Model Any Funding Round Before You Sign
SAFE notes, priced rounds, and convertible notes — model the terms, see the dilution, and compare scenarios in real time.
Model Every Type of Round
No more back-of-napkin maths. See exactly how each term sheet affects your cap table before you commit.
SAFE Note Modelling
Model pre-money and post-money SAFEs with valuation caps, discounts, and MFN clauses. See conversion scenarios at different round prices.
Priced Round Builder
Set pre-money valuation, round size, and share price. Auto-calculate new shares issued, post-money valuation, and ownership percentages.
Convertible Note Calculator
Model convertible notes with principal, interest rate, maturity date, discount, and cap. See automatic conversion at different trigger events.
Scenario Comparison
Create multiple "what-if" scenarios with different valuations and terms. Compare side-by-side to find the optimal structure for founders and investors.
Real-Time Cap Table Impact
Every change instantly updates your cap table. See exactly how each investor, option holder, and convertible is affected before you commit.
Term Sheet Export
Export round summaries, investor breakdowns, and dilution waterfall as PDF or Excel for board approval or investor distribution.
How It Works
Select Round Type
Choose SAFE, priced equity, or convertible note. Set the basic terms — valuation cap, discount, interest rate, or share price.
Add Investors
Enter each investor with their commitment amount and any special terms. Track lead vs. follow-on investors.
Model Scenarios
Create multiple scenarios with different valuations, round sizes, or terms. Compare the dilution impact on existing shareholders.
Review Cap Table Impact
See the before/after cap table with fully-diluted ownership percentages for every stakeholder. Verify the maths before signing.
Close & Track
Move to the Round Closing module for step-by-step closing workflow, or export summaries for board approval.
Perfect For
Pre-Seed & Seed Rounds
Model SAFEs and convertible notes for your earliest investors. Understand dilution before you have a priced round.
Series A+ Negotiations
Compare different valuations and round sizes side-by-side. Show your board the trade-offs before accepting a term sheet.
Bridge Round Planning
Model convertible notes with interest accrual and discount rates. See how the bridge converts into the next priced round.
Frequently Asked Questions
Model your next round with confidence
SAFE, priced, and convertible note modelling with real-time dilution impact — all included in Pro.