Europe Multi stage - Selection Policy
Start-ups within the Blast Club are rigorously selected. The selection process takes place in two stages: an initial analysis phase leading to the approval of the operation by the selection committee, followed by an audit and due diligence phase leading to final approval by the validation committee.
Deal Selection
We receive more than 400 start-up applications per month. To optimize selection, we conduct an initial screening based on our pre-selection criteria
- A minimum fundraising amount of €2,000,000
- An established company
- Founders 100% committed to the project
- A proven commercial proof of concept (convincing revenue or ARR) or a technical proof of concept within the framework of a co-investment.
If these criteria are met, the application enters a four-week analysis phase focusing on five key dimensions: team, product, market, traction, and financial metrics.
During this period, the investment management team meets with the founders, conducts background and reputation checks, performs product testing, carries out competitive and market intelligence, and, if necessary, involves industry experts to strengthen conviction.
Following this analysis, the projects are presented to a pre-committee, where the investment team votes. Applications that achieve the required score are then submitted to the selection committee. The selection committee is composed of Blast’s founders, the investment management team, and the legal department. When a project is selected, the legal department negotiates the terms of the round with the company and signs a Letter of Intent (LOI), marking the beginning of the validation phase.
Deal Validation
Before each launch, Blast's investment team performs more than 100 checkpoints covering the legal and financial aspects of every factor that led to the selection of the operation. If any anomalies are found, the operation is not launched.Blast places crucial importance on the transparency and accuracy of the information provided for each operation.