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The workflow

Verification

Claims checked against official sources, with the source named.

Verification is the difference between a claim and a fact. Aventro does not take the deck’s word for anything it can check.

The process

Claims are read out of the intake and the documents: who is on the team, what has been raised, what IP exists, what the company is. Each one that can be checked is queried against the source that holds it: company registers, patent offices, regulatory filings and the open web. The full list is on the verification sources page, drawn from the same registry the checks run on.

Sources that fit the company

Some sources only run where they apply. For a health or life-sciences company: the FDA’s device records (510(k), De Novo and PMA decisions, recalls, and the adverse event reports filed against its devices) and EUDAMED, the EU’s device database (whether it is a registered manufacturer, and its devices), each read against the route the company states; ClinicalTrials.gov, ISRCTN and the EU’s CTIS for its trials; and the HCPCS code set for the billing codes it names. Not appearing there is normal for a software-only health product or a device exempt from review, and is not held against the company. The one exception is a clearance or CE mark the company states that its regulator does not show: that claim is scored as unconfirmed, and a question asks for the certificate, until it is shown or someone settles it. Adverse event reports are context only: a report does not show the device caused the event.

A name is not a match

Finding a company with the same name is a lead, not a confirmation. A check only counts as verified when something ties the record to this company, such as its registered number. A name match alone is reported as not found, with the lead named.

Mismatches become flags

When a source contradicts a claim, Aventro does not quietly correct it. The mismatch becomes a flag, and a claim that could not be checked is reported as unconfirmed rather than dropped or marked green. The open web is a signal to corroborate, never proof: what a web page says against the record is shown as context, not raised as a flag.

Guide: How to verify a startup’s claims before investing