Vlad Tislenko, a partner at venture capital firm SMRK VC, today announced the launch of Startup Due Dil, a web application that automates the collection, verification, and structuring of information during startup due diligence.
SMRK VC invests in Ukrainian technology startups. At the fund, Tislenko works with portfolio companies including Esper Bionics, Deus Robotics, Osavul, Ability.ai, and Principle. Before joining SMRK, he was a technology entrepreneur and led Concepter until its exit in 2021.
Automating the grunt work of due diligence
Startup Due Dil began as an internal tool Tislenko built to support his own work assessing investment opportunities. The platform cost less than €1,000 to build. Tislenko told me he was inspired to found Startup Due Dil to keep up with AI progress, particularly to better understand the technology, “so I can make better investment decisions in the AI space and give better advice to portfolio companies.”
He also highlighted the opportunity to automate routine but important tasks, such as verifying information founders share in pitch decks. Thoroughly evaluating a startup requires reviewing large volumes of information, a process that can take anywhere from several hours to several days.
