Foresight, a New York City-based SaaS startup, has secured a $5.5 million seed funding round led by NEA with participation from KDX Ventures, aiming to transform private market data with AI-driven solutions. Founded in 2023, Foresight’s platform unifies fragmented data to empower investors, lenders, and acquirers.
Foresight raises $5.5M seed round led by NEA, with KDX Ventures.
AI-driven platform unifies data from 50+ sources for private markets.
Supports venture capital and private equity firms like Forerunner.
Founded by Jason Miller (CEO) and Adam Devine (CRO) in 2023.
Funds to expand product and go-to-market teams in NYC and SF.
Madison Faulkner of NEA joins Foresight’s board of directors.
Foresight’s AI-driven data mesh integrates over 50 sources, including CRMs, cap table vendors, and company KPIs, creating a single source of truth. “Private markets are fragmented—filled with point solutions and siloed data,” said Jason Miller, Founder & CEO. The platform’s SaaS modules streamline sourcing, diligence, and portfolio management, addressing the industry’s need for a unified knowledge graph.
Since its April 2023 launch, Foresight has been adopted by top firms like Forerunner and Kleiner Perkins. “The private market is at the inflection point that every industry goes through during the adoption of new technology,” said Adam Devine, Co-founder and CRO. The platform enables data-driven decisions, fostering collaboration among investors, bankers, and acquirers.
The $5.5M funding will fuel Foresight’s expansion of product and go-to-market teams, with operations in New York City and San Francisco. “We believe Foresight enables every type of private company investor, banker, and acquirer to become data-driven,” said Madison Faulkner, Partner at NEA, who joins the board.
Foresight’s innovative approach positions it to redefine private market investing, leveraging AI to deliver precision and efficiency in a fragmented landscape.
The smartest private market professionals use Foresight’s platform to make their best sourcing, diligence, and portfolio management decisions. Foresight’s AI-driven infrastructure unifies every source of pre- and post-investment private company data (sourcing feeds, CRM, KPI, cap table, fund accounting) and builds this single source of truth into SaaS modules for filtering the universe of companies, managing deal pipelines, and collecting, monitoring, and modeling company and fund performance. By solving the industry-wide problem of siloed data and disconnected point tools, Foresight makes each member of every team at a private fund smarter, faster, and more efficient. Foresight’s customers range from newer venture managers that want to super-charge growth to global private equity firms committed to data-driven transformation. Foresight is headquartered in New York City with an office in San Francisco and is backed by NEA, Greycroft, and KDX Ventures.
New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. Founded in 1977, NEA has more than $27 billion in assets under management as of December 31, 2024, and invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm’s long track record of investing includes more than 280 portfolio company IPOs and more than 470 mergers and acquisitions.
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