Chiaro Valuations builds rigorous DCF models and valuation reports for pre-seed to Series A startups across Europe. Analyst-crafted, AI-accelerated, delivered in days.
Investors will challenge your valuation. We build models with assumptions you can explain line by line — not a template with your logo on it.
Every model is structured around the questions VCs and angels actually ask: growth assumptions, margin trajectory, discount rate logic, and terminal value sensitivity.
We use AI to accelerate research and drafting, then apply human analyst judgment to every assumption. You get boutique quality at startup speed and price.
You receive the complete Excel model — unlocked, documented, with every formula visible — plus a written report you can share directly with investors.
Fixed prices, fixed scope, revisions included. VAT treatment confirmed at quote stage.
Free 20 minutes. We understand your business, your raise, and what the valuation needs to achieve.
You share financials and projections through a simple checklist. Missing data? We build reasonable assumptions together.
We build the DCF, stress-test assumptions, and cross-check against market comparables.
You get the model, the report, and a walkthrough so you can defend every number yourself.
Chiaro Valuations was founded by Frank, a finance student at Bocconi University in Milan with three years of hands-on experience building DCF models and company valuations.
The idea is simple: most early-stage founders can't justify a €10,000+ advisory engagement just to get a credible valuation — but a spreadsheet template from the internet won't survive investor scrutiny either. Chiaro fills that gap with fixed-price, analyst-built valuations that combine modern AI tooling with human judgment on every assumption.
Based in Milan. Working with founders across Italy and Europe, in English and Italian.
A DCF for a pre-revenue startup is about disciplined scenario thinking, not false precision. That's why every engagement includes scenario analysis and a comparables cross-check — investors want to see that you understand the drivers of your own value, and a well-built DCF demonstrates exactly that.
Yes, openly. AI accelerates research, drafting, and formatting. Every assumption, formula, and conclusion is then reviewed and refined by a human analyst. You get the speed of AI with the judgment of experience — and full transparency about how your model was built.
At minimum: a description of your business model, any historical financials, and your own projections if you have them. We provide a short checklist after the intro call. If you're pre-revenue, we build the projections together.
No. Our reports are independent analytical work for fundraising and internal decision-making. They are not sworn appraisals (perizie giurate) or audit opinions, and we're clear about that in every report. For statutory or court purposes you'd need a certified professional, and we'll tell you when that's the case.
50% upfront to start, 50% on delivery, by bank transfer or card. Prices exclude VAT where applicable; we confirm the exact treatment in your quote.
Revision rounds are included in every package. If after revisions the deliverable still doesn't match the agreed scope, we refund the final 50%.
We reply within one business day with a fixed quote — or skip the form and book your free intro call directly.