GrowthPal raises $2.6 Mn led by Ideaspring Capital

GrowthPal, an M&A copilot platform for deal sourcing and execution, has secured $2.6 million in funding led by Ideaspring Capital, along with participation from global angel investors.

The proceeds will be used to strengthen product development and expand the company’s presence across international markets.

Founded by Maneesh Bhandari, Shalu Mitruka, and Amaresh Shirsat, GrowthPal helps corporate development teams identify acquisition targets, including off-market companies, and move faster from strategy to live deal conversations.

The platform converts a buyer’s acquisition mandate into a structured thesis and scans signals such as hiring trends, funding history, filings, and online activity across millions of companies. It then produces a short list of potential targets that match the mandate more closely, including companies not actively seeking a sale.

The brand claims to have supported over 42 completed M&A transactions and enabled more than 210 LOI-stage discussions across North America, Europe, Asia, and Latin America. 

Its customers include large enterprises, mid-sized firms, startups, and private equity-backed companies across IT services, SaaS, fintech, and software-led sectors.