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Venture CapitalDeeptech

Operational readiness, not just a code review.

ICOS Capital uses Scaleflow's due diligence to test whether deeptech targets are operationally ready for investment-driven growth.

ICOS CapitalICOS Capital
ICOS Capital

Icos Capital invests in breakthrough climate and deeptech ventures, where the science is often the easy part of the assessment. The harder question is operational: is the technology fit for purpose, and can the organisation behind it carry the commercial acceleration the investment assumes?

How it went

Operational readiness first

The due diligence prioritises operational readiness over pure tech analysis: scalability, security and compliance, assessed against the growth plan rather than in isolation.

Scan plus interviews

An automated scan of the codebase combined with interviews with the team, delivered against the deal timeline.

Findings that shape the deal

The findings translate into concrete actions, which can become conditions in the investment agreement rather than surprises after the close.

Every startup we have taken through technical due diligence has appreciated it, and the depth of the analysis is consistently useful to our process.

Nityen Ranjan LalNityen Ranjan Lal
Managing Director, Icos Capital

What the due diligence surfaced

  • Whether the technology is fit for purpose for the growth the case assumes
  • Whether the security posture in practice matches what the certifications promise
  • The organisational gaps that matter for scaling, from leadership to engineering practice

The outcome

  • An objective read on operational readiness, in time for the investment decision
  • Concrete mitigations the investor can build into the deal
  • Risk surfaced before the close, not after it
ICOS Capital

ICOS Capital

Venture Capital

Collaborative venturing fund accelerating sustainability, investing in breakthrough climate and deeptech ventures and connecting them with corporates.

HQ: Amsterdam
Focus: Climate & deeptech
Model: Collaborative venturing
icoscapital.com

Start with an X-Ray.

1 business day. The complete picture. 250+ assessments delivered.