Foresight, a New York City-based software company focused on connecting the private market through data, has secured $5.5 million in seed funding. The round was led by NEA with participation from KDX Ventures. Alongside the investment, Madison Faulkner, a partner on NEA’s Technology Investing Team, will join Foresight’s board of directors, further strengthening the company’s strategic direction.
Funding to Accelerate Product and Go-to-Market Expansion
The company announced plans to utilize the fresh capital to expand its product development and go-to-market (GTM) teams. This growth will support Foresight’s mission to transform how private market investors, lenders, and acquirers leverage data to make informed financial decisions.
Empowering Private Market Decisions with AI-Driven Data Mesh
Founded in 2023 by Adam Devine (CRO) and Jason Miller (CEO), Foresight offers an innovative platform that helps investors, lenders, and acquirers harness data insights for evaluating private companies. Through a proprietary AI-powered data mesh, Foresight unifies information from over 50 sources and applications, including third-party sourcing feeds, CRMs, cap table vendors, shared drives, key company performance indicators (KPIs), and fund accounting software.
Integrated SaaS Solutions for Private Markets
Foresight’s unified data system seamlessly integrates into dashboards, analytics, and modeling tools within its SaaS applications, enabling efficient sourcing, diligence, and post-investment portfolio management. This comprehensive solution aims to streamline decision-making processes for private market professionals.
Early Adoption by Leading VC and PE Firms
Since its launch with founding customers in April 2023, Foresight’s software has been implemented by some of the most sophisticated venture capital and private equity firms, including Forerunner and Kleiner Perkins. Additionally, the company has established key partnerships with major data and services providers in the private markets.
Strategic Locations in NYC and San Francisco
Headquartered in New York City with a presence in San Francisco, Foresight is strategically positioned to serve clients across the country, further cementing its role as a leader in data-driven solutions for the private investment ecosystem.