Closing diligence means that an appraisal process led by a prospective investor of an organization seeking debt, grant or equity has been terminated. This may or may not mean that a diligence has effectively been completed; an investor may close said process at any time without further notification of next steps. This effectively closes the Diligence ‘table’ that has been opened and managed by a lead prospective investor. This also closes the process for any other investors or invitees to the ‘diligence table’, regardless of where they have been in the process.

In order to customize templates, a Master Administrator can go to the Diligence menu item on the left hand menu of the dashboard, and select ‘templates’. From there, one can either select an existing template from the dropdown under “Select template” or create a new one by clicking on the green “Create” button. All sub-questions in any template may be edited or deleted at any time.

One does not have to use system templates if they are not helpful, applicable, or practical for user purposes. Simply upload whatever documents you’d like to ‘hold’ on the system and use the messaging tab to communicate with those at the virtual diligence table.

Anyone who is invited into the diligence deal room for prospective co-investment alongside your own would be able to see the substance and structure of the templates you have constructed and applied to the diligence Q&A process on the Q&A tab. If you have not applied one of your templates, then others at the deal table will not be able to see it.

It is also worth noting that other team members that you have specified as part of your organization’s team will also be able to see the diligence templates that you have customized, if any.

The platform is designed to be as flexible as possible in terms of process. As soon as an investor initiates diligence by clicking on the “Start diligence” button, it is possible from that point onwards at any moment to signal an investment commitment of any kind by clicking on the “Make investment” button at the top right of the Diligence tab. Investments can take the following forms: equity, debt, flexible, grant, equity/debt, equity/grant, convertible or blended - and the investor will be prompted to enter an indicative amount. It’s important to note that this is for signalling purposes only, and is a non-binding commitment.

Any figure entered here will be signaled as committed on the deal profile, and those inside the diligence deal room with the investor will see that he/she has signaled such a commitment; at the same time, a notification will be sent to the prospective recipient organization being reviewed. All binding legal commitments and money transfers happen offline and on the back of completion of proper documentation, for which the platform takes no responsibility. Investors contacts connected to you will not see that you have made this commitment.

Once Diligence has been initiated by an investor, one can click on the Diligence tab under Opportunity and immediately expand the virtual ‘deal table’ by clicking on “Invite organization”. One can search for different types of organization or by name, and will be required to consent to specific ‘terms of service’ related to sharing knowledge about an opportunity.