Foresight, a company connecting the private market through data, has announced the completion of a $5.5 million seed funding round led by NEA, with participation from KDX Ventures. Madison Faulkner, a partner on NEA’s Technology Investing Team, will join Foresight’s board of directors.
Founded in 2023, Foresight helps private market investors, lenders, and acquirers utilize data to inform their financial decisions about private companies. Its proprietary AI-driven data mesh platform unifies data from over 50 sources and applications, including third-party sourcing feeds, CRMs, cap table vendors, shared drives, company KPIs, and fund accounting software. This consolidated source is integrated into dashboards, analytics, and modeling tools within Foresight’s SaaS applications for sourcing, diligence, and post-investment portfolio management.
Since launching in April 2023, Foresight’s software has been utilized by sophisticated venture capital and private equity firms such as Forerunner and Kleiner Perkins. The company has established partnerships with several major data and services companies in the private market.
How the funding will be used: Foresight plans to use the funding to expand its product and GTM teams and invites applications through its careers page. The team is headquartered in New York City and has a presence in San Francisco.
KEY QUOTES:
“Private markets are fragmented—filled with point solutions and siloed data. Everyone is chasing the elusive ‘single pane of glass’ to make sense of it all. But unifying and structuring that data into a seamless, usable knowledge graph was a fundamental, unsolved problem until Foresight.” Miller, a West Point grad and Army veteran, has spent his entire business career building technology for the private markets, including a decade at BlackRock and several years at Point72 and Greycroft, where he identified the ubiquitous problem of siloed data.”
Jason Miller, Founder & CEO, Foresight
“The private market is at the inflection point that every industry goes through during the adoption of new technology and the shift to becoming data-driven. Foresight helps every type of private company investor, banker, and acquirer to become powered by data and will enable new ways for market participants to engage, collaborate and transact with one another.” Devine is a serial entrepreneur and has led go-to-market for several AI-driven enterprise software companies.”
Adam Devine, Foresight Co-founder and CRO
“We believe Foresight enables every type of private company investor, banker, and acquirer to become data-driven. I have known Jason for years as an industry expert with a deep understanding of how to effectively use data in the private markets. When NEA first saw Foresight’s product, we quickly understood the firm-wide value it could deliver—from investing to services and operations. We’re thrilled to partner with Jason, Adam, and the team as they work to deliver precision around structured data for private market-focused businesses.”
Madison Faulkner, Partner, NEA
