Key takeaways
- Early-stage diligence is mostly requests, documents and checking claims against evidence.
- Delsivo's claim tracker keeps each claim's definition, period, units and sources, with one of four evidence labels.
- Follow-up forms and file requests go out through the fund's portal, with states from Draft to Complete.
- Data rooms with folders, guests, watermarks, NDA acknowledgement and activity logs arrive in the first release.
What VC due diligence software covers
At pre-seed and seed, diligence is lighter than in later rounds but follows the same shape. The fund asks for information, the founder sends it, and someone checks it against what the deck and the calls said. The documents go somewhere safe, a few outside experts may look at them, and the fund records what it concluded and why.
Tools for this range from a checklist and a shared drive, to virtual data rooms, to CRMs with diligence checklists. What most of them don't hold is the link between a claim and its evidence. The VC due diligence process guide walks through the steps in order.
Claims first, documents second
Delsivo treats a claim as the unit of diligence. A claim records the assertion, the metric definition, the period, the amount and units, the source links, an owner and its verification state. Each carries one of four labels: founder reported, corroborated, disputed or unresolved. When facts change, earlier statements are kept.
Take a deck that says 20 enterprise customers, and an interview where the founder explains that 12 of them are unpaid pilots. Delsivo keeps both statements with their sources, marks the claim for review and creates a verification task. Nobody has to remember the discrepancy. See claims and evidence.
| Label | Meaning |
|---|---|
| Founder reported | Stated by the founder in the deck, a form or the interview, not yet checked |
| Corroborated | Backed by a document, a data room file or an analyst's check |
| Disputed | Two sources disagree; both versions are kept and cited |
| Unresolved | Not enough evidence either way yet; it becomes a question or a task |
Requests and forms
Requests go to the founder through your portal, not by email. In the pilot, forms take text, numbers, selections, files and required fields, and scoped file requests ask for a specific document. The first release adds currency, dates, URLs, repeating rows, conditional logic, a preview, assignees per section and delegation.
Each request moves through Draft, Sent, In progress, Submitted, Changes requested, Complete or Expired. Reminders go only for outstanding items, and a request can be revoked. Templates cover revenue quality, product, security, customers, cap table and legal. A due diligence checklist template lists what to ask for.
Data rooms, in the first release
Data rooms are planned for the first release, with folders for Corporate, Financials, Customers, Product and IP, Security, People and Round Documents. Each requested item moves through Requested, Uploaded, In review, Accepted or Changes requested, with versions, previews and questions on each file.
Named guests get access that expires, with a preview and download policy, a watermark and an NDA acknowledgement, and every view and download is logged. Uploaded files are scanned for malware before anyone can preview them or AI can read them. More on data rooms.
Limits to know
- Data rooms, versioned conditional forms, document intelligence and cited research are first release features, not in the pilot.
- Term sheet and closing tracking are planned for a later release.
- There are no integrations with drives or CRMs yet.
- Delsivo is at the design partner stage and holds no security certification yet. The security page lists the designed controls.