DealCloud Brings In $5 Million

Fintech startup DealCloud announced it has secured $5 million in financing. Three investors participated in the round, among them Cultivation Capital and Hamilton Lane.

The DealCloud founders wanted to address inefficiencies associated with the traditional industry approach to deal sourcing, deal financing, due diligence, managing portfolio companies, conducting industry research, and fundraising. To eliminate many of these inefficiencies, the founders created DealCloud’s flagship product, Private Equity DealCloud (PE DealCloud). The resulting knowledge management system is a platform that allows private equity firms centrally to manage all firm activities, collaborate efficiently, and build firm-wide knowledge bases that will survive personnel turnover.