Diligence

THE
CHECK

We review the company profile so investors can trust it. What is verified stays. What is missing gets fixed before the profile is shared with investors.

Static pack versus always-current profile Left: a stale closed document stack with an old last-updated mark. Right: an always-current profile slab marked current. No product chrome, no metrics, no people. Static Last updated · 14 mo ago Deck / pack Goes stale between raises Always current Current Always-current profile Stays with every raise

The Narro Standard

THE
STANDARD

We don't make introductions. We make qualified introductions.

Most matching services step aside after an introduction. Narro reviews the company profile first, before any company is introduced to our angel group network or a multi-angel-group showcase. Every introduction carries our verification, not just the founder's pitch.

  1. Independent verification

    We verify claims independently against primary sources. We don't rely solely on documents founders submit. We cross-reference, validate, and confirm before anything moves forward.

  2. Standardized scoring

    Every company is assessed through the same three-pillar framework. This consistency ensures fairness across evaluations and gives our partners a uniform basis for comparison.

  3. Partner-aligned criteria

    We screen against the actual investment criteria our angel group partners care about. Our diligence is designed to answer the questions investors ask, not generic checklists.

Screening

THREE
ROOMS

Every company is assessed through the same three rooms. Legal. Financial. Operational. Nothing important is missed. Every assessment is comparable.

Legal & Structural Validity

Corporate governance, cap table clarity, shareholder agreements, IP ownership, regulatory compliance, and entity formation are all verified against primary sources. We confirm the company is legally sound and structurally ready for investment.

Financial Quality & Assumptions

We review historical financials, burn rate logic, revenue projections, use-of-capital plans, and unit economics. Assumptions are stress-tested against market comparables and stage-appropriate benchmarks.

Operational & Market Readiness

Team backgrounds, traction metrics, market sizing, competitive positioning, and GTM execution are evaluated against what angel groups expect at each stage. We assess whether the opportunity matches the narrative.

The procession

FIVE
STEPS

Each step builds on the last. When we are done, the company profile is ready to share with investors.

  1. Set up your company

    Add the company details and main documents in one place. We mark what is missing before we go further.

  2. Review the documents

    We review records, numbers, ownership, and legal documents. We also check the team.

  3. Talk it through

    We sit with the founder. We ask about the plan, the numbers, and the market. Notes stay in the company profile.

  4. Fix the gaps

    We show what is strong and what still needs work. You get a simple list to fix.

  5. Share with investors

    Only a ready company profile is shared. Investors review the current profile.

The company profile

WHAT WE
REVIEW

No detail is too small when capital is on the line. Here is what we review for every company.

  1. Story

  2. Documents

    The data room stays on the profile, not rebuilt each round.

    • Minute Book
    • Intellectual Property
    • Financing Agreement
  3. Numbers

    Traction, financials, and the metrics investors will ask for.

    • Current Raise / AskUp to date
    • Revenue YTDUp to date
    • Monthly Net BurnUp to date
  4. Cap table

    Ownership, options, and prior financing, kept current.

    • Share classes
    • Issuances
    • Option grants
    • Convertibles
  5. Team

    Founders and operators, in the same place as the rest of the profile.

    • Founders
    • Operators
    • Advisors
Corporate Structure
Incorporation documents, governance bylaws, shareholder agreements, board composition, and registered business status.
Financial Records
Audited or unaudited financial statements, tax returns, bank records, burn rate analysis, and capitalisation tables.
Intellectual Property
Patents, trademarks, copyrights, licensing agreements, IP assignments, and freedom-to-operate assessments.
Cap Table & Ownership
Equity distribution, option pools, vesting schedules, convertible instruments, and prior financing terms.
Market Validation
Customer contracts, letters of intent, usage metrics, revenue concentration, competitive positioning, and total addressable market analysis.
Team Verification
Founder backgrounds, prior exits, employment history, key hire qualifications, advisory board credibility, and reference checks.

Outcomes

THE
VERDICTS

We have a bar. Not every company clears it. Every company receives written feedback, regardless of the result.

Cleared for Introduction

Company meets all criteria across our three-pillar framework. Proceeds to warm introduction with a full diligence package and contextual briefing for the angel group. Top-performing companies may also be invited to multi-angel-group investor showcases for direct exposure to 4+ networks simultaneously.

Conditional Pass

Company is fundamentally strong but has minor gaps. Introduced with disclosed conditions and a remediation timeline. The angel group is briefed on the specific areas to monitor.

Remediation Required

Material gaps were identified during diligence. The company receives detailed written feedback and can re-submit after addressing the flagged issues. No introduction is made until the bar is cleared.

Does Not Clear

Company does not meet our standards at this time. Comprehensive written feedback is provided explaining the specific areas of concern. The founder is welcome to re-apply after meaningful progress.

SET UP YOUR COMPANY

Create your company profile. We will review it.

How it works