See every company. Not just the ones that write.
You hold a minority stake and no mandate to demand a reporting pack. Navaris reads each company's billing, ledger and banking directly, so runway, growth and round readiness stay current whether or not this month's update arrives.
- Runway and reserve decisions taken from the bank, not the last email
- Growth, retention and efficiency comparable across every holding
- Material events flagged in days, rather than found at the board meeting
- LP, regulatory and scheme reporting assembled as the quarter runs
Fund II portfolio
Shortest runway firstFoldwork
ARR £410k · flat
Lumen Freight
ARR £1.3m · +112%
Ostara Bio
ARR £2.1m · +58%
Palewater
ARR £780k · +186%
Kestrel Analytics
ARR £5.2m · +94%
Tandem Health
ARR £11.4m · +68%
£24.6m deployed · £11.4m reserves · 2 below the 12-month line
Know who runs out of money first, and how much is left for them
Runway is calculated from cash and trailing burn in each company's own accounts, not from a figure a founder typed into a form last quarter. When a company crosses your intervention threshold, you hear about it with months to act rather than weeks.
- Reserve earmarks re-run whenever a runway or round date moves
- Follow on, bridge, hold or review — a position on every holding
- Graduation rates by stage, against the market benchmark
Reserve allocation
£11.4m remainingKestrel Analytics
Series B pro rata
Ostara Bio
Inside extension likely Q1
Lumen Freight
Bridge, subject to the September board
Palewater
Series A pro rata
Foldwork
Under review
£8.2m earmarked, £3.2m unallocated. Earmarks are working assumptions, not commitments.
Runway by company
Cash over trailing burn, with your six and twelve-month lines marked and crossings flagged.
Reserve position
What is earmarked, against what, and what is genuinely free to reallocate.
Next-round readiness
Scored against what a lead at the next stage underwrites, not against a founder’s optimism.
Graduation rates
Seed to Series A, A to B, B to C or exit — your conversion against the market.
The portfolio between the updates
Monthly updates are self-selected: the founders doing well write, and the ones in trouble go quiet. Navaris builds one chronological record per company from the systems they already run, so silence stops being the same thing as no news.
- Every event traceable to a system, so it holds up in diligence later
- Metrics calculated the same way for every holding, and comparable
- Connections surfaced across systems that no single tool would show
Business events
Kestrel AnalyticsQ3 pipeline coverage fell to 2.6x
Derived from: Open pipeline value with a Q3 close date over the quarter target
First deal above £100k closed won — £118k
Derived from: Deal moved to Closed Won above the £100k threshold
SH01 share allotment filed for the Series A
Derived from: SH01 filing reconciled to the round entry on the cap table
Nothing on the timeline was typed by anyone.
The metrics a lead will model
ARR and net new, NRR and churn, burn multiple, CAC payback and Rule of 40 — read from billing and the ledger.
Material events
A runway threshold crossed, a top customer lost, a senior departure — surfaced when it happens.
Event timeline
One record per company across billing, banking, CRM, payroll, the deploy pipeline and Companies House.
Round tracking
New rounds detected from share allotment filings and reconciled to the cap table, not to a forwarded email.
LP and regulatory reporting, assembled as the quarter runs
Valuations, capital accounts, regulatory returns and the scheme compliance that makes UK venture work — built from the same portfolio company data as it arrives, rather than reconstructed from a survey after the quarter closes.
Valuation and performance extract
Per-company holding value, ownership, invested cost, reserves, last round and TVPI, on an IPEV basis.
ILPA quarterly template
Standardised fee, expense and carried interest disclosure with capital account statements per partner.
AIFMD Annex IV report
Fund, portfolio and leverage disclosures for the UK AIFM regime, sized for a sub-threshold manager.
EIS and SEIS compliance tracker
Qualifying status per holding — gross assets, employee count, trade and holding period, with EIS1 and EIS3 status.
ESG_VC portfolio measurement
The framework metrics across the portfolio: governance, environment, social and diversity indicators.
Investing in Women Code return
Signatory return covering the gender split of the deal pipeline, the investments made and the investment team.
Navaris does the chasing
When a figure is stale, it goes to the founder rather than onto your list. You see coverage, not a set of reminders to send.
Scheme status watched
Gross assets, employee count and the holding period tracked per company, so an EIS qualification problem surfaces before it becomes one.
Marks that reconcile
Your valuation extract, LP letter and capital accounts read from one source, so they cannot disagree in front of an investor.
UK regimes and frameworks named above. The same evidence base serves whatever your own LPs and regulators require.
Founders will actually use it
This is the part that decides whether any of the above works. You cannot mandate a reporting portal into a company you do not control — so each of your holdings gets a workspace that earns its place by doing the work founders already owe their board.
The monthly update, drafted
Eight of ten sections written from live data. The two that need the founder are the two you actually read.
Metrics and board packs
ARR bridge, cohort retention and efficiency, assembled rather than rebuilt each quarter.
The next round, ready
A data room that stays current, and a cap table reconciled to Companies House before diligence starts.
Their own next step
Guided work across eight areas of the business, so it is useful between board meetings too.
Which is why the data stays good. Founders keep it current because writing the investor update is easier that way, not because the fund asked them to. The same company context that drafts their update fills in your portfolio view, your runway model and your valuation extract.
See your portfolio in Navaris
Bring one holding, one reserve decision or one reporting deadline to a 30-minute walkthrough, and we will work through it in the product.
Talk to us about your fund