Seven steps, each with a clear decision-maker
What happens before a company reaches you. Analysis and campaign preparation take 6-8 weeks. An application can be stopped at any step.
The founder submits the documentation: form, pitch deck and data room.
The AI builds the memo together with the founder, as a conversational quality gate.
Compliance review, including conflicts of interest.
The application is assessed sceptically. Companies that do not pass are stopped here.
Structured calls with the founders, on the remaining open topics.
Experienced investors and experts in the specific sectors vote. Threshold: minimum 3.5/5 rating and zero no-gos.
Legal review and terms negotiation before listing.
Two AI systems with opposing roles, one human board
One system helps the company build its application. The other assesses it sceptically. What reaches you has passed through both, and the final decision is not automated.
Builds the application with the founder
Asks for data, flags the gaps and refuses vague wording. Its job is for the information to exist and be verifiable, not to make the application look good.
Result: a complete Investment Memo, on the template for the company's stage.
Assesses sceptically, like an analyst
Produces a rating, the strengths, the weaknesses and the questions left open. It has no interest in agreeing with the founder.
Result: a critical assessment and a Risk Registry with severities.
Decides. Experts only.
Experienced investors read the memo, the risks and the assessment, then vote. Only companies with a minimum 3.5/5 rating and zero no-gos pass.
Result: the listing decision, with human accountability.
The memo and the risks, before you decide
For each company you get between 42 and 95 structured data points and a summary of the main risks identified. You see them before you invest.
Section structure shown as an example, with no data about a real company. The template varies by stage: Pre-Seed, Seed, Series A (Track A) and Track B.
Four example formulations, one per severity level. These are not the risks of a real company.
Behind the scenes, each company has between 25 and 54 risks assessed deterministically: the same inputs always produce the same flags. In the memo you get a summary of the main risks identified.
Track A and Track B are not judged the same way
The memo template and the criteria change with the type of company and its stage.
Companies with a scalable product, where value builds slowly and materialises late.
Companies with existing operations and revenue, growing through capacity rather than software scaling.
The horizons are indicative and describe the type of company, not a promise of return or liquidity.
Research says the process matters
The data describes the asset class as a whole, not Growceanu's results, and is not an indication of future performance.
Business angel investors who spent more than 20 hours on due diligence reported 5.9x over 4.1 years, against 1.1x over 3.4 years below 20 hours. Study median: 20 hours.
Wiltbank & Boeker, 2007 - Kauffman FoundationOf the companies analysed failed for lack of product-market fit. 70% ran out of capital, but that is the final cause, not the diagnosis.
CB Insights - Why Startups FailOf exits returned more than 10x, yet they generated roughly 75% of all capital returned. That is why we recommend portfolios of 20+ companies rather than picking winners.
Wiltbank & Boeker, 2007 - Kauffman FoundationWhat we do not promise
Selection reduces the number of companies, not investment risk. Some companies that pass the process will fail. That is not an exceptional scenario, it is how the asset class works.
We promise the process. The results belong to the market.
No figure on this page is an estimate of your return.
Shares in private companies cannot be sold on demand. The horizon is years.
A good rating and zero no-gos do not eliminate the possibility of failure.
We publish structured information. The decision and the responsibility are yours.
See the companies that passed the process
An investor account gives you access to full memos and to the risk summary, before any decision.
Become an investorFor companies looking for funding
The application requires a pitch deck and a data room. Analysis and campaign preparation take 6-8 weeks, and every stop comes with a stated reason.
Apply for funding
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