Your partner for successful
tech investments.

BitFlow is a boutique consultancy that developed a unique framework for fast and insightful Technical Due Diligence of software companies.

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Buy-side Due Diligence

I would like to invest in a tech company and reduce technical risks.

Investors use our Technical Due Diligence service to get a comprehensive technical analysis of a software company. By pointing out both strengths and weaknesses of the target company, we help investors to de-risk their tech investments.

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"BitFlow is one of our main Technical Due Diligence providers. We have completed several projects together and have always been very happy with their precision, flexibility and agility as a trusted partner."

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Eike Eul
Investment Manager

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Eike Eul

Investment Manager

Main Capital Partner

Sell-side Due Diligence

I would like to prepare for an investment round or exit and ensure a smooth process.

We are aware what investors pay attention to on the tech side of a software company. That is why we can help software companies prepare for the investor's Tech Due Diligence and help to smoothen the M&A process.

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"Our partnership with BitFlow is based on trust and getting things done. We value their ability to meet deadlines even under pressure and their way of really deep-diving into the technology, in order to find technical risks, help to eliminate them and better prepare for a potential investment."

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Ludwig Preller
Managing Partner

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Eike Eul

Investment Manager

Main Capital Partner

I would like to invest in a tech company and reduce technical risks.

Investors use our Technical Due Diligence service to get a comprehensive technical analaysis of a software company. By pointing out both strengths and weaknesses of the target company, we help investors to de-risk their tech investments.

main capital partners logoquote

BitFlow is one of our main Technical Due Diligence providers. We have completed several projects together and have always been very happy with their precision, flexibility and agility as a trusted partner.

eike eul profile image
Eike Eul
Investment Manager

I would like to prepare for an investment round or exit and ensure a smooth process.

We are aware what investors pay attention to on the tech side of a software company. That is why we can help software companies prepare for the investor's Tech Due Diligence and help to smoothen the M&A process.

telescope logoquote

Our partnership with BitFlow is based on trust and getting things done. We value their ability to meet deadlines even under pressure and their way of really deep-diving into the technology, in order to find technical risks, help to eliminate them and better prepare for a potential investment.

Ludwig prefer profile image
Ludwig Preller
Managing Partner
reimann-investors
bayern-kapital
main-capital
EIT InnoEnergy
telescope
cadence-growth-capital
bayBG
3 books

Holistic Tech Due Diligence

To get a holistic view of a software company in the context of an investment or M&A transaction, it is important to pay attention to different aspects. These aspects strongly depend on the actual context such as the investment strategy, the industry or the software product itself. However, there are four major aspects we assess in our Tech Due Diligence: team & skills, processes, technology & tools, and architecture & code. In a comprehensive report with hands-on recommendations, we put the findings into the context you need.

3 books - project acme
Team & Skills

An assessment of the team and their skill set is crucial in every Tech Due Diligence. Besides basic aspects like the organizational structure and salary levels or the duration of employment, we also examine key person risks, map the employees’ current skill set with the skill set required by the product road map and more.

Processes

Structured processes can ensure fast and efficient software development and maintenance. Hence, we investigate processes of a software company from their project management setup over the actual software development to distributing software updates or handling of customer feedback. This includes topics like the testing setup and the proper use of CI/CD.

Technology & Tools

The right technological decisions are crucial because they are long-lasting and a change of technology usually comes with great effort. Tools on the other side help the employees to combine those technologies to actually build the software. To take a holistic view, we assess the tooling, the frameworks as well as the libraries used.

Architecture & Code

Code can be of poor quality and the software architecture can be designed badly. That is why we assess a company’s software code and architecture as an integral part of our Technical Due Diligence. We review the code quality by metrics like code duplications, comment quality, code structure and much more.

Your Due Diligence Managers

ralf vogler portrait pictureralf vogler portrait picture

Florian Weigand

Founder & Due Diligence Manager (Tech)

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Florian is characterised by pioneering projects that he realised during his studies with well-known companies such as Siemens, Bosch and Munich Airport. After successfully completing his Master's degree at the Technical University of Munich, he took on a key role in an up-and-coming tech start-up as Lead Developer at Foodora.

ralf vogler portrait pictureralf vogler portrait picture

Ralf Vogler

Due Diligence Manager (Tech)

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Ralf holds a Master's degree in Computer Science from the Technical University of Munich and a PhD in Software Verification. His impressive experience spans projects with well-known companies such as BMW, msg systems, SurgicEye and Munich Airport, which underlines his in-depth expertise and hands-on approach.

Discover more about our team and the story behind our new approach to conduct Technical Due Diligence.

More about us

Our core expertise

System Architecture

Examining scalable architectures, DevOps, as well as system and database design.

Static Code-Analysis

Code quality, test coverage and analysis of technical debts scalable to millions of lines of code.

Team Performance

Analyze commits to derive statistics and risk of key personnel.

Infrastructure Cost Analysis

Analyze the cost structure of using IaaS providers and develop an exit strategy.

License Verification

Checking licenses of all external dependencies, e.g. to detect copy-left licenses.

Safety & Reliability

Performing penetration testing (black- & white-box), as well as analyzing backup strategies.

Examples for our expertise in special areas

Artificial Intelligence

Machine & deep learning, computer vision, and new developments such as LLMs and ChatGPT.

Low Code & Process automation

Process modeling, automation with low/no code solutions, connection to ERP systems and document management.

Further Areas

Mobile apps, Internet of Things, blockchain, state-of-the-art frameworks/libraries, developer tools, and much more.

Read our Tech Due Diligence Sample Report

2 books

Get a deeper understanding of the insights that our Technical Due Diligence actually delivers by reading our sample report. It is based on a fictional software company that is developing an ERP system. See how our Tech Due Diligence can help you find the best software investment opportunities.

Request sample report