Meridian Raises $7M to Expand AI Private Equity Platform

Meridian, an AI-powered deal management platform founded by Alexander Sen, a former Blackstone investor, has raised $7 million in a Series Seed funding round led by 645 Ventures, with participation from Chaac Ventures and notable angel investors from private equity, credit, and M&A law sectors. The platform, anchored by its AI engine Scout, streamlines private market deal workflows by automating tasks such as market mapping, company identification, and evaluation processes, addressing the fragmented and manual systems traditionally used in private equity. Meridian aims to serve private equity, credit, and financial services firms by integrating modern CRM with workflow automation, enabling investment teams to source and diligence deals more efficiently and with greater precision. With a team of over 25 employees split between New York and Miami, the company plans to use the new capital to expand AI capabilities, accelerate product development, and scale globally. Early adopters include top-100 buyout and credit firms, with Meridian expanding its reach to limited partners, investment banks, and multi-strategy hedge funds. The company emphasizes that firms not leveraging AI in deal sourcing and diligence risk falling behind in a more complex and competitive market landscape.