a third round of capital to realise its growth ambitions in 2022.
The funding will support development of Diligend’s core platform, designed for institutional investors and consultants which is continually evolving to meet client requirements. Recent new features include the SEC Form ADV module, which allows investor and consultant clients to review and monitor Form ADV data, getting notifications when changes occur. The ESG and Diversity disclosure module released this year allows clients to request specific data sets quickly and easily, pulling results into tailored, dynamic dashboards to allow for speedy analysis.
Diligend has forged partnerships with market leading data providers Prequin and eVestment, both of which will allow clients to view aggregated data, quantitative and qualitative, through a single pane of glass.
In response to feedback from fund managers, Diligend is expanding the fund manager/GP offering and taking it from a simple one-off RFP/DDQ response platform to a full featured suite of tools and response bank.
