Research

Institutional-grade research on private markets.

Market maps, scorecards, and category notes on the companies and themes shaping private capital. Public research builds trust at the top of the funnel; deal-specific memos stay inside the platform once an opportunity is active.

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Tracked Companies
555
Current company universe
Public Categories
10
Mapped for LP fit
Research Layers
3
Map · framework · memo
Primary Use
Signal
Demand before formation
The Scorecard Framework

Six dimensions. Every deal. No exceptions.

The public framework explains how Alphaneo thinks. The private deal memo applies it to a specific opportunity, with evidence labels, open diligence items, and stage-appropriate investor actions.

01

Team & Execution

Weight · 20%

Founder-market fit, prior operating or exit history, depth of the leadership bench, and ability to recruit against category leaders. Scored on evidence, not pedigree.

02

Market & TAM

Weight · 15%

Addressable spend, structural growth drivers, and whether the wedge supports the target outcome. We discount storytelling TAMs built from top-down macro figures.

03

Product & Moat

Weight · 20%

Differentiation against incumbents and new entrants, switching costs, data or network effects, and whether the moat compounds with scale or erodes under competition.

04

Unit Economics

Weight · 20%

Gross margin structure, payback period, net revenue retention, and capital efficiency — the variables that determine whether growth is a value-creating or value-destroying activity.

05

Round & Valuation

Weight · 15%

Lead quality, preference stack, clean-up language, and where the round prices relative to comparable public and private benchmarks. Anchored in data, not narrative.

06

Risk & Disclosure

Weight · 10%

Regulatory posture, key-person concentration, cap table complexity, audit and data quality, and the items the company volunteered versus the items we had to chase.

Sample Output

What a scorecard looks like.

Lattice AI
Series C · AI Infrastructure
A−
Composite 0.84
Team & Execution
0.90
Market & TAM
0.82
Product & Moat
0.86
Unit Economics
0.78
Round & Valuation
0.80
Risk & Disclosure
0.88
Analyst Note

One page. No marketing copy.

Each scorecard ships with a 1,500–2,000 word analyst note explaining the scores, the data behind them, and the two or three things an investor should watch before committing. We show the work — including what we got wrong in prior rounds.

Scores update when the evidence changes. If a company misses a plan, that shows up. If a category re-rates, that shows up too. Scorecards are a living record, not a pitch.

Publications

Memos & deep dives.

Public research should help investors, operators, and managers understand how Alphaneo forms conviction. Platform members see the deal-specific memo once a private opportunity is available.

Market Map June 2026

The Alphaneo Private Markets Map: 555 companies across 10 categories.

A public-safe map of the Alphaneo coverage universe, built to show where strategic demand, technical proof, financing windows, and LP fit are beginning to converge.

Alphaneo Research · Market Intelligence
Read the report →
EXAMPLE
Company Memo Illustrative

AI Infrastructure: Why the inference layer is a better bet than the model layer.

A demonstration of our company memo format — covering round economics, a rebuild of unit economics from first principles, and the analyst rationale on key risk and upside drivers.

Analyst Desk · ~14 min read · AI Infra
View example →
Framework 2026

Scoring venture: the rubric, the weights, and the things we refuse to score.

Our complete scorecard methodology — how each dimension is scored, what evidence we accept, and the categories we explicitly leave out because they can't be measured honestly.

Alphaneo Research · Methodology
Read the methodology →
Thematic Coming soon

Private market structure: what institutional discipline actually looks like applied to early-stage rounds.

A recurring note on how demand, SPV formation, and evidence quality shape private-market access.

Alphaneo Research · Market Structure
Not yet published
Quarterly Coming soon

Quarterly review: deal velocity, valuation by stage, and where private capital is mispriced.

A quarterly view of what changed across the Alphaneo coverage universe and opportunity pipeline.

Alphaneo Research · Quarterly
Not yet published
How We Work

From company intelligence to opportunity formation.

Research is the bridge between the company universe, LP demand, and the investor-facing opportunity. Some work stays public; some stays private until access controls and diligence are ready.

STAGE 01

Map the universe

Track companies, sectors, founders, financing windows, and source quality before deciding whether anything deserves investor attention.

STAGE 02

Build the thesis

Turn raw intelligence into a structured view of market timing, evidence quality, open diligence, LP fit, and likely access path.

STAGE 03

Test demand

Use public research, targeted LP outreach, and stage-specific actions to understand whether the market wants the opportunity.

STAGE 04

Publish selectively

Public maps build trust. Private memos support active opportunities. Updates flow back into the platform when evidence changes.

Analyst Desk

The people who write the work.

Alphaneo research is becoming the public expression of the same system we use internally: company intelligence, manager/sponsor context, LP fit, and opportunity formation.

The goal is not to publish volume for its own sake. The goal is to create high-signal research that helps the right investors and strategic operators understand why a category matters before a deal becomes investable.

Sector coverage

  • AI, Robotics & Frontier Computing64 names
  • Defense, Space & Aerospace51 names
  • Financial Technology91 names
  • Energy, Climate & Infrastructure42 names
  • Healthcare & Bio54 names
  • Market StructureOngoing
Research list

Get the memos in your inbox.

Market maps, category notes, and selected research updates — sent when there is something worth reading.