While Technical Due Diligence is widespread in the United States, it is a relatively new aspect of a company valuation in Europe. Talking to private equity and venture capital investors, it became more and more obvious that there is high demand for Tech Due Diligence providers specialized on software companies. Current providers usually do not fulfill investor’s expectations in terms of depth and breadth of the assessment, and therefore common Tech Due Diligences do not contribute to long-term success. Convinced that BitFlow is able to deliver high-quality Tech Due Diligence, we engaged with private equity and venture capital investors in order to learn more about their specific needs.
After about 50 interviews, BitFlow developed a buy-side Tech Due Diligence framework for software companies specifically tailored to private equity and venture capital investors’ needs. BitFlow’s growing team has successfully applied their framework to de-risk tech investments ranging from small software projects to huge ERP providers and financial service software. Our framework is continuously improving to help investors make even better investment decisions. It also provides the basis for our sell-side Due Diligence services. Here, we support software companies on preparing for the investor’s Tech Due Diligence.
Florian was already involved in projects with Siemens, Bosch and Munich Airport while he was still in his studies. After he graduated with a master’s degree in Computer Science from TU Munich, he joined Foodora as Lead Developer. After gaining valuable hands-on experience in a fast-growing tech startup, he became an entrepreneur himself. His first involvement was with Planerio GmbH, a health tech startup whose management landed a million exit in 2021. Then he became CTO of Bernstein Technologies GmbH, a VC-funded startup working on protecting IP with the blockchain.
With all the experience gained, Florian founded BitFlow GmbH - the boutique IT consultancy that now provides Technical Due Diligence services for venture capital and private equity firms.
Ralf graduated with an M.Sc. in Computer Science at TU Munich and is doing a PhD focused on software verification. He was involved in projects at BWM, msg systems, SurgicEye and Munich Airport. During his work in academia, he gathered experience with a plethora of tools and programming languages, compiler design, teaching and giving lectures. He conducted research around software verification and developed state-of-the-art static analysis tools. His special interest is in functional programming, leveraging complex type systems and metaprogramming. In his free time he likes to keep up with the latest trends and technologies, to develop web applications, and to tinker with electronics and CAD for IoT/smart home projects.
Tina has done her apprenticeship as an industrial clerk at the international IT company Diebold Nixdorf, followed by dual business administration studies with work assignments in London, Frankfurt and Hamburg.
After she graduated she worked in sales administration for Diebold Nixdorf in Munich for several years and for the Bavarian state in a cost and performance accounting role.
Have been a CTO? Want to deep dive into software companies on a regular basis and keep up with state-of-the-art and upcoming technologies? Together with a highly ambitious team?
If you want to help bring Tech Due Diligence to the next level, please either apply directly to an open position or send your unsolicited application to firstname.lastname@example.org - we are looking forward to hearing from you!