Before the capital flows
BloomUp is a Belgian digital health platform that helps companies actively prevent burnout and mental illness among employees.
With a hybrid model of digital self-help tools and personal therapy through a network of over 240 therapists, BloomUp targets employers who want to take responsibility for their teams' mental health.
Sidekick
Mission Report
The Mission
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CM – one of Belgium's largest health insurers – was evaluating a follow-on investment in BloomUp
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Before capital flows: an independent, entrepreneurial assessment of commercial maturity
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AndRobin was commissioned to conduct a commercial due diligence – honest, focused, with founder DNA
What we delivered
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100%
Clear investment recommendation with specific conditions and milestones
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8
Green and red flags analysed – with direct recommendations
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20+
Prioritised initiatives in BloomUp's roadmap and action plan
Our Approach
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Intensive analysis within a clearly defined timeframe (May/June 2025)
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Interviews with founder and core team, review of financial data, product strategy, and market position
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Assessment along key investment criteria: product, market, team, strategy, and profitability
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Neutral, entrepreneurial perspective – not an analyst at a desk, but a founder's view
Expertise Applied
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Business model development & validation
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Go-to-market & growth strategy
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Organisational development & performance management
What we tackled
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Commercial due diligence fully conducted and documented
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Strengths, risks, and key infrastructure gaps identified and assessed
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Investment scenarios developed and specific conditions for a follow-on investment defined
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Provided BloomUp with a directly actionable growth roadmap and action plan
Learnings
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Due diligence doesn't just protect the investor – it gives the startup the clearest outside perspective it can get
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Product-market fit isn't a feeling – it needs numbers, benchmarks, and a clear feedback loop
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Too many business models in parallel are not an advantage for an early-stage company, but a growth inhibitor
What the client says
AndRobin's clarity, consistency, and versatile know-how made our due diligence process for a strategic investment smooth and effective.
Their assessments helped us focus on what really matters, engage constructively with the startup, and produce a report that not only guided our decision but also helped the company sharpen its growth plans and associated financing strategy.
Katrijn Schreurs
Manager Innovation, CM