Dec 5, 2024
We’re thrilled to announce that we’ve raised $3M in seed funding, led by Base10 Partners! This is an exciting milestone, so we wanted to use this opportunity to share more about what we’ve been building at Sightglass.
What we're building
Sightglass started two years ago with a mission to bring transparency, trust, and efficiency to the private markets. We believed that it should be easy for investment managers to share information with their limited partners, and that more transparency would strengthen these decades-long partnerships.
Today, our AI-powered investor relations platform streamlines the diligence process for both GPs and their LPs. From smart data rooms to automated DDQ responses, we speed up the fundraising process by hundreds of working hours.
Here's a few ways our customers have leveraged Sightglass:
For GPs
Powering a fundraise: Sightglass allows GPs to quickly create secure data rooms and provision access to prospective and existing LPs during a fundraising cycle. GPs get granular access control, watermarked downloads for security, and a portal to communicate updates. LPs get a self-serve data room with an AI co-pilot that helps them answer their own diligence questions and get started writing their investment memo. GPs can even spin up new data rooms with existing LPs for co-investments and SPVs.
Automating DDQ responses: Whether LPs are on Sightglass or still sending emailed document requests, Sightglass can provide GPs a first draft of DDQ responses that pulls information from previously completed DDQs and any documents on the platform. We make collaboration secure and efficient: assign specific questions to teammates across the firm to tap their expertise, and the platform will leverage that information for the next DDQ. IR teams have cut the time to respond to DDQs by 90% with Sightglass.
Responding to DEI information requests: We offer DEI tracking at both the management company level and portfolio company level. Once you’ve securely collected the data, our customized tagging allows you to quickly slice the data to meet the most bespoke LP requests
For LPs
Streamlining the DDQ request process: No more managing 50+ email threads and reminders. With a few clicks, LPs can send out DDQ requests in one batch, track responses as they come in, and surface insights in our analytics suite. We’ll stay on top of GPs with automated reminders, so LPs don’t have to track all of this down manually, wasting precious time and mind space.
Analyzing DDQ responses across time and firms: Our analytics suite helps LPs quickly compare responses from different firms and from the same firm over time. Analytics update automatically with each new response, so LPs don’t have to waste hours collating responses in a cumbersome tracking spreadsheet or document.
BYO data room (coming soon!): Soon, LPs that have downloaded documents in bulk from an old-school data room will be able to re-create that data room in Sightglass, allowing them to significantly accelerate review and easily collaborate with teammates.
If you're a GP or LP ready to eliminate manual tasks during fundraising and ongoing diligence, reach out to us at hello@usesightglass.com to see how you can save time and close faster.
Who we are
We’re a team of engineers, designers, and product leaders with decades of experience in finance and technology, with stints at Amazon, JPMorgan, McKinsey, Guideline, and data visualization startups. We’re headquartered in Portland, OR, but are remote-first. We’re just getting started and have lots to build.
If building a network ecosystem of LPs and GPs in the $10+ trillion dollar private markets sounds like fun, reach out at hello@usesightglass.com. We’re always looking for great people, and are actively hiring engineers and GTM leaders.
If you want to learn more of our story, keep reading. 😊