CUSTOMER STORY

Intelligo Helps Techstars Mitigate Their Risk Exposure with Its Background Intelligence Platform

The startup accelerator relies on Clarity’s comprehensive coverage and analysis to give them the information they need to mitigate their risk exposure and make bottom-line decisions.

ABOUT

The Techstars worldwide network helps entrepreneurs succeed. Founded in 2006, Techstars began with three simple ideas—entrepreneurs create a better future for everyone, collaboration drives innovation, and great ideas can come from anywhere. Now we are on a mission to enable every person on the planet to contribute to, and benefit from, the success of entrepreneurs. In addition to operating accelerator programs and venture capital funds, we do this by connecting startups, investors, corporations, and cities to help build thriving startup communities. Techstars has invested in more than 3,000 companies that today have a combined market cap valuation of $79 Billion.
www.techstars.com

The Challenge

Techstars, one of the largest global early-stage investors, is widely recognized for supporting entrepreneurs by providing venture capital funds, running accelerator programs, and connecting startups with investors. Due to the scope of their business endeavors, Techstars manages a considerably high volume of due diligence reports to ensure that their investments are allocated to credible founders.

Given the magnitude of their background intelligence needs, Techstars’ legal and compliance teams are particularly attentive to the thoroughness of the data they receive. Disappointed with the setbacks they experienced from providers, including delayed results and incomplete information, they were looking to make a change to improve their process.

Techstars required a solution that could not only handle the capacity of their requests but would unfailingly provide dependable results that identify potential risks. Furthermore, with teams located across the U.S., they were searching for background check software with a user-friendly system to enhance their collaboration.

“The Clarity Platform has unique features that enable us to enhance cross-team collaboration and streamline our due diligence processes and workflows.”

Cameron Willcott
Compliance Counsel, Techstars

The Solution

Techstars was introduced to Intelligo, intrigued by the idea of leveraging AI to perform background checks. After seeing how Intelligo’s proprietary technology could reach higher levels of precision, decrease inaccuracies, and deliver results faster than any other provider, Techstars knew they had found the perfect fit for their due diligence.

Clarity, Intelligo’s background intelligence platform, provides Techstars with a comprehensive analysis of individuals’ and companies’ backgrounds. Not only is the information factual and transparent, but adverse information is put into context by highlighting the data with red or yellow flags. Clarity’s capacity to process a large volume of reports ensures that every report equally consists of high-quality, verified results, allowing Techstars to draw accurate conclusions for every one of their investment opportunities.

“Clarity’s in-depth coverage and reliable results add tremendous value to our decision-making process,” said Cameron Willcott, Compliance Counsel at Techstars. “We feel confident moving forward knowing that our due diligence efforts reduce our risk exposure.”

Techstars finds that the power of the platform extends far beyond the modern and intuitive display of reports. By consolidating all of their data in one central hub, team members can effectively manage tasks, track reports in progress, and stay on top of their large-scale activity.

“The Clarity Platform has unique features, such as project management tools and a dashboard that summarizes all of our deal activity, enabling us to enhance cross-team collaboration and streamline our due diligence processes and workflows,” Willcott explains.

Clarity’s API plugin is seamlessly integrated into Techstars’ operating system to keep all of their data in sync. This also enhances productivity among their remote teams who can easily access information without having to coordinate with members located in a different time zone.

Overall, Techstars agrees that Clarity is an ideal fit for venture capital firms seeking a comprehensive background screening solution to make better-informed decisions.

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