Due Diligence Checklists › HR Tech › Growth / Pre-IPO
HR Tech Startup Investment Checklist: Growth / Pre-IPO Stage (2026)
This checklist covers 20 due diligence items for HR Tech startups at the Growth / Pre-IPO stage. Each item has been validated against institutional investor practice. DDR automates the majority of these checks from a single pitch deck PDF upload.
20 checklist items · 2 red flags automatically detected · See a sample DDR report
Growth / Pre-IPO Requirements
✓
$10M+ ARR with clear path to $100M+
✓
Profitability or credible path to profitability within 24 months
✓
Category leadership: top 1–2 in defined market
✓
CFO and board ready for public market scrutiny
✓
Revenue quality: multi-year contracts, low churn, high NRR
✓
Institutional governance: audit committee, independent board majority
HR Tech Sector
✓
Adverse impact analysis completed and documented
✓
Payroll tax compliance framework reviewed
✓
Employee data security and privacy policy reviewed
✓
HRIS integration list confirmed
Deep Dive
✓
EEOC adverse impact analysis for any AI hiring tools
✓
Payroll tax compliance review for payroll products
✓
Data security for sensitive employee information
✓
Integration depth with major HRIS platforms
Regulatory
✓
Verify: EEOC: adverse impact of algorithmic hiring tools
✓
Verify: Payroll tax compliance across all operating states
✓
Verify: GDPR/CCPA: sensitive employee personal data handling
OSINT Signals
✓
Check: EEOC complaint database for adverse impact history
✓
Check: IRS Form 941 employer tax compliance (via customer references)
✓
Check: G2 HR software reviews
DDR AUTOMATES THIS CHECKLIST
Upload a HR Tech startup pitch deck and DDR automatically completes 14+ of these 20 checklist items — sourcing data from 13 OSINT signals, benchmarking against 2 comparable companies, and detecting all 2 critical red flags.
GET YOUR FREE SCAN →