Diligence reports, written by AI.
Concise, source-backed reports with executive summaries, evidence gaps, risks, chapters, and citations.
Latest reports
View allPayment infrastructure / treasury operations software
Private unicorn / late-stage fintech infrastructure
Modern Treasury
Modern Treasury may control a valuable infrastructure layer at the intersection of multi-rail payments, ledgering, and compliance operations if its integrated API stack truly compounds switching costs and margin; public evidence supports category relevance more than it supports current revenue quality, retention strength, or valuation durability.
Automotive marketplace / used-car transaction platform
Private unicorn / growth-stage marketplace
Motorway
Motorway could be a meaningful UK used-car marketplace asset if its dealer liquidity, service-fee model and end-to-end transaction stack create durable economics; public evidence supports strong product-market presence more than it supports current profitability, concentration or valuation quality.
Creator monetization, memberships, media and community platform
Private unicorn / late-stage creator-economy platform
Patreon
Patreon has credible scale and broad product ambition across memberships, commerce, media, discovery and live/community tooling. Public evidence is much stronger on creator/fan engagement and product breadth than on Patreons own revenue quality, margins, concentration, or current valuation.
Global logistics technology, freight forwarding, customs, and supply chain software
Private unicorn / late-stage venture-backed
Flexport
The core diligence question is whether Flexport can convert its end-to-end software-plus-execution positioning into durable, profitable growth despite freight-cycle volatility, competition from visibility and managed-transport platforms, and internal execution disruption from leadership churn and layoffs.
Enterprise Tech / Legal AI / professional-services workflow software
Private venture-backed late-stage legal AI company / unicorn
Harvey
Harvey’s public case rests on legal-domain focus, workflow execution via agents, strong logo traction, and rapid geographic expansion. Confirmatory diligence should focus on whether growth quality, retention, margin profile, legal-data governance, and multi-model/vendor economics justify the pace of repricing and a potentially platform-level valuation.
API platform, developer tooling, enterprise API governance, and workflow automation
Late-stage private enterprise software and developer-infrastructure company
Postman
The most attractive public thesis is that Postman has evolved from an API client into a workflow platform spanning design, testing, collaboration, publishing, governance, CLI, Native Git, and AI/agent features. The main counter-thesis is that this breadth may conceal valuation staleness, product-sprawl risk, and limited visibility into revenue quality, customer concentration, and team capacity.
Remote access, remote support and endpoint management software
Private unicorn / growth-stage software company
Splashtop
The thesis depends on whether Splashtop can sustain remote access/support and endpoint-security demand with durable recurring revenue, defensible security/performance, efficient GTM and manageable infrastructure/security/legal risk at a valuation still anchored to public 2021 financing evidence.
Accounts-payable automation, e-invoicing compliance, B2B trade network and embedded finance software
Private unicorn / late-stage fintech and procure-to-pay software company
Tradeshift
The investment case depends on whether Tradeshift can convert its e-invoicing compliance network and AI AP automation positioning into durable, profitable enterprise revenue despite long sales cycles and compliance-product complexity.
Digital banking, consumer finance, fintech platform and B2B fintech services
Private fintech unicorn / licensed digital-bank operator
WeLab
The diligence case turns on whether WeLab can translate its digital banking and consumer-finance user base into profitable, well-controlled regulated financial services across Hong Kong, mainland China and Indonesia.
Auto refinance fintech marketplace, lending distribution, insurance brokerage/comparison and ancillary vehicle protection
Private unicorn / growth-stage auto-finance marketplace
Caribou
The public case for Caribou is strongest around a real refinance marketplace with meaningful scale signals and partner infrastructure. The key diligence question is not whether the company exists or has distribution, but whether current economics, partner concentration, legal/regulatory posture and insurance-adjacent strategy justify the private-unicorn valuation.
AI-powered data security, data management, and cyber resilience software
Private unicorn / late-stage post-Veritas combination
Cohesity
The underwriting question is whether Cohesity can convert post-Veritas scale, partner-led distribution, and cyber-resilience positioning into durable cash generation after integration, cloud/GPU costs, and channel economics are normalized.
Media & Entertainment / digital collectibles and consumer blockchain infrastructure
Private unicorn / late-stage venture-backed startup
Dapper Labs
The investment case depends on whether Dapper can convert official IP relationships and Flow-enabled consumer ownership products into durable, compliant, recurring economics after the NFT boom while managing stale valuation, legal/regulatory and licensed-IP dependency risks.