Trust exchange. Founders earn it. Capital trusts it. Boards navigate by it.

The European standard for backability.

Helping founders and investors trust each other faster. We measure what founders and investors currently guess, and show the path that works for both.

Trusted by
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Europe does not have an innovation problem. It has a backing problem.

A venture rarely dies of rejection.
It dies because it runs out of gas.

The rules changed for ventures

18 to 29 months

Time from seed to Series A in the UK. 2019, then today.

15% to 92% 

Share of companies raising a Series A that already had revenue. 2010, then 2023.

camille presenting (1)

Investors are losing capital

71%

of European venture funds fail to return capital. 

6x

Capital goes in at 6 times the rate it comes back out. 2025: 19.7bn€ invested into 4,827 companies. 3.2bn€ realised at cost from 1,211.

Investors are not returning capital

One failure, two victims.

Three ways in.

So, what are we doing about it?

We are building the European standard for backability. One read of a venture against a published method, applied the same way every time. The navigator is the outcome and it tells you: where the venture stands based on its own evidence, what is missing, and what closing each gap is worth. We recalculate with every new raise or milestone, because a company at early stage moves constantly.

We are a neutral third party. We take no fee from any transaction, no carry from any fund,. Our role is to create the common language founders, investors and boards are missing.

 

The founder acts. The investor decides. The board governs.

Founders

Tired of getting ghosted by investors? Find out why before your next pitch. See where you stand and what's missing. Know which gap to close first. Then walk into your next meeting ready to be backed.

Start here

Investors & angels

Losing money you were meant to return? Run every venture in your portfolio through one repeatable method. Compare them on the same basis. Spot the critical gaps while they can still be fixed. Protect the returns you promised.

Start here

Boards & directors

Will your company still be backable when the cash runs low? Get an independent read before the next raise, not a pitch from management. Hold every milestone to one standard. Keep a dated record of what the board knew and when.

Start here

In their words

Trusted by you.

Where we are going.

By 2030, a serious European raise carries a Trust Exchange assessment, and its absence is what raises the question.