F2 Raises $5M Series A Led by Golub Capital for AI Private Markets Platform

F2 Closes $5M Series A

F2, a New York-based AI platform for private markets investors, has raised a $5 million Series A round led by Golub Capital. The round was announced on September 28, 2026.

What F2 Does

F2 builds software purpose-built for private markets investors — specifically private credit funds, commercial banks, and private equity teams. The platform is designed around two connected capabilities:

• An Excel-native financial analysis engine
• Agentic workflow automation spanning deal screening, underwriting, and portfolio monitoring

The combination is intended to fit how private markets teams already work. Rather than forcing analysts out of their existing spreadsheets, F2 layers analysis and automation on top of the Excel environment those teams use daily.

Institutional Knowledge as an Asset

A distinguishing element of F2's pitch is what it does with a firm's accumulated deal history. The platform turns that history into a persistent, queryable institutional-knowledge asset. In practice, that means a firm's past deals, structures, and decisions become a searchable internal resource rather than scattered files and individual memory.

For private credit funds and banks, where underwriting consistency and precedent matter, that framing positions F2 less as a point tool and more as infrastructure for how a firm reasons about deals over time.

Traction

F2 states that its platform is deployed across more than 100 funds and banks globally. Named customers include:

• Bain Capital
• Live Oak Bank
• Jefferies Credit Partners

That customer list spans private equity, commercial banking, and private credit — the three segments F2 explicitly targets.

The Investor

Golub Capital led the round and is the sole investor listed in the financing. Golub Capital is itself a significant participant in the private credit market, which gives the investment a strategic dimension: the lead backer operates in the same asset class F2's software serves.

Key Facts at a Glance

• Company: F2
• Headquarters: New York
• Round: Series A
• Amount: $5 million
• Announced: September 28, 2026
• Lead investor: Golub Capital
• Investors: Golub Capital
• Focus: AI platform for private markets investors — private credit funds, commercial banks, private equity teams
• Product: Excel-native financial analysis engine plus agentic workflow automation across deal screening, underwriting, and portfolio monitoring
• Traction: Deployed across more than 100 funds and banks globally
• Named customers: Bain Capital, Live Oak Bank, Jefferies Credit Partners

Why It Matters

Private markets firms have been among the more deliberate adopters of AI tooling, largely because their workflows are document-heavy, judgment-intensive, and resistant to generic automation. F2's bet is that the winning layer is one that meets analysts inside Excel and automates the surrounding workflow — screening, underwriting, monitoring — while compounding the firm's own deal data into a durable internal asset.

The presence of a private credit heavyweight as lead investor, alongside named customers across private equity, banking, and credit, gives F2 both capital and a reference base in the segments it targets. For acquirers and strategics watching the private markets software stack, F2's combination of an Excel-native engine, agentic automation, and an institutional-knowledge layer makes it a company to track as it deploys this Series A.