Selection Policy
Startups within the Blast.Club are carefully selected through a two-step process: an initial selection phase leading to approval by the selection committee, followed by an audit and due diligence phase, culminating in final approval by the validation committee.
Operation Selection
We receive over 300 startup decks per month. To optimize the selection process, we make an initial screening based on the following pre-selection criteria:
A minimum fundraising of €500k,
An established company,
Founders fully committed to the project,
Proven commercial traction (revenue or significant ARR) or technical proof of concept for co-investments.
If these criteria are met, we conduct a thorough analysis of the project based on five key factors: the team, the project, the market, financials, and the proposed deal terms.
The Blast. leadership meets with each founder. We also conduct reputation checks, product testing, competitive and industry research, and involve sector-specific experts when needed to strengthen our evaluation.
The investment opportunity is then presented to the selection committee, which includes Blast's founders, the investment, operations, and legal teams.
If the project is selected, the investment team negotiates the terms with the company, and we sign a letter of intent to begin the validation phase.
Operation Validation
Before any project goes live, Blast’s legal team performs over 100 checks on all elements leading to the project’s selection. Due diligence is conducted with the startup, its accountant, bank, lawyer, team, and external entities such as government services (URSSAF, tax authorities).
If any errors or omissions are found in the audit report, the project will not proceed.
Blast prioritizes transparency and accuracy in all project information. Despite this rigorous process, and thanks to internally developed technical tools, Blast ensures that funds are transferred within 60 days of signing a letter of intent.