Trust Exchange. Founders earn it. Capital trusts it. Boards navigate by it.

The European standard for backability.

Helping founders and investors trust each other faster. We measure what founders and investors currently guess, and we show the path that works for both.

Trusted by
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Europe does not have an innovation problem. It has a backing problem.

A venture doesn’t die of a no. It dies because it runs out of gas.

The rules changed for ventures

15% to 92%

Time from seed to Series A in the UK. 2019, then today.

Source: Wing Venture Capital, V21, 2024

18 to 29 months

Share of companies raising a Series A that already had revenue. 2010, then 2023.

Source: Beauhurst, 2026

Unveiling Momentum Summit at Climate Week Zurich

Investors are losing capital

71%

of European venture funds fail to return capital. 2002 to 2020 vintages, outside the UK. 70% inside it. In the US, 57%.

6x

Capital goes in at 6 times the rate it comes back out. 2025: 19.7bn euro invested into 4,827 companies. 3.2bn euro realised at cost from 1,211.

6S5A0726

One failure, two victims.

Three ways in.

The founder acts. The investor decides. The board governs.

So, what are we doing about it?

One read of a venture against one method, applied the same way every time. Where it stands on its own evidence, what is missing, what closing each gap is worth, and the order to close them in. Then it recalculates when the evidence changes, because a company at this stage moves every week.

We take no fee from any transaction, no carry from any fund, and no payment that moves with a finding.

Founders

Stop guessing. See where you stand, what is missing, what each gap is worth, and the order to close them in, while it is still cheap to close.

Start here

Investors & angels

See the gap while it is still fixable. Help close it, or step away before it becomes a loss. Every venture read on the same basis, whoever looked and whenever.

Start here

Boards & directors

Milestones that carry forward, instead of being rebuilt for every new reader. A named position, a named route, and a record of what was known and when.

Start here

What we never do: advise, prepare, broker, invest. We introduce nobody.

In their words

Trusted by you.

Where we are going.

By 2030, a serious European raise carries a Trust Exchange assessment, and its absence is what raises the question.