Now deployed across more than 100 private credit funds and banks, F2 announces new partnership with Google Gemini Enterprise and a $14M seed round led by HighlandX, alongside the launch of Adam, a new AI deal team associate for credit underwriting and portfolio monitoring

NEW YORK: F2, the compounding intelligence platform for private markets, today announced that it has raised $24 million in total equity capital including a $14 million seed round led by HighlandX, with participation from existing investors Left Lane Capital, NFX, Y Combinator, and Torch Capital.

The new financing will be invested to scale customized deployments of agentic workflows across leading private credit funds and commercial banks, with F2 already serving customers including Bain Capital, Live Oak Bank, and dozens others across North America, the UK, Europe and Asia. The funding will also drive continued expansion of F2’s product suite, including Institutional Knowledge and the launch of Portfolio Monitoring, alongside a partnership with Google Gemini Enterprise, that enables direct access to the full F2 platform for Google’s financial services customers. In parallel, the raise will drive growth of its engineering and enterprise deployment teams in New York, San Francisco, and London.

“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,” said Craig Driscoll, who led the investment for HighlandX. “What sets F2 apart is its ability to embed directly into deal workflows and fit naturally into how serious investment teams operate.”

The new round marks a new phase in the company’s product evolution. F2 delivers end-to-end agentic workflow automation for lenders, customized for each enterprise to drive 5x throughput across screening, underwriting and monitoring of credit. Built as a multi-model agentic system, the platform leverages Opus 4.8, ChatGPT 5.5, and Gemini 3.5 Flash, alongside proprietary Microsoft Office Suite native LLM tools. This architecture outperforms generic agents like Claude Cowork on complex credit workflows by up to 60% while delivering up to 5x token efficiency.

Critically for banks and credit funds managing proprietary data, F2 delivers enterprise-grade data privacy and security, with zeroday data retention by LLMs and no training on proprietary client data.

Alex ter Wee, Managing Director at LiveOak Bank, also added, “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.”

As part of this next phase, F2 is also introducing Adam, a purpose-built AI deal team member designed to operationalize investment workflows. Constructed for the day-to-day work of credit underwriting and portfolio monitoring teams, Adam supports research, underwriting, context preservation, and post-close monitoring. When integrated within Institutional Knowledge, it ensures key diligence inputs, including assumptions, memos, sources, and decisions persist as part of a firm’s intelligence layer. Monthly active user count is up 650%, while deals analyzed on F2 have grown 10x to more than 15,000 total since the start of the year. That growth is catalyzed by strong adoption and positive feedback from Enterprise users on Adam’s ability to preserve context across complex deal work and produce source-backed outputs that can be reused by senior investment teams.

"The next generation of leading private credit funds and commercial banks will compound an advantage that's impossible to replicate," said Don Muir, CEO of F2. "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."

About F2

F2 is the compounding intelligence platform for private markets. Built on Adam, Deal Intelligence, and Institutional Knowledge, it transforms a firm's deal history into a persistent, queryable knowledge asset and evaluates every new opportunity with complete context: precedent deals, live data room files, and third-party market data. From screening to underwriting and portfolio monitoring, the platform is powered by an Excel-native financial analysis engine, auditable at every layer, and orchestrated by agents that carry context across the firm's complete deal universe. F2’s approach is centered around delivering better capabilities on complex finance workflows without compromising on security.

Headquartered in New York City, F2 is backed by leading investors including HighlandX, Left Lane Capital, NFX, Y Combinator, and Torch Capital. To learn more or request a demo, visit f2.ai.

Fonte: Business Wire