Closedata

Manifesto

It's 6:12 on a Friday. Somewhere, a Private Equity associate is three hours into confirming, one by one, whether the companies that came back from an industry-code search actually do what the code says they do. Half of them don't. The spreadsheet is already four tabs deep and none of them gives an answer.

Across the country, a 63-year-old founder closes his laptop. He spent thirty years building a profitable company. He has no one to take it over and no idea who to sell it to. Nobody is looking for him. Nobody is going to find him.

They don't know each other. But they're both losing, because finding private companies in Iberia doesn't work.

In the end, it should be simple. You have a thesis. You find the right targets. You move. But somewhere along the way, sourcing became the second job nobody signed up for: confirming activities by hand, stitching together databases that don't talk to each other, chasing ownership data that's five years out of date.

The industry is selling a convenient story about what comes next. AI will make search faster. More filters, better dashboards, one more "agentic" product per quarter.

That story is wrong.

When the cost of doing something drops, the world does more of it. Cheaper search doesn't get you better targets. It gets everyone the same targets, faster. Everyone races toward the same visible companies, at the same time. And the best deals in Iberia were never among the visible ones. They're in the family business with no Private Equity in the cap table, in the founder over 55 with no succession plan, in the signal nobody read because it was scattered across six different sources.

The best targets in Iberia are invisible. That's the part faster search will never solve.

We've spent our careers inside this problem. Three exits. M&A transactions from the Private Equity side. Twenty years building product and data. And an exclusive agreement with Informa D&B for the financial data of Portugal and Spain that nobody else has.

We believe the winners won't be the ones who search faster. They'll be the ones who decide better. Everyone has data. Few have decisions.

So we built Closedata.

Closedata crosses the financials, the shareholder structure, the founder profile, the sector, the risk, and the succession signals, and gives you a ranking of targets, not a list. You talk to it in plain language. It does the heavy lifting.

Your team doesn't have to learn anything new. We won't yell "AI" at you. The more decisions run through the platform, the better the engine gets for everyone. And your analysts get back to doing what they were hired for: analyzing and deciding, instead of searching.

Because in the end, it should be simple. You have the thesis. You decide. You move.

We just made sure that finding stops being the problem.

Signed

Joaquim Costa

Co-founder & CEO at Closedata