Free grade · licence-free · no authorisation required
Three depths, and only one thing decides which you’re at.
Not how convincing you are, not how long you have been going, and not what you pay us. Whose evidence your grade can stand on: the public register, the documents you already hold, or your live systems. The first is computed from public record and asks nothing of you. The second is the data room you already built. Only the third costs money — and this page explains exactly why.
We are opening with a founding cohort first. Give us an organisation number — or tell us you have a room to share — and we come back with your grade and the trail underneath it. No sales call, no fee, nothing to prepare.
Where this starts
The expensive part is not the diligence. It is that none of it carries.
An investor should check. The problem is that every investor checks from scratch, because nothing you produced for the last one is readable to the next one. So the cost lands on you, repeatedly — and it lands hardest at the end, when a process stops and leaves you no artefact that makes the following one shorter.
Being legible is not a funding trick. It is the difference between paying the diligence bill once per investor and paying it once.
What a grade actually is
A grade describes your evidence, not your company — which is why it is not ours to move.
There is no score out of a hundred here, no stars and no league table. A grade is two things. A depth — one, two or three segments, saying how much of your evidence a stranger can read without phoning you. And a trail — every claim tagged with the class of evidence behind it and a source it resolves back to: register-verified, document-read, self-reported, or connected and live.
A depth is a statement about your evidence, not a verdict on your company. A strong company with nothing connected reads Light. That is not an insult — it is an accurate description of what a stranger can currently see, and it is the whole reason moving up is worth doing.
Inside the market we hold no equity in you and take no fee that depends on whether you raise — and where a Kollied service takes a disclosed stake (a studio holding, an accelerator warrant), it is walled from the grade. We have no discretion at any of the three doors: the depth is computed from the class of evidence connected, and the platform refuses to publish a card whose depth is not backed by the evidence behind it. We could not flatter you if we wanted to — which is precisely what makes the card worth reading.
success_fee: 0 — enforced in the database, not in a policy document.
If an investor sent you here, that is the design working: the referee is not on either side, so they can quote your grade without vouching for us.
The three depths
Your depth is decided by whose evidence it stands on.
Three rungs, three owners of the evidence: the state, you, and your systems. All three are read the same way — every item resolves back to the source it came from, and nothing is taken on your word. A depth describes what a stranger can currently see, never a verdict on the company.
What a stranger can already read about you without asking: the public register, and whatever you have said about yourself. It is the honest floor, and it says so on its face.
The documents you already hold, read once and tagged to source. This is the rung for a company that is already raising — the room exists, it just isn't legible to anyone who hasn't been sent it.
Connected and live. Registers, accounts, product and pipeline stay connected, so the read does not go stale between rounds and the depth you reached is still there next time.
Where you are right now — answer the first that is true
- You have never shared a data room with anyone.You are at Light, and you have been the whole time. The open question is whether you have seen it.
- You have a data room from a live or recent process.You are one decision from Standard — if it carries all five parts above.
- Your registers, accounts, product and pipeline are connected and staying connected.That is Deep, and it is what a Growth OS subscription carries.
There is no fourth answer, and no way to sit between two rungs.
How you move
The grade moves in steps, because evidence changes in kind — not in quantity.
Adding a fourth register document to three register documents does not move your grade, and we would rather say so than let you find out. The grade is not a total. It is a statement about what class of thing your company can be read on, and it changes only when that class changes.
So the useful question is never “how do I add points”. It is “which class am I missing” — and the answer is on your own card, in the class that shows zero.
Depth is wired into how the market is built to treat a card, so we publish the parameters rather than describe a feeling.
And an upgrade is an event, not a re-listing: connect a different class of evidence and the diagnosis re-runs on it, in place. You do not re-apply.
These are design parameters of the market, not results. No company has been graded here yet. The introduction lane is professional-only and counsel-gated, and the licensed market requires an authorisation we do not hold — so what a credit allocation buys you today is a specification you can hold us to, not a queue of readers.
If you already have a data room
Your room never leaves. The grade does.
You did not build the room for us. You built it for one investor, under one NDA, for one process — and when the process ends, the room ends with it. Nothing you assembled survives as a fact about your company. You rebuild it for the next one, from scratch, at the worst possible moment.
Shared once here, it is read once and converts into something portable: a depth with a trail that resolves to source, readable without you sending anything. The room itself stays on your side of the wall.
Standard is a complete room, not any room. Five parts:
- the deck
- twelve months of metrics
- the cap table
- the financials
- a legal pack — itself holding incorporation, the legal cap table, and the status of your key contracts and IP
If something is missing, nothing is published. You get the missing items back by name, and the card waits until the room is whole. We would rather hand you that list than put a card in front of anyone that your evidence does not support — including yours. It is the same list the next investor’s diligence would produce, three weeks earlier and for nothing.
One thing it does cost, and we would rather you heard it here: material risks found in the room go on the public face. Gaps stay yours; risks do not. That asymmetry is exactly why an investor bothers reading the card at all — a card that hid the risks would be worth nothing to either of you.
No money and no new work. Every file already exists. What it costs is a decision.
The rung that costs money
Light and Standard read what you filed. Deep reads what you are doing.
A document is true on the day it is made and drifts every day after. Your cap table was current in March. Your metrics pack closed a quarter ago. Both grade honestly, and both age — which is why the first two depths are snapshots and the third is not.
Deep is the depth where the evidence is connected rather than exported: registers, accounts, product and pipeline held open with consent, so what backs the grade is as current as the business instead of as current as the last upload. You cannot attach that to an email. Live evidence only exists while a system is producing it.
That system is Growth OS, and the subscription is what holds the connection open. You are buying the connection, not the depth — the depth follows from the class of evidence, exactly as it does on the two free rungs. Nobody here gains discretion over your card the day you start paying.
If this round is your last, Standard is enough and we would rather you kept your money. Deep is for the company that will be back — a bridge, a Series A, a grant, a strategic conversation — because it is the only depth still standing on the day someone opens it.
A growth subscription, not a listing fee. Your place in The Funding Market is bundled rather than charged separately — and that market is not authorised yet, so what the subscription carries today is the grading, not a live venue. Founding terms — by enquiry.
Grading and intelligence are the licence-free lane, and that is what this page is. Introductions are professional-only and counsel-gated. The licensed market — folkefinansieringsloven / ECSPR, in force in Norway from 1 August 2026 — requires an authorisation we do not hold, and until we hold it we operate only in the licence-free lane.