F2 Raises $14M in Seed Funding Led by HighlandX

The round also saw participation from existing investors Left Lane Capital, NFX, Y Combinator, and Torch Capital. The raise brought the total amount to $24 million.

The company plans to use the funding to expand its customized AI-driven workflow solutions for leading private credit firms and commercial banks, helping more financial institutions automate and improve their operations.

The funding will support the continued expansion of F2's product offerings, including its Institutional Knowledge solution and the launch of Portfolio Monitoring. It will also help strengthen the company's partnership with Google Gemini Enterprise, giving Google's financial services customers direct access to the full F2 platform.

In addition, F2 will use the investment to grow its engineering and enterprise deployment teams across New York, San Francisco, and London, supporting product development and customer adoption.

The new funding marks the next stage of F2's product development. The company provides AI-powered workflow automation for lenders, helping financial institutions streamline credit screening, underwriting, and portfolio monitoring. Its customized platform enables organizations to process credit-related work up to five times faster.

F2 uses a multi-model AI architecture that combines leading language models with proprietary tools built for the Microsoft Office ecosystem. This approach delivers better performance on complex credit workflows than general-purpose AI agents, while also improving efficiency and reducing computing costs.

As part of its next growth phase, F2 is launching Adam, an AI-powered assistant built specifically for investment and credit teams. Adam helps with research, credit underwriting, portfolio monitoring, and managing information throughout the investment process.

When integrated with F2s Institutional Knowledge platform, Adam preserves important information such as assumptions, research notes, sources, decisions and investment memos. This creates a lasting knowledge base that teams can access and build upon over time.

The platform has seen strong growth, with monthly active users increasing by 650%, and the number of deals analyzed rising tenfold to more than 15,000 since the beginning of the year. Enterprise customers have responded positively to Adam's ability to maintain context across complex transactions and produce reliable, source backed insights that senior investment professionals can reuse.

"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."

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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.”

“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.”

About F2

Founded by Don Muir and Emre Kazdagli, F2 is an AI-powered intelligence platform for private markets. The company helps investment firms turn their deal history, research, and market data into a searchable knowledge base that can be used to evaluate new opportunities with greater context and accuracy. Powered by its Adam AI assistant, Deal Intelligence, and Institutional Knowledge products, F2 supports the entire investment lifecycle, from deal sourcing and underwriting to portfolio monitoring.

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