Your stake. After every round.
Bring funding rounds, convertible loans and valuations together. See how your ownership changes and which document each figure comes from.
- Cap table by round, fully diluted, from the shareholder agreements
- Convertible loans and SAFEs with cap, discount and interest
- Ownership before and after each round, implied value at the last price
- Exits, dividends and returns of capital booked per company
The record behind the percentage
- Rounds
- Date, pre-money, amount raised, price per share and share class for each round, whether or not you took part.
- Holders
- Founders, investors, option pool. Percentages fully diluted, with the source agreement attached.
- Your position
- Shares, cost, ownership before and after every round, implied value at the last round price, marked unrealised.
- Convertible loans and SAFEs
- Principal, interest, maturity, cap and discount. Conversion modelled into the next round and booked when the round closes.
- Exits and distributions
- Sale proceeds, dividends and returns of capital booked against the position, so DPI and MOIC are per company as well as per portfolio.
- Documents
- Shareholder agreements, subscription forms, loan agreements, board resolutions and reports, filed with the company they belong to.
The cap table is read from the signed documents, then approved by you
Upload the shareholder agreement or the cap table the founders sent. Rounds, holders and prices are extracted and shown next to the source. A round that does not add up to 100% is flagged before it is booked.
- Loan conversions matched to the round they land in
- New investors proposed as new holders, never merged
- Every round traceable to its document
| Total commitment | EUR 500,000.00 |
| Called prior to this notice | EUR 320,000.00 |
| Amount of this call | EUR 45,000.00 |
| Equalisation interest | EUR 1,240.00 |
| Total amount due | EUR 46,240.00 |
- Call amount + equalisation = total due
- Called to date reconciles with the fund's bookings (€320,000.00)
- Unfunded after this call: €135,000.00
Valuation is a fact, not a forecast
The implied value of your position is the last round price times your shares, labelled as such. Valued does not mark up a holding on its own.
One company, one record
A company you hold directly and through a fund is one company. Its rounds and documents live in one place, and both positions point at it.
Syndicates and SPVs
A position held through a vehicle is recorded as an SPV, with the underlying company named, so it is not mistaken for a direct shareholding.
Start with the company whose cap table you trust least.
Upload its latest shareholder agreement, approve the rounds and see what your percentage actually is.