F2 announced that it has raised $24 million in total equity capital, including a $14 million seed round led by HighlandX. Existing investors Left Lane Capital, NFX, Y Combinator, and Torch Capital also participated in the financing.
The company provides an AI-powered platform for private markets and said the new funding will support the expansion of customized agentic workflows for private credit funds and commercial banks. F2 currently serves customers, including Bain Capital and Live Oak Bank, along with dozens of institutions across North America, Europe, the United Kingdom, and Asia.
F2 also announced a partnership with Google Gemini Enterprise that will provide Google’s financial services customers with direct access to the company’s platform. In addition, the company introduced Adam, an AI-powered deal team associate designed to assist with credit underwriting and portfolio monitoring.
According to F2, its platform delivers end-to-end workflow automation across credit screening, underwriting, and portfolio monitoring. Built as a multi-model system, the platform incorporates Opus 4.8, ChatGPT 5.5, Gemini 3.5 Flash, and proprietary Microsoft Office Suite-native large language model tools. The company said the architecture can outperform generic AI agents on complex credit workflows while improving token efficiency.
F2 emphasized enterprise-grade privacy and security features, including zero-day data retention by underlying language models and no training on proprietary customer information.
The company said monthly active users have increased by 650% and the number of deals analyzed on the platform has expanded tenfold since the beginning of the year to more than 15,000 transactions. F2 attributed that growth to strong adoption of Adam and the platform’s ability to preserve institutional context and generate source-backed analysis for investment teams.
The financing will also support continued expansion of the company’s product offerings, including Institutional Knowledge and Portfolio Monitoring, as well as growth across its engineering and enterprise deployment teams in New York, San Francisco, and London.
Headquartered in New York City, F2 describes itself as a compounding intelligence platform for private markets that transforms deal histories into persistent and searchable knowledge assets. Its platform enables firms to evaluate new opportunities using historical transactions, live data room files, and third-party market data while maintaining auditability and security throughout the process.
KEY QUOTES:
“Private markets are at an inflection point. The firms that build AI into the core of how they source, underwrite, and monitor will compound an advantage that becomes structural over time. What sets F2 apart is its ability to embed directly into deal workflows and fit naturally into how serious investment teams operate.”
Craig Driscoll, HighlandX
“F2 is the rare tool that actually delivers on the promise of efficiency. It accelerates our turnaround times while ensuring every underwriting file meets the same high standard.”
Alex ter Wee, Managing Director, Live Oak Bank
“The next generation of leading private credit funds and commercial banks will compound an advantage that’s impossible to replicate. F2 is purpose-built for credit, where every underwrite is faster and brings the pattern recognition of your best MD. This funding helps F2 deploy that infrastructure across the lenders who will define the next decade of credit.”
Don Muir, CEO, F2
