Veridue, a London-based AI startup, has raised €3.44 million ($4 million) in pre-Seed funding. The company is building an AI-powered platform that helps businesses carry out due diligence and mergers and acquisitions (M&A) more quickly. Its platform focuses on projects in renewable energy and data centres.
The funding round was led by Episode 1 Ventures, with participation from HTGF and Pi Labs. The round also attracted support from industry experts, including Cameron Hepburn, co-founder of Aurora Energy Research, and Jeremy Palmer, former CEO of Quantum Black. Veridue will use the funding to support the rollout of its platform.
“We built Veridue as the solution we wished we had when we were the ones carrying the risk on a decision. It is not simply a chatbot pointed at a data room. It is AI trained on a proprietary dataset of real deals and their diligence outcomes, running on our own purpose-built agent layer to ensure results are deterministic with 100% traceable accuracy. We always combine the best of the latest AI models, our proprietary tech and human expertise. We have top energy industry experts in-house who validate the AI outputs and apply the judgement that comes from having spent decades across every side of transactions. Deal teams get the scale and speed of AI without compromising the rigour they are accountable for,” said Daniel Csonth, CEO and Founder of Veridue.
Veridue was founded in 2024 by Daniel Csonth, a former McKinsey energy investment advisor, and Xander van den Eelaart, a former SCOR data science lead. Together, they bring deep experience in energy deals, data science, and AI. Daniel has worked on more than $10 billion in energy M&A deals across Europe, the US and Asia.
Veridue was created by industry experts to make the complex process of buying, selling, and financing energy infrastructure projects easier. Its AI technology helps companies handle tasks such as reviewing projects, checking contracts, and assessing investment opportunities.
Companies looking to buy energy projects often have to deal with too many opportunities, projects that are not ready, and claims that make projects seem more developed than they really are. Finding good projects can be difficult when teams have limited time and resources. Problems discovered late can also waste money on advisors and staff time. For companies selling projects, making complex energy assets ready for investment or finding buyers is also becoming harder.
“Teams still doing diligence manually are already losing out to sharper, faster AI-enabled players. We see a high volume of deals, and Veridue helps us cut the time and cost to reach conviction and exclusivity, allowing us to identify better opportunities and deploy more capital into higher-quality assets,” said Daniel Szentirmai, CEO of Futureal Energy Partners.
Veridue is an AI-powered platform that helps companies with due diligence and M&A deals in the energy infrastructure and data centre sectors. It is designed to make the investment and project financing process faster and easier.
The platform supports investors, energy developers, lenders, insurers, and project owners. It helps buyers find better-quality projects and complete more deals, which can improve their returns. For project owners and sellers, Veridue helps make assets ready for financing or sale more quickly.
