Diligend, the award-winning digital due diligence software company, today announced the rebrand of its company, now to be known as Dasseti. The rebrand comes alongside the successful close of its Series A Financing led by Nasdaq Ventures.

Dasseti has demonstrated a very strong year-over-year growth trajectory since launch, adding some of the world’s leading institutional investors, consultants, and asset managers to its client portfolio over recent years. The partnership with Nasdaq Ventures enables the company to grow and support clients globally across the investment sector with innovative and unique solutions.

Congratulations to the @Dasseti team on your Series A! We are proud to be your partner as you enter this next stage of your evolution. ?

— Nasdaq (@Nasdaq) January 24, 2023

Wissem Souissi, CEO and Founder of Dasseti, says “We’ve proved to our new strategic shareholders how strong our tailored technology is, how dedicated we are to supporting our clients, and the potential that we have together. We’re excited to work alongside the Nasdaq team to achieve our vision.”

Thanks to new technology advances, the investor due diligence space is moving beyond data collection and storage into data analysis and insight. Diligend’s rebrand to Dasseti, which means “to make visible” in Latin, reflects the way clients can use data to uncover insights and drive decision making.

2022 was a great year for Dasseti, which added new features to its allocator and consultant platform, Collect, and released Respond, a platform for asset managers. Respond reduces the time and risk associated with completing increasingly complex and lengthier DDQs and RFPs. The technology has been well received by IR teams across the asset manager community.

Dasseti has big plans for Collect, as new use cases are emerging for private markets around ESG and DEI data. Collect allows research and due diligence teams to collect, aggregate and analyze large quantities of custom data. The insights gleaned can aid risk management, drive investment decision making and support regulatory compliance.

In addition to joining the Nasdaq Ventures portfolio, Dasseti and Nasdaq clients will realize an increase in workflow efficiency through a deeper product integration with Nasdaq eVestment. Building on the existing software used by asset allocators, the integration will provide a combined view of qualitative and quantitative data in a single pane to help allocators scale their due diligence workflows. With access to eVestment’s industry-leading institutional dataset, Dasseti clients can perform more thorough assessments, compare data and enhance reporting.

“The Dasseti team has created a comprehensive platform that reduces operational risk for investors while making the due diligence process more efficient and scalable,” said Gary Offner, Senior Vice President and Head of Nasdaq Ventures. “We’re thrilled to be strengthening our partnership with Dasseti by both welcoming them into the Nasdaq Ventures portfolio and beginning a richer product integration with Nasdaq eVestment.”

Wissem Souissi agrees saying, “We are already working closely with the Nasdaq eVestment team to enable joint clients to benefit from our partnership. With an unrivalled data portfolio, client base, and market sector expertise, we could not have found a better partner than Nasdaq for our company and clients.”

Source: Dasseti