Due Diligence & Investment Analysis

Review More Deals.
Make Better Decisions.

AI-powered due diligence and investment analysis for private markets.

Evaluate opportunities faster, identify risks earlier, and prepare investment-ready outputs in minutes — without adding headcount.

Built on the NorthForge Intelligence Layer™ — a proprietary investment reasoning framework that surfaces the assumptions, evidence gaps, dependencies, contradictions, and risks hidden inside an opportunity.

Built for private market investors
Venture CapitalGrowth EquityPrivate EquityCorporate VCFamily Offices
app.northforge.ai / deals / project-atlas
Project Atlas — Series B
SaaS · $24M raise · 47 source documents
78
Readiness
Revenue assumptions supported by cohort data9/14
Churn evidence incomplete — 3 gaps flagged82%
Customer concentration risk in top accounts2 high
Evidence Coverage
Diligence Findings
9 supported3 gaps2 risksIC memo ready

Why NorthForge Exists

Most Investment Mistakes Aren't About Missing Facts

They're about unsupported assumptions, incomplete evidence, hidden dependencies, and contradictions no one had time to reconcile.

What AI usually does

Most AI tools help investors understand what is in the documents.

Where decisions actually fail

Most investment decisions fail because of what is missing from the documents.

Traditional ReviewManual
  • Manual document review
  • Analyst synthesis by hand
  • Time intensive
  • Difficult to scale
General-Purpose AIAssist
  • Summarizes documents
  • Answers questions
  • Generates text
  • Accelerates reading
NorthForgeIntelligence
  • Maps assumptions
  • Tracks evidence
  • Identifies contradictions
  • Surfaces decision-critical risks
  • Produces investment-ready outputs

NorthForge helps investors focus on the questions most likely to change the investment decision.

The Problem

Investment Decisions Are Only As Strong As The Evidence Behind Them

Teams face more material and less time than ever. The risks that matter most are rarely the ones on the surface.

Too Much Information

More documents per deal than any team can fully reason about by hand.

Limited Time

Competitive processes compress diligence into days, not weeks.

Hidden Assumptions

The beliefs holding up the thesis often go unstated and untested.

Overlooked Risks

Missing evidence and quiet contradictions surface too late to act on.

Why NorthForge

Focus On What Matters Before Capital Is Committed

NorthForge adds a layer of clarity to the process you already trust — so your team spends its time on judgment, not assembly.

01

Review More Opportunities

Analyze deals faster without sacrificing rigor. Your team covers more ground with the same headcount.

02

Surface Risks Earlier

Identify unsupported claims, missing evidence, and critical weaknesses while there's still time to act.

03

Prepare Investment-Ready Outputs

Generate structured reports, diligence summaries, and IC-ready materials — every conclusion traceable to its source.

How It Works

Built To Strengthen Investment Judgment

Three steps from raw deal materials to decisions your committee can stand behind.

1

Upload Investment Materials

Pitch decks, CIMs, data rooms, reports, and financials — in whatever form they arrive.

2

Analyze Evidence

NorthForge structures the information, highlights risks, and surfaces the findings that matter.

3

Support Decisions

Generate reports, track assumptions, and prepare investment-ready outputs for the committee.

The Core Technology

NorthForge Intelligence Layer™

A proprietary reasoning framework that structures every opportunity into the questions an investment committee actually needs answered. Six lenses work together on each deal.

01

Assumption Intelligence

What must be true for this investment to succeed?

02

Evidence Intelligence

What evidence supports — or contradicts — the thesis?

03

Dependency Intelligence

Which variables drive success or failure?

04

Contradiction Intelligence

Where do the documents disagree with each other?

05

Fragility Intelligence

Which assumptions create disproportionate risk?

06

Signal Intelligence

What meaningful patterns emerge across the information?

NorthForge does not replace diligence. It helps teams focus their diligence where it matters most.

AI Assistance vs Investment Intelligence

Generative AI Reads. NorthForge Evaluates.

Generative AI is excellent for reading, summarizing, researching, and drafting. Investment decisions require something different.

General-Purpose AI
NorthForge
Answers questions
Structures investment reasoning
Summarizes documents
Tracks assumptions
Generates text
Maps evidence to claims
Supports general research
Identifies contradictions
Limited traceability
Surfaces decision-critical risks
Generic reasoning
Produces traceable, workflow-ready outputs

Generative AI helps teams process information. NorthForge helps teams evaluate investment opportunities.

How NorthForge Thinks

From Information To Investment Insight

Every opportunity moves through the same chain of reasoning — the path from a stated thesis to its effect on the decision.

01

Investment Thesis

The case being made for the opportunity.

02

Assumption

What must hold true for the thesis to work.

03

Evidence

What the materials actually substantiate.

04

Gap

Where evidence is missing or falls short.

05

Risk

What that gap could mean for the outcome.

06

Decision Impact

How it should shape the investment call.

A Real Analysis, Step By Step

This Is Reasoning — Not Summarization

A single finding, the way NorthForge surfaces it: claim, evidence, gap, impact, and the next step — each tied back to a source.

Finding · Revenue RetentionProject Atlas · Assumption Intelligence
Investment Claim
Net Revenue Retention exceeds 125%.
Evidence Found
Historical cohorts support 119%.
Gap Identified
No supporting evidence for the projected increase to 125%.
Potential Impact
Growth assumptions may be overstated.
Recommended Next Step
Request customer retention analysis by segment.
Confidence
Medium — based on 3 cohort tables across 2 documents.
Source · Q4 Operating Report, Page 18 — linked in the analysis

Sample Outputs

From Deal Data To Investment-Ready Analysis

Every deliverable is generated from your materials and linked back to the evidence behind it.

app.northforge.ai / outputs / ic-memo

Economic Value

Estimate The Impact On Your Diligence Capacity

Adjust the inputs to reflect your team. This is an estimation tool based on your own assumptions — not a performance claim.

120
Opportunities that reach active diligence.
40 hrs
Analyst time spent gathering and synthesizing per deal.
$150/hr
Fully-loaded hourly cost of diligence staff.
40%
Share of synthesis work the platform could absorb — your assumption.
Potential annual impact
1,920
Analyst hours potentially freed each year
$288K
Estimated cost of that time
+48
Additional deals reviewable at the same effort

Illustrative estimate generated from the inputs above and public market assumptions. NorthForge is early stage; this is a planning tool, not a guarantee of results.

Trust & Security

Built For Decisions You Can Defend

Designed for the standards private market investors are held to — your team stays in control of every decision.

Secure Document Handling

Confidential deal materials are processed with enterprise-grade controls and isolation.

Source Traceability

Every finding links back to the exact document and passage that supports it.

Evidence-Backed Outputs

No conclusion stands without the evidence that justifies it — nothing is asserted blind.

Auditability

Consequential steps are logged so your process holds up to scrutiny after the fact.

Private Market Focus

Built specifically for the workflows of VC, PE, growth, and corporate investors.

Human-Guided

NorthForge supports the people making the call — it does not make it for them.

NorthForge strengthens your process. Your team makes the decision.

Who It's For

Built For Private Market Investors

Different mandates, the same need: clearer evidence before capital is committed.

Venture Capital

Screen More, Miss Less

Move through inbound at scale and surface founder and market risks before the term sheet.

InputsPitch deck, founder materials, market reports
OutputsAssumption map, market validation review, investment memo
SupportsScreening, partner discussions, IC preparation
Corporate VC

Assess Strategic Fit

Evaluate technology, partnership, and execution risk against your strategic priorities.

InputsStartup materials, strategic roadmap, technology docs
OutputsStrategic fit assessment, dependency map, risk review
SupportsPartnership evaluation, strategic investment, tech scouting
Family Offices

Diligence Without A Large Team

Apply institutional rigor to every opportunity without scaling headcount to match.

Growth Equity

Validate The Growth Story

Pressure-test revenue, retention, and unit-economics claims against the underlying evidence.

Private Equity

Accelerate Commercial Diligence

Work through data rooms faster and sharpen investment committee preparation.

InputsCIM, virtual data room, financial model
OutputsCommercial diligence summary, risk map, IC memo
SupportsDeal screening, diligence acceleration, committee prep

Not sure where you fit?

Talk To Our Team

See What Your Current Process Might Be Missing

Discover hidden assumptions, missing evidence, and risks before investment decisions are made.