Dasseti (formerly Diligend) builds due diligence and data collection software for institutional investors — pension funds, endowments, fund-of-funds, and consultants who need to evaluate and monitor fund managers. Three products: COLLECT digitises operational due diligence questionnaires (DDQs) across a network of 17,000+ connected fund managers; ENGAGE helps fund managers respond to incoming DDQs and RFPs; Harvest collects ESG data across private market portfolios. AI assistant ‘Sidekick’ analyses DDQ responses using NLP to flag inconsistencies and extract insights. Founded 2018, rebranded from Diligend ~2022, HQ New York. $15.6M total funding (Series A extension led by Nasdaq Ventures, 2024). Won Solution Provider of the Year — ODD at 2026 Private Equity Wire European Awards. Legal relevance is narrow: fund compliance officers use COLLECT for regulatory monitoring (Form ADV analysis), and in-house counsel at investment firms may review flagged DDQ issues. This is NOT a law firm tool — zero evidence of attorney or paralegal usage. Core users are compliance analysts and operations teams at institutional investors.
Company Info
- Founded: 2018
- Team size: 51-200 employees
- Funding: $15.6M
- HQ: United States
- Sector: Transactions, M&A
What We Haven’t Verified
This page was assembled from publicly available information. Feature claims and workflow mappings are based on what the vendor and third-party listings publish — not hands-on testing or practitioner feedback.
Workflows
Based on practitioner evidence, Dasseti is used in these workflows:
What practitioners struggle with
Real frustrations from legal professionals — the problems Dasseti addresses (or should address). Sourced from practitioner reviews, Reddit threads, and case studies.
Compliance officer at a regulated financial institution tracks 150+ regulatory obligations across 10 frameworks (SOX, GDPR, HIPAA, state-level requirements) in separate spreadsheets with manual deadline reminders — an auditor's request for evidence of control testing takes days to assemble because documentation is scattered across email, SharePoint, and local drives
Fund manager's compliance team needs to verify KYC/AML for every LP in a new fund — 40 investors across 12 jurisdictions, each with different beneficial ownership structures, and the 31 CFR deadline is approaching while half the investors haven't submitted their compliance documentation
Institutional investor's operations team sends 200+ due diligence questionnaires to fund managers every year — each one a 50-page Word document emailed back and forth, with no way to compare answers across managers, track which ones haven't responded, or flag when this year's response contradicts what the same manager said last year
Where it fits in your workflow
Before Dasseti
Investment allocation decision triggers ODD process. Fund formation lawyer reviews LPA and side letters while operations team initiates DDQ collection in parallel via COLLECT.
After Dasseti
DDQ results feed into: compliance reporting, regulatory monitoring (Form ADV analysis), ESG reporting (Harvest → sustainability disclosures), and investment committee presentations. Flagged issues escalate to in-house counsel.
Integrations & hand-offs
Investment team (allocation decision) → COLLECT (DDQ collection from 17,000+ managers) → compliance team (review flagged responses) → legal counsel (review material compliance issues) → investment committee (reporting). Separate flow: Harvest (ESG data collection) → sustainability team (SFDR/CSRD reporting). SharePoint integration documented for document management.
Community Data
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