Thema raises $6.2M to build market infrastructure for private equity

The AI Infrastructure Layer for Understanding Markets

See where to defend. Where to expand. Where to originate.

A New Model for Market Understanding

WeeksDays

Per Project PricingPlatform

StaticLiving

Traditional tools start with finding companies. Thema starts with understanding markets.

Most tools answer: “What companies look similar?”
Thema answers: “What does the market actually look like – and what should we do about it?”
See where risk is building across your portfolio, where to defend, and where to expand.

  • Where to defend
  • Where to expand
  • Where to originate

Market Infrastructure

The Workflow

The same workflow applies every time.
What changes is the question you start with.

Define
the Question

A company, market, sector, or portfolio to assess for risk.

Step 1

Map Market
Structure

Segments, adjacencies, and competitive dynamics.

Step 2

Explore Expansion
Paths

See how platforms expand across adjacencies.

Step 3

Pressure-Test
Strategy

Adjust structure, explore alternatives, and stress-test assumptions.

Step 4

Produce IC-Ready
Views

Risk assessments, expansion narratives, and targets ranked by strategic fit.

Step 5

Market Infrastructure

Use Cases

One system.
Three starting points.

Portfolio Risk

Where to Defend

Spot shifts and emerging risk across every holding – and counter it.

Platform Expansion

Where to Expand

Grow each holding into adjacent markets with IC-ready expansion paths.

Market Origination

Where to Originate

Find new platforms and buy-and-build opportunities across fragmented markets.

How the infrastructure works

The AI infrastructure layer for understanding markets

We crawl and version hundreds of terabytes of web data, resolve millions of entities, and algorithmically discover market structure that doesn't exist in any database.

The result: a living map of the global economy that gets deeper every day — revealing non-obvious adjacencies, expansion paths, and emerging risk that traditional data providers and LLMs miss.

Built for Private Equity Investors

Everything you need to run risk and expansion across your portfolio.

See where risk is building — Disruption, competitive shift, and margin pressure across every holding

Know where to defend and expand — Counter strategies, adjacencies, and targets ranked by fit.

Take it to the IC — Reproducible, defensible views grounded in granular market structure

What customers say about the product

  • It’s really impressive – I just want to play with it.

    Partner

    → Tier-1 Consultancy

  • The workflow is what excites me – this feels strategically very different from sourcing tools.

    Investor

    → Leading Tech Buyout PE

  • This is much better than what I got from ChatGPT.

    Senior Associate

    → Top-10 Global Bank

  • We’d love to work with you on a formal paid pilot – let’s take this to our senior team.

    Investor

    → Leading Tech Buyout PE

  • It’s intuitive, and creates a market map incredibly fast – that’s computationally hard.

    Head of Origination

    → Top European Private Equity Firm

  • We think there’s tremendous potential.

    Senior Associate

    → Leading Tech Buyout PE

Built for trust. Engineered for precision.

Enterprise-grade security and privacy at every layer.

Defend Your Portfolio. Expand With Confidence.