Dasseti Closes Series A Led by Nasdaq Ventures Following Strategic Platform Expansion

New York – January 24, 2023 – Following a transformative year marked by significant product development, Dasseti (formerly Diligend) has successfully secured Series A funding led by Nasdaq Ventures. The capital infusion positions the digital due diligence software maker to accelerate its global expansion and deepen integrations with major financial infrastructure providers.

From Legacy Systems to Intelligent Data Solutions

The investment reflects growing institutional appetite for modernizing investment due diligence workflows. Dasseti’s platform moves beyond traditional data repository models, leveraging natural language processing and AI-driven automation to extract actionable intelligence from complex datasets. The company’s rebrand—with “Dasseti” derived from Latin meaning “to make visible”—signals this strategic pivot toward insight generation rather than mere data accumulation.

Throughout 2022, the platform expanded its service offerings substantially. The company enhanced Collect, its research and due diligence solution for allocators and consultants, while simultaneously launching Respond, a purpose-built platform addressing a critical pain point for asset managers: the increasingly complex RFP and DDQ submission process. Early adoption by investor relations teams demonstrates measurable time and risk reduction across the asset manager community.

Institutional Confidence and Market Traction

Dasseti now counts institutional investors, consultants, and asset managers representing over $20 trillion in assets under management within its client base. This portfolio depth underpins the company’s credibility with Nasdaq Ventures, which focuses on technology advancement aligned with financial services innovation.

Wissem Souissi, CEO and Founder, emphasized the validation embedded in the partnership: “This investment demonstrates our stakeholders’ confidence in our technology, our operational execution, and the collaborative vision we’re pursuing with Nasdaq.” The founder’s confidence reflects concrete product-market fit indicators and sustained year-over-year growth momentum.

Deeper Product Ecosystem Through Nasdaq Integration

Beyond capital deployment, the Series A announcement includes enhanced product integration between Dasseti’s platform and Nasdaq eVestment, the data and workflow infrastructure widely adopted across institutional asset management. This integration creates a unified interface combining qualitative and quantitative datasets, enabling allocators to consolidate due diligence processes and leverage eVestment’s institutional-grade market data.

Gary Offner, Senior Vice President and Head of Nasdaq Ventures, characterized the engagement as bidirectional value creation: “Dasseti has engineered a system that simultaneously reduces operational friction and mitigates institutional investment risk. The combined platform delivers tangible efficiency gains for joint clients while expanding the total addressable market for both organizations.”

Souissi reinforced the strategic alignment, noting that Nasdaq’s market data depth and institutional relationships create unique synergies impossible to replicate with alternative partners.

Emerging Use Cases Across Private Markets

Looking forward, Dasseti is developing new analytical capabilities around ESG and DEI data collection for private markets allocators. Collect enables distributed research teams to aggregate custom data at scale, supporting risk management frameworks, enhancing regulatory compliance workflows, and informing investment committee decision-making.

The Series A funding, combined with Nasdaq’s product ecosystem access and distribution reach, positions Dasseti to address these emerging institutional needs as the investment management industry undergoes digital transformation.