In high-stakes transactions, no document exists in isolation. Legal agreements, financial reports, cap tables, board minutes—they're all connected. Miss one link, and the whole deal can unravel. That’s why the future of due diligence is document dependency intelligence.
Most diligence platforms treat documents as individual files—standalone pieces of information to review, tag, and archive.
But investment professionals know the truth: documents are interconnected.
These relationships form the backbone of deal logic—and when they break down, risk skyrockets.
When you're evaluating a company, you're not just reading files—you're reconstructing a story.
Every decision, every agreement, every stakeholder approval lives in a document. Understanding how these documents depend on each other is critical to:
Yet, in most due diligence processes, identifying these connections is a manual, time-consuming task. Often, they’re never fully mapped at all.
Let’s break it down with a typical scenario:
You’re reviewing a target company with a recent SAFE financing round. The term sheet looks clean. The cap table reflects the conversion.
But here’s what’s missing:
If these document links aren’t identified and verified, your legal foundation for the investment is shaky. Worse, you might not even know it—until litigation, compliance review, or post-close fallout.
LiquidDocs' AI doesn’t just extract information—it understands how documents are connected.
Our Document Dependency Engine builds a dynamic map of interrelated documents, helping you:
Think of it as an intelligent audit trail—without the grunt work.
LiquidDocs generates a visual map of document interdependencies to surface gaps and verify integrity.
A VC firm was reviewing an AI startup preparing for Series A.
The company uploaded:
All looked solid.
But LiquidDocs’ dependency analysis flagged that the shareholder agreement referenced a prior Board Consent that was missing. The AI also identified that the cap table reflected shares from an unapproved stock option pool expansion.
Without those two supporting documents, the new shareholder rights would be unenforceable.
The firm requested the missing files. Turns out, the board had never formally approved the expanded options—meaning equity allocations were technically invalid.
The deal paused, and the company was advised to clean up its governance structure. The VC firm avoided a regulatory and legal quagmire—and later closed the round with confidence.
Instantly confirm that each document has supporting and preceding documents where expected.
Know when a reference has no backing document—without manual review.
Avoid closing deals based on assumptions that turn into liabilities.
If a critical approval is missing, use that as leverage to renegotiate or delay.
Show your LPs, partners, or board that your diligence process is airtight and tech-enabled.
LiquidDocs uses a combination of:
All of this is visualized in an interactive dashboard, showing where relationships exist—and where they don’t.
No need to tag files or train the system—LiquidDocs automatically parses and maps your documents as they’re uploaded into your existing VDR or shared folders.
You’ll get:
Whether you're screening a startup or evaluating a $100M acquisition, dependency intelligence is your new edge.
With LiquidDocs, you can:
LiquidDocs helps deal teams uncover hidden risks, validate decision chains, and close faster—with full confidence in their document integrity.