Series A Due Diligence Checklist for Investors

Product

Working product with clear PMF signals (Sean Ellis >40%)

Strong retention (NDR >100%, logo churn <5%/month)

Engineering velocity data (GitDealFlow signal — sustained top-quartile commit velocity)

Product roadmap with defensible moat (proprietary tech, network effects)

Financial

$1-2M+ ARR with 15-20% MoM growth

Gross margin >70% for SaaS

LTV/CAC >3x, payback period <12 months

Runway >12 months post-round

Clean cap table (founders >40%, no toxic terms)

Market

$1B+ TAM with clear growth trajectory

Understanding of competitive landscape

GTM motion validated (sales cycle, CAC by channel)

Regulatory moat (if applicable)

Team

Full-time founding team with aligned incentives

Key hires identified for next 12 months

Reference checks (3-5, including one unsuggested)

Culture of shipping (GitDealFlow confirms via engineering velocity)

Legal

Clean IP ownership (no third-party code issues)

Proper corporate structure

Employee agreements with IP assignment

Cap table accuracy verified

Frequently Asked Questions

How long does Series A DD take?

4-8 weeks typically. Use this checklist to stay organized. GitDealFlow accelerates the technical DD portion.

See pricing & start tracking →

Related pages