Underwritable
AI-augmented Commercial Due Diligence
underwritable

the conviction behind your next deal

We build the conviction behind your next deal - outside-in, evidence-grounded, IC-ready in days, not weeks

Structured target assessment before you mandate a single advisor

NDA-ready · EU-hosted · per-deal data isolation · auditable evidence trail
Market map · EU B2B fintech
Competitive landscape
42 players
Target
underwritable.io/project/northwind
auto-saved 12s ago
Project · Outside-in review
Project Northwind - Thesis
Market size & growth
€4.2B · 14% CAGR
86
Competitive moat
2 adjacent threats
62
Customer concentration
Top-3 = 58% rev
41
Regulatory exposure
DORA ready
78
Value Proposition

Built for decisions - not just research

From deal screening to investment decision - with structured, verifiable outputs every PE and M&A team can defend.

Faster

Comprehensive outside-in reviews in hours and complete full CDDs in days - without slowing down your deal process

  • Target Screening in ~30 minutes
  • Market scan in ~3 hours
  • Commercial DD-light in ~3 days

Decision-ready

IC-ready outputs with clear assumptions, risks, and supporting evidence - structured so you can defend every conclusion

  • Structured, IC-ready reports
  • Clear risks & opportunities
  • Key assumptions made explicit

Expert-led

AI-powered sector experts that continuously learn from markets, deals, and data - delivering consistent, expert-level judgment at scale

  • Continuously evolving sector knowledge
  • Pattern recognition across deals
  • Consistent expert perspective

Auditable

Every insight is linked to sources, assumptions, and underlying data - making conclusions fully transparent and challengeable

  • Full source traceability
  • Assumptions clearly documented
  • Evidence-backed conclusions
The category we're building

Designed for how investment decisions actually work

Other categories solve fragments of the problem - data, analyst hours, or post-mandate validation. We're built around the decision itself.

Data providers

PitchBook · Gain

Deep proprietary data for sourcing and mapping.

Gap

Data isn't a decision.

Analyst-automation

Grasp

Faster long-lists, profiles, slides.

Gap

Hours saved, not conviction built.

underwritable

Ours

The conviction layer before you mandate.

Advantage

Outside-in. Evidence-grounded. IC-ready in days.

Strategy consultancies

MBB · Big-Four CDD

Defensible CDD memos - 6 weeks, €200k.

Gap

Too late, too costly pre-mandate.

Four structural principles

That's why our column exists - and why it had to be built differently.

01

Assessment-first, not research-first

Other categories collect or summarize. We assess. Every output is structured around one question: should you proceed?

02

Structured outputs, not fragmented insights

Same chapters, same evidence-tagging, same decision frame on every deal. Two reviewers reach the same conclusion.

03

Transparent, not a black box

Every claim links to source, every assumption is named, every confidence level is shown. Defendable in the room.

04

Persistent sector expertise

AI-powered sector experts get sharper across deals - pattern recognition, consistent judgment, learned from every brief.

Product · three tiers

Diligence at every stage of the deal

From initial screening to full investment decision - each step builds toward a clear, structured view of the opportunity.

01~30 min delivery

Target Screening

Rapid deal screening
Should we look at this deal?

A fast, structured view on the company, market, and key risks - designed to provide an initial investment signal

What you get
  • Business overview
  • Market snapshot
  • High-level competitive signals
  • Initial risks and blind spots
How to use it

Prioritize dealflow, filter opportunities quickly, and identify where deeper analysis is required.

02~3h delivery

Outside-in Review

Structured validation
Should we proceed?

An evidence-based outside-in view combining public, proprietary, and partner data - designed to validate the investment case with structured market intelligence

What you get
  • Market size and growth dynamics
  • Competitive landscape and positioning
  • Demand drivers and customer segments
  • Key risks and investment hypotheses
Optional
  • Expert interviews
  • Expert / partner review
How to use it

Assess attractiveness, pressure-test the initial story, and define where deeper diligence is required.

03~3 day delivery

Commercial DD-light

Investment-ready analysis
Should we invest?

A comprehensive, investment-grade analysis combining external data, proprietary insights, and internal materials - enhanced through expert validation where needed

What you get
  • Deep market and competitive analysis
  • Customer and value proposition assessment
  • Detailed risk analysis
  • Structured investment thesis
Input
  • CIM / data room upload
Optional
  • Expert interviews
  • Expert / partner review
  • IM cross-validation
How to use it

Support investment decisions with a complete, evidence-based view that is ready for internal discussion and validation.

Who is it for

Built for the teams making the call

Each team makes a different call - same underwriting layer behind it.

Private Equity

Outside-in reviews and full CDDs. Triage your funnel from sourcing to IC - without 6-week boutique cycles.

Venture Capital

Commercial validation between term sheet and close. Market, competition, thesis - defendable to your partnership.

M&A Teams

Commercial reads for acquisition targets and strategic moves. Defendable to your board, faster than mandating an advisor.

Strategy & Advisory

Diligence inputs for advisory work. Outside-in market and target reads - defendable in your client deliverables.

Request a walkthrough

Tell us your target. We'll tell you if it's underwritable

Tell us about a deal you're working on. We'll prepare an outside-in read and walk you through it on a 30-minute call - no commitment required.

In the walkthrough we'll cover
Business snapshotMarket signalsCompetitive viewInitial risk flags

30-minute call · no commitment · NDA-ready