Deal pipeline
25-company research universe
25 researched candidates as of 2026-11-01: 6 P1, 10 P2, 9 P3. Desk screen from public sources; no company other than Medida AI has been underwritten.
P1 means research first, not an investment recommendation
A 25-company desk screen does not show that any company clears the investment criteria. Funding raised is not ARR; GMV, rooms, properties, registered accounts and order volume are not revenue. Where ARR is not disclosed it is shown as “Not publicly verified”, never as zero. Compare the six priority cases.| Public traction disclosure | Revenue disclosure | Evidence availability | Diligence gap | Status | |||||
|---|---|---|---|---|---|---|---|---|---|
| Chift B2B fintech / unified financial integrations API | P1 | B2B fintech | Belgium | Series A €10.5M Series A reported September 2026 | Accounting/POS/payments API platform; customer and ARR values not disclosed | Not publicly verified | 1 public source (independent reporting); not corroborated Source for Chift (opens in new tab) | Confirm ARR, API usage monetization, customer concentration and connector maintenance cost | Not yet underwritten |
| Choice Hospitality / restaurant operating system | P1 | Hospitality | Czech Republic | Series A $7.1M Series A reported March 2026 | Reported >7,000 paying restaurants among >30,000 registered; ~1.5M monthly orders and ~€35M monthly GMV; GMV is NOT revenue | Not publicly verified | 1 public source (independent reporting); not corroborated Source for Choice (opens in new tab) | Verify paid ARPA, ARR, payment take rate, churn, countries and credible ownership entry price | Not yet underwritten |
| happyhotel Hospitality / revenue-management software | P1 | Hospitality | Germany | Series A €6.5M Series A announced February 2026 | Company reports pricing optimization across >50,000 rooms in 12 countries and >€1B hotel revenue managed; neither is vendor ARR | Not publicly verified | 1 public source (company statement); not corroborated Source for happyhotel (opens in new tab) | Confirm active paying hotels, ARR, churn, net revenue retention, seasonality, implementation cost | Not yet underwritten |
| Medida AI Constructiontech / computer-vision measurements | P1 | Constructiontech | Israel / United States | Seed $4M seed announced December 2025 | $3M annualized revenue RATE reported Dec 2025; not verified subscription ARR; deployment across 35 US states | Not publicly verified | 1 public source (independent reporting); not corroborated Source for Medida AI (opens in new tab) | Confirm contracted recurring ARR versus per-measurement and service revenue, accuracy and redo rates | WATCH |
| Reeco Hospitality procure-to-pay software | P1 | Hospitality procure-to-pay software | Israel / United States | Series A $15M Series A reported January 2025; cumulative funding totals differ across subsequent sources | 2026 press reporting describes deployments at 1,000+ hotel properties; this is not paying-customer count | Not publicly verified | 1 public source (independent reporting); not corroborated Source for Reeco (opens in new tab) | Confirm active paying entities vs properties, take rates, software/transaction mix, and latest financing | Not yet underwritten |
| Visitt Proptech / AI property operations | P1 | Proptech | Israel / United States | Series B $22M Series B announced January 2026 | Company reports >150 customers and >900% growth in managed square footage in 2025; neither equals ARR | Not publicly verified | 1 public source (company statement); not corroborated Source for Visitt (opens in new tab) | Verify ARR, sites versus customer entities, deployment economics and valuation | Not yet underwritten |
| Adfin B2B fintech / payment and cashflow automation | P2 | B2B fintech | United Kingdom | Series A $18M Series A reported May 2026 | Automates business invoice collections and payments; ARR unavailable | Not publicly verified | 1 public source (independent reporting); not corroborated Source for Adfin (opens in new tab) | Separate payment volume from net revenue; evaluate bank/rail dependency | Not yet underwritten |
| Chamelio Legal operations AI software | P2 | Legal operations AI software | Israel / United States | Series A $26M Series A announced September 2026 | Company reports hundreds of customers and 4x ARR growth since seed, without disclosing ARR base | Not publicly verified | 1 public source (company statement); not corroborated Source for Chamelio (opens in new tab) | Assess actual ARR; recent funding may imply a high price that limits 5% ownership on a $10M check | Not yet underwritten |
| Klearly Hospitality payments / vertical fintech | P2 | Hospitality payments | Netherlands | Series A €12M Series A reported January 2026 | Restaurant POS-integrated payments platform; no verified net revenue / ARR | Not publicly verified | 1 public source (independent reporting); not corroborated Source for Klearly (opens in new tab) | Confirm net revenue yield, processed volume, acquisition CAC and competing acquirers | Not yet underwritten |
| Kord B2B fintech / compliance and payments workflow | P2 | B2B fintech | United Kingdom | Series A £6.4M Series A reported July 2026 | Onboarding/compliance and payments workflow; no verified ARR | Not publicly verified | 1 public source (independent reporting); not corroborated Source for Kord (opens in new tab) | Separate SaaS contracts from transaction fees and verify regulatory dependencies | Not yet underwritten |
| Namespace Developer tools / cloud build and test infrastructure | P2 | Developer tools | Switzerland | Series B $42M Series B reported October 2026 | Reported customer examples include software firms; ARR not disclosed | Not publicly verified | 1 public source (independent reporting); not corroborated Source for Namespace (opens in new tab) | Verify price, ARR, compute gross margin and AI-agent usage unit economics | Not yet underwritten |
| Parallel Healthcare IT / AI hospital administration | P2 | Healthcare IT | France | Series A $20M Series A reported March 2026 | Deployed across multiple hospitals, number and revenue undisclosed | Not publicly verified | 1 public source (independent reporting); not corroborated Source for Parallel (opens in new tab) | Validate contract value, deployment duration, security and reimbursement exposure | Not yet underwritten |
| Rayon Vertical design software / interior CAD | P2 | Vertical design software | France | Series A €10M Series A reported September 2026 | Browser-native CAD and expansion plans reported; paying customers/ARR not disclosed | Not publicly verified | 1 public source (independent reporting); not corroborated Source for Rayon (opens in new tab) | Check commercial subscriptions, competitive displacement and pricing against CAD incumbents | Not yet underwritten |
| Rivia Healthcare IT / clinical trial data platform | P2 | Healthcare IT | Switzerland | Series A $15M Series A reported March 2026 | Unifies clinical-trial data; no verified ARR disclosed | Not publicly verified | 1 public source (independent reporting); not corroborated Source for Rivia (opens in new tab) | Confirm commercial recurring contracts, validation cycle and biotech budget sensitivity | Not yet underwritten |
| syte Proptech / land and property intelligence | P2 | Proptech | Germany | Series A €9M Series A reported September 2026 | AI property and land analytics platform, revenue undisclosed | Not publicly verified | 1 public source (independent reporting); not corroborated Source for syte (opens in new tab) | Confirm repeat usage, data rights, subscription retention and customer ROI | Not yet underwritten |
| Tucuvi Healthcare IT / voice AI care-management workflow | P2 | Healthcare IT | Spain | Series A $20M Series A reported January 2026 | AI care-management platform, no sourced ARR in article | Not publicly verified | 1 public source (independent reporting); not corroborated Source for Tucuvi (opens in new tab) | Verify clinical escalation safety, patient outcomes, contracts and reimbursement | Not yet underwritten |
| Alpa Hospitality / financial operations software | P3 | Hospitality | United Kingdom | Pre-Seed $3.5M pre-seed reported February 2026 | Operating product and funding described; no confirmed ARR or paying-customer count | Not publicly verified | 1 public source (independent reporting); not corroborated Source for Alpa (opens in new tab) | Verify live customers, contract sizes, integrations and revenue traction | Not yet underwritten |
| Brickanta Constructiontech / AI estimation and bidding | P3 | Constructiontech | Sweden | Seed $8M seed reported January 2026 | Public article describes product; paying users/ARR not established | Not publicly verified | 1 public source (independent reporting); not corroborated Source for Brickanta (opens in new tab) | Verify paid cohorts, precision, and competitive durability versus incumbent estimators | Not yet underwritten |
| conmeet Constructiontech / trades operations OS | P3 | Constructiontech | Germany | Seed €6M seed reported August 2026 | Funding and comprehensive OS scope reported; ARR not disclosed | Not publicly verified | 1 public source (independent reporting); not corroborated Source for conmeet (opens in new tab) | Confirm number of paid contractors, migration friction and recurring sales growth | Not yet underwritten |
| Frontier Health Healthcare IT / AI administrative workflows | P3 | Healthcare IT | United Kingdom | Not specified £9.7M venture financing reported June 2026 | AI administration for NHS; actual ARR and procurement cycle undisclosed | Not publicly verified | 1 public source (independent reporting); not corroborated Source for Frontier Health (opens in new tab) | Verify contracted revenue, procurement dependence, outcome validation | Not yet underwritten |
| LeanCon Construction / AI pre-construction planning | P3 | Constructiontech | Israel | Seed $6M seed reported December 2025 | Public article describes product and financing; no audited revenue or ARR disclosure | Not publicly verified | 1 public source (independent reporting); not corroborated Source for LeanCon (opens in new tab) | Verify enterprise contracts and recurring revenue threshold; time-savings metrics | Not yet underwritten |
| Lette Proptech / AI rental-property operations | P3 | Proptech | United Kingdom | Seed $6.5M seed reported October 2026 | AI rental property management workflow; no disclosed revenue | Not publicly verified | 1 public source (independent reporting); not corroborated Source for Lette (opens in new tab) | Check landlords under paid contract, churn, human-in-loop economics | Not yet underwritten |
| Pillar Constructiontech / operating software | P3 | Constructiontech | Italy | Seed €12M seed reported May 2026 | 2025-founded software business; public article lacks ARR validation | Not publicly verified | 1 public source (independent reporting); not corroborated Source for Pillar (opens in new tab) | Confirm live revenue, retention and construction project adoption | Not yet underwritten |
| reebuild Constructiontech / invoice and cost automation | P3 | Constructiontech | Austria | Seed €3M seed reported October 2026 | Automates contractor invoicing and cost tracking; no verified ARR disclosed | Not publicly verified | 1 public source (independent reporting); not corroborated Source for reebuild (opens in new tab) | Verify usage beyond pilots and ARR threshold | Not yet underwritten |
| Tangled Developer tools / collaborative code hosting | P3 | Developer tools | Europe (precise founder eligibility unverified) | Not specified $4.5M round reported March 2026 | Federated code hosting and collaboration; revenue not disclosed | Not publicly verified | 1 public source (independent reporting); not corroborated Source for Tangled (opens in new tab) | Confirm paid customer count, enterprise conversion and defensibility against GitHub | Not yet underwritten |
P1 (research first), P2 (validate fit) and P3 (watchlist) describe research order only. They are not investment recommendations.