More deals.Same team. Same standard.
Every claim, traced to the page behind it.
Vurdera reads the deal folder and drafts the IC memo. Every claim links to the page it came from. What the documents don't cover gets flagged rather than written around. Drafting goes from 20–40 hours to about an hour of review.
We will run one of your own past deals through it, free. You keep the memo either way.
The memo is the bottleneck.
Two analysts can only properly assess so many deals in a month. Every additional deal competes for the same limited hours.
20–40
analyst hours before the committee sees anything
~6
committee hours spent on a document it cannot interrogate
1–2 days
to get one committee question answered
We give every decision-maker a direct line to the evidence.
The memo gives the committee the analysis but Vurdera gives each member the ability to go further. From any conclusion, they can open the underlying evidence, directly interrogate the deal documents, and see exactly where the answer comes from.
Ask the deal at 2am
A committee member reads the memo the night before the meeting and asks the documents directly. What are we paying. What happens to the multiple if the EBITDA adjustments do not survive QoE. How much debt is available. The answer comes back in seconds, cited to the page it came from. Today that question goes to an associate and comes back in a day or two, or it never gets asked.
The questions become the diligence list
Every question is kept with its answer, and the ones the documents cannot answer are recorded as gaps rather than smoothed over. By the time the committee meets, the list of what to go back to the seller for is already written, in the committee’s own words. Nobody has to reconstruct it from memory afterwards.
The audit trail grows with the deal
What was claimed, what it rested on, what was asked and what came back. All of it computed from the memo itself, so it cannot be edited into disagreeing with it. When someone asks in eighteen months how this deal was assessed, the record is what was actually in front of the committee.
From documents to decision.
Vurdera turns a deal’s underlying evidence into an investment case, with every claim traced back to the document it came from.
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01
Select the folder
PDF, Word, PowerPoint or Excel. A free pre-flight check shows you what can be read before anything runs.
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02
Vurdera reads the documents
It works through the folder before drafting, with each factual claim tied back to its source document and page.
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03
Get the first draft
The memo follows your section structure. Factual claims are cited, and missing information is flagged rather than filled in.
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04
Review and export
Work through the draft with your team, check the underlying sources and export the finished memo to Word.
Deals reviewed per analyst-month
3
30
Traditional process
20–40 hours per deal spent reviewing documents, assembling the analysis and writing the memo.
With Vurdera
About an hour to review the draft and check the underlying claims.
More time to find the right opportunities.
Time spent assembling a memo is time not spent finding and assessing the next opportunity. Vurdera moves the analyst’s time from assembling the case to testing it, challenging it, and deciding what matters.
Every claim. Every source.
A drafted section, and the passage behind the claim you clicked. Open the real document at that page and the sentence is there. Nothing in the memo asks to be taken on trust.
Source everything
Every claim carries a chip naming its document and page. After drafting, each citation is matched back against the text of that page. Plain string and number matching, not a model grading its own work.
Surface what is missing
Where the documents are silent, the memo says so instead of writing a confident sentence. A gap found before the committee meets costs a phone call. Found in month three of diligence, it costs weeks.
Refuse to invent
Ask something the documents don’t answer and it says so, then lists what it would need to answer properly. It will not fill the gap with something plausible.
Audit the memo
Every cited claim traced to the passage behind it, which sections rest on which sources, and which passages the draft never used. Computed from the memo itself, so it cannot drift from what the memo says.
What happens to your documents and data.
Processed, then discarded
You select documents on your own device. They are sent over an encrypted connection, processed for that request, and discarded when it completes. There is no document repository, no file store and no vector database. Nothing on our side holds your data room.
Never used for training
Analysis runs on the Anthropic API under commercial terms: your content is not used to train models. We add no training pipeline of our own, because we keep no copy to train on.
The memo stays on your machine
The finished memo and the citations behind it are held locally on your own device so you can pick the work back up, not in a repository on our side. We keep no server-side copy of it, and clearing your browser data clears it.
Read-only for the committee
The committee view cannot edit, regenerate or export the memo, and questions never touch the draft. The audit trail is computed from the memo, so it cannot be edited into disagreeing with it.
You have four other options.
| Option | What you get | Where it breaks |
|---|---|---|
| Keep doing it manually | Full control, and the reading stays in one person's head. | 20–40 hours a memo. Gaps found late. The committee still cannot check anything. |
| A general AI assistant | A draft, quickly, at consumer-tool prices. | No citations you can verify against a page. It answers when it should refuse. No committee seat, no audit trail, and your deal documents sit in a consumer product. |
| Hire another analyst | Judgment, relationships, someone accountable. | $150k and six months of ramp, and they still cannot answer your committee at 2 in the morning. |
| An enterprise research platform | Broad market data, deep search, an established vendor. | Priced per seat, well into five figures a year, and built for research across markets rather than one defensible memo from one data room. Procurement takes months. |
Vurdera gives you a cited, gap-flagged IC memo from the deal docs you already have, and a seat where every committee member can question the data room themselves.
Priced against the cost of doing it manually.
Priced on the size of your team and how many deals you put through it, so the number tracks the work it takes off your analysts.
Vurdera is priced against the cost of evaluating a deal properly — advisers, third-party work and the time your investment team puts into it — rather than as a per-seat software subscription.
It is priced on deals evaluated, not deals closed. Most of the memo work in a firm goes into opportunities that never close, and that is not waste — that is the job.
Most engagements
$1,500–$6,000/ month
One memo, drafted the current way
$1,500–$5,000of analyst capacity
What you are never billed for
Per document. Per token. Committee seats.
What determines your price
- Team size. How many analysts and associates draft memos.
- Deal volume. How many opportunities you put through appraisal each month.
- Enterprise requirements. A data processing agreement, security review support, custom contractual terms.
What it is not
- No per-document or per-token billing. A month where you evaluate thirty deals never produces a surprise invoice.
- Committee members do not consume seats. They read, question and audit memos without a licence.
Order of magnitude
One memo drafted by hand costs $1,500–$5,000 of analyst time, before the committee hours spent checking it. At the bottom of our range that is one memo a month to break even.
Quoted monthly, billed monthly or annually.
Frequently asked questions
What Vurdera is
What does Vurdera actually do?
Vurdera turns a deal folder into an investment committee workspace.
It processes the documents in that folder — CIM, model, management presentation, diligence reports, DDQs, call notes — and produces a structured investment committee memo in your firm’s format. Every factual claim drawn from the deal materials is cited to the document and page it came from.
Then your committee can interrogate it. Each member gets a read-only seat where they can ask a question about the deal and see the answer traced back to source, or see plainly that the documents do not contain one.
Vurdera does the assembly. Your team does the investing.
Who is it for?
Lean investment teams that need to evaluate more opportunities without dropping the standard of the analysis.
In practice that is a three-to-ten person investment team screening fifty or more opportunities a year, where the memo is still written by hand: family offices and private investment offices, independent sponsors, small and mid-market private equity, venture and private credit funds, and corporate development teams running M&A without a dedicated investment bench.
It is a poor fit at both extremes. A principal doing five deals a year has occasional pain and a general AI assistant is enough. A firm with twenty analysts and an incumbent platform has a procurement problem, not a memo problem.
What documents can Vurdera analyse?
The documents that normally sit in a deal folder: CIMs, financial models, management presentations, diligence reports, DDQ responses, market research, contracts, term sheets and call notes.
Before any analysis, Vurdera checks the folder and shows you which files it can process. Image-only documents with no text layer are excluded — optical character recognition is not supported yet. You know exactly what the memo is based on before it is generated, rather than discovering the gap in it afterwards.
How is this different from giving the documents to ChatGPT or Claude?
It isn’t, for the drafting. A general assistant will produce a competent first draft of an investment memo. Anyone telling you otherwise has not tried it.
The difference shows up afterwards, when a partner asks where a number came from.
Vurdera checks each citation against the text of the source page it points to, so a claim that cannot be supported is flagged rather than quietly included. It states what the documents do not answer instead of filling the gap. It produces the same structure on every deal, so memos are comparable across a year of deal flow. It leaves an audit trail your committee can read six months later. And it does all of this under commercial terms written for confidential deal documents, rather than a consumer chat window.
The drafting is the easy part.
How is Vurdera different from other AI investment tools?
Many of them focus on what is inside the documents: extraction, summarisation, search and citation. They are good at it.
Vurdera starts from what the investment team has to decide. The output is not a searchable data room, it is the memo and the interrogation of the memo — what the evidence supports, what it does not, what is missing, and what your committee should press on before it votes. That last part is the work that actually takes the week.
There is a comparison further up this page. If you are evaluating a specific alternative, ask and we will tell you honestly where it is stronger.
Is Vurdera going to replace our analysts?
No. It replaces the hours of assembly, not the judgment.
Someone still has to decide what the evidence means, form a view, defend it to a committee, and own the outcome. Vurdera produces the draft that person starts from, and surfaces questions they may not have thought to ask.
The committee
Can our committee members use it themselves?
Yes. Each deal gets a read-only seat for the investment committee.
A member can open the memo, ask a question about the deal in their own words at eleven at night before a Tuesday meeting, and get an answer drawn only from that deal’s own documents, with the source attached.
They cannot edit the memo or the audit trail. What they can do is keep a question log — and that log is the most useful artefact in the process, because it becomes the diligence list before the meeting rather than the minutes after it.
What happens when the documents do not answer the question?
It says so.
Ask for an IRR when there is no financial model in the data room and Vurdera will tell you the model is not there and what it would need. It does not estimate, and it does not reason its way to a number that looks plausible.
This is the behaviour we would most like you to test. It is also the reason the memo is useful: a draft that flags twelve gaps on Monday is worth more than one that reads smoothly and hides them until the committee finds them on Thursday.
What happens when two documents contradict each other?
It surfaces the conflict rather than picking a side. The memo cites both sources and flags the discrepancy for a human to resolve.
Contradictions between a CIM and a model, or between management’s projections and the diligence report, can be some of the most informative things in a data room. Resolving them silently would destroy the only value in finding them.
Can we edit the memo before it goes to the committee?
Yes. Vurdera produces the first draft and your team keeps control of it — edit it, challenge it, delete sections, add your own analysis, regenerate what you do not like.
Vurdera is there to remove the assembly work, not to take ownership of the investment case. The memo that reaches your committee is the one your team approved.
Does Vurdera tell us whether the deal is good?
No, by design.
Vurdera surfaces unanswered questions, unsupported claims and the evidence relevant to the investment case. It does not issue a recommendation, score a deal, or tell you what to do with your capital.
The investment decision stays with your team.
Trust and data
How do I know it is not making things up?
Two checks, both mechanical.
First, every factual claim drawn from the deal materials must have a source, and each citation is checked against the text of the source page it cites — direct text and number matching, not a second model asked whether the first one was right. A claim that cannot be supported is flagged rather than included.
Second, Vurdera is built to say when the documents do not contain the answer, rather than fill the gap with an assumption.
We will not tell you it is never wrong. What we will do is show you where each factual claim came from, so that checking it takes minutes instead of a re-read.
Can I see where each claim came from?
Yes. Every factual claim in the memo links to its source document and page, and every deal carries an audit trail recording what was claimed, what supported it, and what was flagged.
The audit trail cannot be edited from within Vurdera, by your team or by us. It is there for the conversation nine months later, when someone asks what you knew at the time.
Is our data used to train AI models?
No. Your investment data is not used to train the AI models that power Vurdera.
Vurdera runs on Anthropic’s commercial API, where customer inputs and outputs are not used to train Anthropic’s models. We do not train models of our own on anything you send.
Where do our deal documents go?
You select them on your own machine. They are transmitted over an encrypted connection, analysed, and discarded from our processing environment once the request completes.
Vurdera keeps no document repository, no file storage and no vector database. The memo itself stays on your machine.
Full detail is in our Privacy Policy. Our data processing agreement and subprocessor list are available on request, before you send anything.
Are you SOC 2 certified?
Not yet, and we would rather say so than imply otherwise.
What exists today: a data processing agreement, an explicit no-training clause, a versioned subprocessor list, and a security overview written for a reviewer rather than a buyer. For firms subject to Reg S-P, we have a pre-drafted vendor rider with 72-hour breach notification.
Tell us what your security review requires on the first call and we will tell you plainly whether we meet it today.
Getting started
Do we need to change our investment process?
No. Vurdera sits on top of the process you already have. You give it the deal materials, it produces the memo in your house format, your team reviews and edits it as they normally would, and your committee meets as it always has.
There is no data migration and no integration work. From an existing deal folder you can generate a first memo in minutes; setting up your house template takes one onboarding call.
The point is to remove the manual assembly around your investment process, not to introduce another process.
Our memos follow a specific house format. Can Vurdera match ours?
Yes. You give us your section headings and what each section has to contain, and Vurdera drafts to that structure. We set it up with you on one onboarding call.
The format question matters more than it sounds. A memo that arrives in your house structure gets edited. One that arrives in someone else’s gets rewritten, which is no saving at all.
Can we use Vurdera across our whole pipeline?
Yes, and that is where it earns its keep. Vurdera is built for repeated use across deal flow, not for one-off set-piece diligence.
Each deal stays separate — its own documents, memo, sources, question log and audit trail, with nothing bleeding between them. What carries across is the standard: the same structure and the same evidentiary discipline applied to the fortieth opportunity of the year as to the first, which is what makes memos comparable at all.
Can we try it on a single deal before committing?
Yes, and it is free. It is also how we prefer to start.
Send us something that is yours to send — one of your own past memos, a deal where you were the seller, or one where the confidentiality obligations have expired. We will run it through Vurdera and walk you through the output claim by claim, including the parts it got wrong. You keep the memo whatever you decide.
We would rather you tried to break it in front of us than took our word for it.
See it on a deal you already know.
Send us a deal that is yours to send — your own past memo, a deal where you were the seller, or one where the NDA has expired. We will run it through Vurdera and walk you through the memo it produces. Every claim cited to your own documents, every gap it found stated plainly. You keep the output whatever you decide about the rest of it.
Prefer email? Write to sales@vurdera.com.
Vurdera is built by investment professionals who know firsthand what goes into turning a deal into an investment decision. We’re based in the UAE, so if you’re in DIFC or ADGM, we’re happy to come to you and walk you through it in person.