Discerna reads the data room, audits the cap table, and surfaces the red flags — so investment teams can spend their time judging deals, not chasing footnotes.
Investment due diligence memorandum
No integrations to set up, no analyst handoffs, no shared spreadsheets. Drop in the documents and Discerna does the rest.
Term sheets, cap tables, board minutes, audited financials, customer contracts — PDFs, Excel, Google Drive, or a Box link. Up to 1,200 documents per deal.
Cross-references the cap table against the charter, reconciles financials against the data room, flags unbooked liabilities, and benchmarks every metric against sector comparables.
An IC-ready memorandum with verdict, financial health, red flags, cap table, recommendations, and the questions to ask in your next meeting. Every claim cites its source.
Every section is grounded in the data room, with quantified impact, confidence scores, and citations down to the page number.
An unambiguous Invest, Conditional, or Pass — with the conviction score, completeness, and the conditions that need to clear before close.
A single 0–100 grade rolled up from liquidity, profitability, growth, and capital efficiency. Benchmarked against the sector p75.
Critical, medium, and low findings with quantified impact, confidence score, and a citation to the page in the data room where it surfaced.
Fully diluted ownership, voting power vs economic interest, supervoting structures, liquidation preferences, and post-money dilution scenarios.
Every metric compared to sector medians and top-quartile comparables — revenue growth, gross margin, burn multiple, and runway.
Sharp, unhedged questions for your next call with the founder — derived from the open red flags, with the citation behind each.
Start on Starter, upgrade to Pro when your fund's deal flow demands it. Both plans bill monthly, cancel anytime.
Everything you need to evaluate a steady deal flow.
Unlimited deals, white-labeled exports, and team workflows.