A venture firm looks at thousands of companies to fund a few dozen, and it writes about most of them. Associates log every pitch in the CRM, write a screening note on the promising ones, and draft a memo for partner meeting; partners argue in the margins; the firm then spends years helping founders hire, price and raise. The pipeline history alone is a long record of judgment calls with outcomes the market eventually reveals.
Buyers describe that kind of record. Troveo's guide for funds lists investment memos, research notes, due diligence files and portfolio reviews. micro1 names financial services and lists playbooks and knowledge bases. Financial and investment analysts are a GDPval occupation.
A venture firm has a second reason to read this page: its portfolio. Startups that wind down are the best-documented sellers of company data today. SimpleClosure has done 150+ deals for wound-down startups and pitches its service to investors, and Turing's Project Lazarus licenses from winding-down companies too. Start with the firm's method, the part least tied to any one company (screening frameworks, memo templates, portfolio-support playbooks) and raise every founder, target and LP record with the licensing company.
Worth
What a firm's data may be worth
Pre-set for a typical firm: 20 staff and 10 years of records. No buyer publishes pricing by industry, so industry does not move the band. Our estimate, not a buyer quote.
Buyers
Which buyers want this data
Each reason is the buyer's own published statement about the tools, data or industries it takes, matched to how venture capital and growth equity firms work.
Featured partners
micro1
Names financial services and lists playbooks, knowledge bases and CRM metadata, which covers a firm's pipeline and portfolio-support library.10,11
- $100K to $2M+, micro1 says6
Watch out for: Says it removes personal details only "when relevant", so ask exactly how.12
Everyone else we reviewed
By score, with full reviews. We have no referral agreement with these companies, so we do not link out to them.
SimpleClosure
Pitches its wind-down service to investors and has done 150+ data deals for startups that closed, the route for a portfolio company that is shutting down.1,2
- Usually $10K to $100K for a closed startup2
Watch out for: Built for startups that are shutting down, so deals are smaller.2
Troveo
Its guide is written for funds and lists investment memos, research notes, due diligence files and portfolio reviews.13,14
- Six figures and up for a whole company, Troveo says15
- A share of the revenue; the percentage is not published16
Watch out for: You are paid from a revenue share, so ask what percentage you keep.16
Buyer demand
How buyers' own tools rate venture capital and growth equity firms
No buyer publishes a price list by industry. These are settings inside buyers' and brokers' own estimators and intake forms, read from their public pages on 2026-10-14. They show how each company sorts industries, not what any firm was paid. The category shown is the one a firm would most likely pick; that match is ours.
| Company | Its category | How it rates the industry |
|---|---|---|
| Troveo | Financial services, banking or fintech | Tier 1 of 4: "Buyers pay a premium for data from your industry." Price factor 1.3 in its estimator.17 |
| Polyshares | Investment management | Marked premium in its intake list18 |
| VMS | Finance | Higher weight in its estimator (factor 1.30)19 |
| Ventra | Legal, healthcare, financial services or accounting | Says it cannot take these industries right now20 |
Size rules buyers publish
Checked against 20 staff, the typical firm size this page's calculator is set to. Ask each buyer whether contractors and part-time staff count.
Polyshares
No headcount rule; the length and texture of the record matter more21
Mercor
None stated22
Troveo
No minimum stated; its estimator starts at 2023
Nyne
20+ US W-2 employees and 3+ years24
Handshake AI
20+ full-time employees and 3+ years25
micro1
Pewter
20+ staff and 3+ years28
Endless
Roughly 30+ employees29
Ventra
30+ US employees and 3+ years of records30
Supersoniq
50+ employees and 5+ years31
What buyers value
What in a firm's records buyers value
The column on the right is not legal advice: it lists what to raise with the buyer before anything is exported.
| Data | Where it lives | Why a buyer values it | Raise with the buyer |
|---|---|---|---|
| Pipeline history with pass reasons | Affinity, DealCloud or Salesforce | Every company the firm met, how far it got and why the firm passed, over many years. | Founder names and company details on each record. |
| Screening frameworks and memo templates | Notion, Google Docs | The questions the firm asks of every company, written once and used thousands of times. | Nothing specific |
| Partner meeting notes and investment memos | Docs, email | The argument for and against each investment, with the outcome known later. | Company financials and data-room material quoted in each memo. |
| Portfolio-support playbooks | Notion, shared drive | Hiring, pricing, board and fundraising guides the platform team wrote for founders. | Nothing specific |
| Internal Slack and partnership email | Slack, Gmail | How the partnership debates, divides work and decides quickly. | Threads that discuss a named company or LP. |
| LP reporting templates | Fund admin portal, slide decks | How the firm explains performance and portfolio changes to its investors. | LP names and commitments. |
A week of records
A week of data at a firm
- Monday: 70 inbound decks logged in the CRM; associates write screening notes on nine.
- Tuesday: partner meeting debates two memos; one moves to diligence, one is passed with a written reason.
- Wednesday: the platform team updates its first-sales-hire guide after three founders asked the same question.
- Thursday: a portfolio company tells the board it will wind down; the partner forwards SimpleClosure's investor page.
- Friday: quarterly LP letter drafted from the standard template.
Process
How it works with each buyer
In each buyer's own published words. Where a buyer publishes nothing, we say so rather than guess.
micro1
- Internal docs, SOPs and playbooks, knowledge bases, project management workflows, internal comms, templates, CRM and workflow metadata, task histories11
- 30 to 200 employees27
- $100K-$2M+ per data package; over $1M for unique data6
- PII removed "when relevant"12
- The company keeps ownership of its data and reviews samples before release32
- Not published
SimpleClosure
Selling or closing
Selling or closing your firm? License its data first
Venture firms rarely sell themselves, but funds end, partnerships split and portfolio companies close all the time. For a closing portfolio company, wind-down services already run data sales: SimpleClosure has done 150+ deals, typically $10K-$100K each, and Mercor approached Warmly about its archives after HubSpot acquired it. For the firm itself, ask each licensing company whether its screening and portfolio-support method can be licensed when a fund winds down, separately from company and LP records.2,3
FAQ
Venture capital and growth equity: questions, answered
Screening frameworks, memo templates, portfolio-support playbooks and the pipeline's structure. micro1 lists playbooks, templates and CRM metadata. Founder details and memos about named companies are the part to raise with the buyer.11
Client identities and account details, vendor-licensed market data, deal materials received under a confidentiality agreement, non-public information about public companies, regulator-confidential material and credentials. Use it as the outline for your own exclusions, and confirm it with whoever you speak to.40
We do not answer legal questions. Ask the licensing company: their team reviews this with you before anything is signed.
We do not answer legal questions. Ask the licensing company: their team reviews this with you before anything is signed.
We do not answer legal questions. Ask the licensing company: their team reviews this with you before anything is signed.
Before you sign
Legal questions go to the licensing company
We do not answer legal questions. Ask the licensing company before you sign: their team reviews these with you.
Questions for this kind of business
- How are founder, company and LP details removed from memos and pipeline records?
- Do side letters or portfolio company agreements limit use of information we received?
- For a closing portfolio company, who has authority to approve a data sale and who is paid?
- Who owns this data: the company, an estate, or someone else?
- Do customer, vendor or platform contracts, NDAs or API terms restrict this?
- What are the trustee's, assignee's, receiver's or board's duties, and who receives the proceeds?
Questions for any buyer
- Is the license exclusive, and for how long?
- Can you sublicense the data, and to whom?
- Which AI labs will receive it, and will you tell us?
- How long do you keep it, and how is it deleted?
- What is your liability cap, and who indemnifies whom?
- Will the contract ban re-identification of people in the data?
- Who removes personal data, by what method, and do we approve it first?
Proof