Underwritable
When to use Underwritable

The right view, before you commit the budget.

Most deals are won or lost before full diligence begins. Underwritable delivers a structured market view in days, so you can move with confidence from first look to IC.

Target search
01Deal screening
02Deal prioritization
03Pre-DD prep
Full CDD
IC Decision
01
Deal screening
01

A new opportunity just landed - and you need an early read.

Before committing analyst time, you need to know: is this market worth a closer look, and does the asset have a defensible position within it?

Delivers
Market definitionCompetitive mapRisk flags
What you get
Market size and growth trajectory
Competitive landscape and peer set
Key growth drivers and early risk flags
Sourced evidence behind every claim
30 min – 3 hrstypical turnaround
Outcome
A defensible go / no-go view in 48 hours.
The method

Three approaches. One actually delivers.

Outside-in research isn't a buzzword. Here's what it replaces.

The VDR-AI approach

An associate uploads 200 documents to an AI-VDR-reader. Three hours later, a 40-page summary.

But every claim anchors back to what the seller chose to disclose.

Inside-out · Seller-framed · Post-LOI
The strategy consultancy approach

Six weeks. Twelve associates. €200k.

A static 100+ slides report optimized for LP defensibility - not IC speed. The conclusion is on page 87.

Slow · Expensive · Generalist
underwritable

Six to eight hypotheses, formed before the VDR opens. Each tested against ~600 outside-in signals. Each scored: SUPPORTED, MIXED, or REFUTED - with full source traceability.

Hypotheses
6–8
Signals tested
~600
Time to verdict
Days
Days, not weeks · Pre-LOI ready · PE-specific
What you get back

Outputs built to make a decision, not to read

No 80-page deck nobody reads. Every deliverable is shaped around the question your IC is asking next - with the evidence sitting one click behind every number

  • IC-ready summaries
    Memo-shaped output your committee can read cold - recommendation, thesis, key risks, on one page
  • Structured findings
    Market shape, competitive position, customer signals - organised so two reviewers reach the same conclusion
  • Risks & assumptions, made explicit
    Every assumption is named, every risk rated. Nothing buried in prose, nothing left to inference
  • Traceable evidence on every claim
    Each figure links back to the filing, expert call or primary doc it came from. Pressure-test in one click
  • Interactive by design
    Not just a report - a working environment for investment decisions
IC Memo · Project Northwind
PROCEED · CONDITIONAL
01 · RECOMMENDATION
Market is materially larger than plan assumes; concentration risk needs mitigation.
02 · STRUCTURED FINDINGS
Market size€4.2B · 14% CAGR
Competitive moat2 adjacent threats
Customer concentrationTop-3 = 58% rev
03 · KEY ASSUMPTION
Assumes top-3 customer churn ≤ 8% over hold period - 2 of 3 are out of contract within 18 months.
04 · EVIDENCE TRAIL
S&P Capital IQ · filingQ4 2025
Expert call · CFO, Neobank AMar 12
ECB quarterlyApr 2026

Ready to try it on a live deal?

A first structured market view can be delivered within 2–3 days. No templates, no setup - just send us the target.

NDA-ready · EU-hosted · per-deal data isolation

Discuss a live caseView demo dashboard