Plaque Eurazeo apposée sur la façade d'un immeuble haussmannien parisien
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Eurazeo · IdInvest

Buy-side technical due diligence

Independent assessments of the engineering team, product and tech debt of Eurazeo / IdInvest investment targets, delivered in under fifteen days with a clear read on strengths and weaknesses.

Inside the project

Client brief

Eurazeo, through its IdInvest arm, invests in dozens of B2B and B2C European start-ups every year. Pre-investment due diligence windows are short, and the deal teams need an independent technical opinion to complement business and financial analysis.

The client was looking for a partner able to run fast technical audits (< 15 days), packaged as a clear report readable by a non-technical investment committee, and grounded in deep interviews with the target's CTO and lead developers.

Our approach

Each engagement starts with a scoping call with the deal team to align on the priority angles: architecture, scalability, security, tech debt, team and organisation.

Our lead engineers then run 3 to 5 technical interviews with the target, cross-reference them with a selective read of the codebase, infrastructure and backlog, and deliver a 15 - 25 page report: snapshot of the as-is, strengths, ranked risks and a 12 - 18 month remediation plan.

The report is defended at the investment committee and stays alive: we remain available to clarify technical topics throughout the process and post-closing if the asset is acquired.

The project today

Several dozen due diligence reports have been delivered over the years, on targets ranging from early-stage marketplaces to international software scale-ups.

We are proud of the trust Eurazeo / IdInvest has placed in us and continue to back up their deal teams whenever the technical angle weighs on the investment decision.

Client testimonial

As an investment firm, we're often looking for independent experts that can perform a quick due diligence on the digital products or softwares of the startups we're investigating. Bluesquare made themselves available and performed a thorough assessment of the tech team and products in a limited time frame. Michel gave us the insights we needed on the strengths and weaknesses of the investment target in a clear and concise manner.

Matthieu Bonamy

Matthieu Bonamy

Partner · IdInvest · Eurazeo

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