The moat test top-tier buyers already run on billion-euro deals, built for lower-mid-market private equity. Fixed fee. Ten days. At your deal size.
If a target's product can be rebuilt in a week, the code was never the moat. We find out before you wire the money.
The most sophisticated software buyers already stress-test moats by recreating the product — it has quietly become standard practice. The open question isn't whether it works. It's how funds without an MBB budget get it onto their deals.
We rebuild a working slice of the target from the outside — black-box, no source code — then deliver a scored, partner-ready report on where the defensibility actually lives.
A functional replica in days, not weeks. Fits inside a live deal timeline without slowing your process.
Productised pricing from €12k. No open-ended hourly meter, no scope creep, no surprises at IC.
Black-box rebuild under your NDA, EU/GDPR-compliant, EU data residency. Standard diligence footing.
You contract one accountable EU entity. The production engine scales behind it — invisibly.
Define the core workflow, sign NDA, lock fee & timeline.
Demos, docs, data-room materials. No source code.
Our vetted EU engineering panel vibecodes the workflow.
We score findings against our rubric. Nothing reaches you raw.
Partner-ready report + live readout, optional side-by-side demo.
We don't claim a target is worthless because we rebuilt a screen. A weekend clone can't recreate five years of customer behaviour, procurement history or operational trust. The replica isolates which parts of the thesis were doing real work.
Pick the depth your deal needs. Every tier ships a decision-grade deliverable, not a code audit.
Incumbent tech-DD on mid-market deals runs $150k–750k. Our top tier starts where their floor is.
Correct, and we never claim otherwise. The replica is a diagnostic that isolates which parts of the thesis are real. We map where defensibility actually lives; we don't issue a verdict on the company's worth.
We rebuild black-box only — from observed and documented behaviour, never the target's source code — under your NDA and your diligence process. It's standard diligence footing, EU/GDPR-compliant, with documented data deletion after close.
An advisor reviews architecture. They don't test replicability by actually building the product, and they're rarely fixed-fee or ten-day. We answer one sharp question incumbents price out of reach for deals your size.
A vetted Central-European engineering panel under back-to-back NDA, managed entirely by our EU front office. You contract one accountable entity; you only ever see a QA'd, partner-ready report.
We're taking on a small number of charter clients at pilot pricing — a full Moat Stress-Test on a live deal, in exchange for feedback and an anonymised reference.