PROFILE & THESIS
DISCOVER & MATCH
03DILIGENCE & INVEST
04PIPELINE & PORTFOLIO
INVESTORS — DILIGENCE & INVEST

Move from the story to
the evidence.

Mondial connects controlled company access, structured diligence and investment terms so Investors can test assumptions before making a capital decision.

THE INVESTMENT STORY

Nova Space SAS

B2B Marketplace • Seed
Raise Amount: €700K
Traction: Early Users
Current Phase: Marketplace Pilot
Illustrative Context
EVIDENCE STREAMS
BUSINESSBusiness Plan, Market Logic, Business Model
FINANCIALRevenue Context, Forecast, Cash Requirements, Assumptions
OWNERSHIPCap Table, Founder Equity, Existing Investors
LEGALCompany Documents, Material Contracts, Context
EXECUTIONTraction, Product Evidence, Milestones
MUTUAL INTEREST ➔ CONTROLLED ACCESS

“DILIGENCE IS NOT ABOUT CONFIRMING THE ORIGINAL STORY.
IT IS ABOUT TESTING IT.”

INTERESTACCESSEVIDENCEQUESTIONSTERMSDECISION
CONTROLLED ACCESS

Going deeper should
not mean opening everything at once.

Mondial can move sensitive company information through progressive access so Founders know who is reviewing what and under which confidentiality conditions.

Lvl 01

Discovery

Company Story, Sector, Stage, Funding Need, High-Level Traction, Founder Context

Progressive Context
Lvl 02

Mutual Interest

Deeper Business Context, Founder Conversation, Clarifying Questions

Progressive Context
Lvl 03

Access Request

Investor asks to review sensitive company information.

Progressive Context
GATE

FOUNDER APPROVAL

Central decision gate: Founder verifies access context before approval.

Explicit Gate Enforced
Lvl 04

Confidentiality Gate

NDA where required by the Mondial process or agreed by the parties.

Progressive Context
Lvl 05

Controlled Data Room Access

Full review environment with granular permissions.

Progressive Context
ACCESS PROFILE
WHO:Investor / Advisor / Team Member
CAN ACCESS:Specific Information (Document-Level Permissions)
FOR:A Defined Review Purpose
ACCESS PROTOCOL
Investor Interest+Founder Permission+Appropriate Confidentiality=Deeper Access
NDA ≠ Investment CommitmentData Room Access ≠ Investment Approval

ACCESS SHOULD EXPAND WITH THE RELATIONSHIP.
NOT WITH CURIOSITY ALONE.

STRUCTURED EVIDENCE ARCHITECTURE

Six structured chapters of
company evidence.

Mondial organizes company records into clean, standardized chapters so Investors can evaluate every dimension with confidence.

ILLUSTRATIVE COMPANY:NOVA SPACE SAS— DATA ROOM STORY
STRUCTURED REPOSITORY
CHAPTER 01

COMPANY

Registration Context
Corporate Identity
Governance Context
Verified Data Chapter
CHAPTER 02

BUSINESS

Pitch Deck
Business Plan
Business Model
Market Context
Verified Data Chapter
CHAPTER 03

FINANCIAL

Historical Figures
Forecast
Cash Context
Funding Need
Assumptions
Verified Data Chapter
CHAPTER 04

OWNERSHIP

Cap Table
Founder Equity
Existing Investors
Securities Context
Verified Data Chapter
CHAPTER 05

EXECUTION

Product
Traction
Milestones
Operating Evidence
Verified Data Chapter
CHAPTER 06

LEGAL & COMMERCIAL

Material Contracts
Relevant Legal Docs
Key Agreements
Verified Data Chapter
WHO IS THE COMPANY?WHAT DOES IT DO?WHAT EVIDENCE EXISTS?WHO OWNS IT?WHAT OBLIGATIONS EXIST?WHAT CAPITAL IS NEEDED?

A GOOD DATA ROOM REDUCES THE DISTANCE BETWEEN DOCUMENTS AND UNDERSTANDING.

Access to individual documents can depend on permissions and the diligence stage.

READ BEYOND THE TOP LINE

The number matters.
So does how it was produced.

Financial diligence should connect historical evidence, forecasts, assumptions, cash requirements and the proposed use of capital.

FINANCIAL REASONING ARCHITECTURE
REVENUE, COSTS, CASHHistorical Context

Evidence of past performance and existing commitments.

WHAT IS TRUE TODAY?Current Position

The starting line for future projections.

WHAT DOES THE COMPANY EXPECT?Forecast

The projected financial trajectory.

WHAT MUST HAPPEN?Assumptions

The required conditions for the forecast to materialize.

HOW MUCH CAPITAL IS REQUIRED?Funding Need

The calculated gap between cash and forecast.

WHAT DOES THE CAPITAL ENABLE?Use of Funds

Strategic allocation of requested capital.

WHAT SHOULD CHANGE BEFORE MORE CAPITAL?Runway / Milestones

Expected outcomes validating the thesis.

ILLUSTRATIVE FIGURES

Nova Space SAS

€700K SEED
Current Position: MVP Pilot
Funding Ask: €700K
ILLUSTRATIVE USE BREAKDOWN:
Product (40%)€280K
Growth (30%)€210K
Operations (20%)€140K
Contingency (10%)€70K
FORECAST SAYS: “Revenue increases.”

INVESTOR ASKS: From which customers? At what conversion? At what acquisition cost? Using what capacity?

FORECAST IS NOT EVIDENCE OF THE FUTURE.
IT IS: A MODEL BUILT FROM ASSUMPTIONS.

NUMBERASSUMPTIONEVIDENCEQUESTIONUNDERSTANDING
OWNERSHIP BEFORE INVESTMENT

Before changing ownership,
understand the ownership that already exists.

The cap table provides context around founders, existing investors, employee equity and other ownership interests before a new investment is modeled.

CURRENT OWNERSHIP

NOVA SPACE SAS

ILLUSTRATIVE ONLY
Founder A60%
Founder B20%
Existing Investor12%
Option Pool8%
Total: 100%
TRANSITION LOGIC (HYPOTHETICAL SCENARIO)
CURRENT OWNERSHIPPROPOSED NEW INVESTMENTPOTENTIAL DILUTIONFUTURE OWNERSHIP SCENARIO
INVESTOR CAP TABLE DILIGENCE QUESTIONS
Who owns the company today?
What securities already exist?
Are options or grants outstanding?
Are SAFEs or convertible instruments outstanding?
What rights already exist?
How could the proposed round change ownership?

THE CAP TABLE IS NOT JUST A LIST OF PERCENTAGES.
IT IS THE HISTORY OF OWNERSHIP THE NEW DEAL WILL ENTER.

Note: Cap-table information reflects company-provided records and applicable documentation; it is not, by itself, a legal certification.

TEST THE CLAIM AGAINST THE RECORD

A company can say what it has built.
Diligence asks: what supports that claim?

Mondial can bring company documents, commercial evidence and execution signals into the same review context so Investors can connect claims with supporting material.

STREAM 01

COMPANY & LEGAL

Company Registration
Relevant Governance Documents
Material Legal Agreements
IP Context
Regulatory Context (where relevant)
Corporate Foundation
STREAM 02

COMMERCIAL

Material Customer Contracts
Partnership Agreements
Revenue Evidence
Commercial Commitments
Market Validation
STREAM 03

EXECUTION

Product Evidence
Pilot Results
Traction
Operating Milestones
Team Execution Context
Operating Signals
COMPANY CLAIM SPECIMEN

“We have strong early demand.”

SUPPORTING EVIDENCE FILTERED
Customer InterviewsSigned PilotsActive UsersRevenueContractsPipeline Context
LOGIC PATH A:

CLAIM + SUPPORTING EVIDENCE ➔ INVESTOR UNDERSTANDING

LOGIC PATH B:

MISSING EVIDENCE ➔ FOLLOW-UP QUESTION

DILIGENCE SHOULD CONNECT WHAT THE COMPANY SAYS WITH WHAT THE RECORD SUPPORTS.

Required evidence depends on stage, business model, jurisdiction and deal context.

GOOD DILIGENCE CREATES BETTER QUESTIONS

Documents do not make the decision.
Understanding does.

Investors review evidence, identify gaps, ask follow-up questions and update their view of the company as new information appears.

1 CLAIM2 QUESTION3 EVIDENCE4 INTERPRETATION5 FOLLOW-UP6 UPDATED UNDERSTANDING
01 CUSTOMER ACQUISITION
Claim: Scale acquisition
Question: Historical cost
Evidence: Campaign/Cohort data
UPDATED VIEW:Commercial scalability needs validation
02 MVP READINESS
Claim: MVP ready
Question: Remaining steps
Evidence: Backend dependency remains
UPDATED VIEW:Execution risk exists
03 RUNWAY
Claim: 700K = 18 months
Question: Assumptions
Evidence: Hiring/Op-costs
UPDATED VIEW:Runway depends on hiring pace
04 OWNERSHIP
Claim: Clean ownership
Question: Convertibles
Evidence: Cap Table/SAFE
UPDATED VIEW:Dilution needs modeling

DILIGENCE IS NOT A SEARCH FOR A PERFECT COMPANY.
IT IS A PROCESS FOR UNDERSTANDING THE REAL ONE.

THE CAPITAL CAN ENTER IN DIFFERENT WAYS

The company can fit.
The investment structure still needs to fit too.

Mondial can support different investment structures while keeping the economic and legal implications visible for later professional review.

01 / STRUCTURE

EQUITY

Investor receives ownership through an equity financing.

Key Diligence Question:What ownership is being acquired?
02 / STRUCTURE

SAFE

Investment now, with rights to future equity under the applicable agreement.

Key Diligence Question:What conversion terms apply?
03 / STRUCTURE

CONVERTIBLE NOTE

Debt instrument that may convert into equity under defined terms.

Key Diligence Question:What interest, maturity and conversion terms apply?
04 / STRUCTURE

DEBT

Capital structured with repayment obligations.

Key Diligence Question:What repayment obligations apply?
05 / STRUCTURE

REVENUE SHARE

Repayment or return linked to defined revenue terms.

Key Diligence Question:What revenue definition and repayment mechanics apply?
06 / STRUCTURE

CUSTOM DEAL

A transaction requiring a specifically structured agreement.

Key Diligence Question:What custom governance, liquidation or operational terms apply?
DEAL STRUCTURE RELATIONSHIP
COMPANY NEED+INVESTOR PREFERENCE+LEGAL / FINANCIAL CONTEXTPOTENTIAL DEAL STRUCTURE

MATCHING THE COMPANY IS ONLY HALF THE DECISION.
THE STRUCTURE DEFINES HOW CAPITAL AND RIGHTS INTERACT.

Deal structures can have material legal, tax and financial consequences. Appropriate professional advice may be required before execution.

WHERE INTEREST BECOMES TERMS

The amount is one term.
Not the whole deal.

Once diligence supports continued interest, the parties can move toward proposed investment terms, negotiation and final transaction documentation.

PROPOSED INVESTMENT

Illustrative Term Specimen

ILLUSTRATIVE ONLY
INVESTMENT€500,000
VALUATION CONTEXTPre-Money / Post-Money parameters
OWNERSHIPResulting stake context based on final valuation
ECONOMIC RIGHTSRelevant rights depending on investment structure (e.g., liquidation preference)
CONTROL / GOVERNANCERelevant voting, board representation, or consent context
CONDITIONSRequirements before closing (e.g., regulatory approvals, final DD)
Terms subject to definitive agreement
TRANSACTION FLOW
01DILIGENCE
02PROPOSED TERMS
03TERM SHEET
04FOUNDER ↔ INVESTOR NEGOTIATION
05AGREED COMMERCIAL TERMS
06LEGAL DOCUMENTATION
07SIGNING
08REQUIRED CONDITIONS
09CAPITAL TRANSFER
010INVESTMENT EXECUTION
A

TERM SHEET ≠ COMPLETED INVESTMENT

A term sheet sets baseline commercial intent, not binding closing.

Institutional Discipline
B

SIGNATURE MAY NOT EQUAL CLOSING

Execution of primary contracts precedes satisfaction of closing conditions.

Institutional Discipline
C

CLOSING DEPENDS ON MECHANICS

Closing depends on the applicable final documentation, conditions and transaction mechanics.

Institutional Discipline

A TERM SHEET MAKES THE CONVERSATION MORE CONCRETE.
IT DOES NOT, BY ITSELF, MEAN THE DEAL IS CLOSED.

Disclaimer: Legal effect varies by document, terms and jurisdiction. Parties should obtain appropriate professional advice.

DILIGENCE & INVEST

From initial evidence to an
informed investment decision.

ACCESS

Enter controlled company information securely.

Process Phase

REVIEW

Understand the business and evaluate the evidence presented.

Process Phase

QUESTION

Challenge assumptions and identify critical gaps.

Process Phase

STRUCTURE

Determine whether the investment structure fits your thesis.

Process Phase

PROPOSE

Move toward definitive investment terms.

Process Phase

EXECUTE & NEGOTIATE

Align the parties and complete the applicable transaction process efficiently.

Process Phase
Begin ProcessDILIGENCE & INVEST EQUATION
CONTROLLED ACCESS+STRUCTURED EVIDENCE+CRITICAL QUESTIONS+CLEAR TERMSBETTER-INFORMED INVESTMENT PROCESS
ABOUT DILIGENCE & INVESTING

What Investors should understand before a deal closes.

standard due diligence typically encompasses financial, legal, operational, and commercial reviews. it aims to evaluate the overall health, viability, and risk profile of the company.

INVESTOR JOURNEY

4-Stage Investment Framework

01Investor Profile & Thesis
COMPLETE
02Discover & Match
COMPLETE
03Diligence & Invest
CURRENT
04Pipeline & Portfolio
NEXT

Step 03 active. Transitioning to portfolio management.

NEXT STAGE ➔ PIPELINE & PORTFOLIO

The decision does not disappear
when the deal moves forward.

Keep every active opportunity connected to its decision history, ensuring seamless transition from negotiation to ongoing portfolio management.

NEW MATCHREVIEWNDADATA ROOMTERM SHEETNEGOTIATIONDECISION
NOT INVESTED➔ Closed / Lost
INVESTED➔ Portfolio ➔ Ownership ➔ Updates ➔ Relationship
INVESTOR PAGE 03 — DILIGENCE & INVESTNEXT PIPELINE & PORTFOLIO