Model the round before you sign it, grant options without a spreadsheet, and know exactly what every holder receives at exit — on an equity ledger your investors and auditors can trust.
Pool back-solve, SAFE and note conversion and anti-dilution are modelled up front, then the round closes in one atomic step.
Issue options and RSUs with vesting computed for you; holders accept from email or their portal, and the pool cannot drift from its grants.
Seniority, participation caps and conversion decisions are solved per class, so you see real proceeds by holder at any exit value.
On Privatis the round is modelled in code, closes in one transaction, grants vest by schedule, and the waterfall answers the exit question for every holder.
The cap table, round model, vesting and waterfall are all computed from the same equity ledger.
Fully diluted, as of any date.
Price per share, new shares, conversions, dilution — before you sign.
Per holder, with cliff and acceleration applied.
Proceeds by holder at any exit value.
One answer to ownership, dilution and exit proceeds — the same one counsel sees.
An equity ledger instead of a spreadsheet, with compliance checks built in.
A portal with their own grant, vesting and documents.
Each step posts to the equity ledger, so the round you model is the cap table you close.
Enter founders, common and any SAFEs — or import from Carta, Pulley or a spreadsheet with a dry run.
Import & Export →Pre-money, raise, post-money pool, SAFE conversion — before the term sheet is signed.
Round Modeling & Close →One atomic transaction: new shares, conversions and the pool, posted together.
Round Modeling & Close →Options and RSUs from the pool with vesting computed; acceptance from email.
Equity Plans & Vesting →Waterfall by class and holder, with sensitivity on exit value.
Exit Waterfall →Ownership is a query over an append-only, hash-chained ledger — not a cell someone typed. Common, preferred, options, RSUs, warrants, SAFEs and notes reconstruct on any as-of date.
Pre-money method with pool back-solve, post-money SAFE conversion to a fixed point, and anti-dilution — then close in one transaction that issues the class, converts the notes and pins pre/post versions.
Pools that cannot drift from their grants. Cliffs, acceleration, terminations and post-termination exercise windows are computed from the schedule — not typed into a column.
Seniority tiers, participation caps and the non-participating conversion decision solved for every class — with sensitivity on exit value, not a one-cell answer.
Each holder sees only their own holdings, vesting and documents — and can accept a grant from an email link or exercise from inside the portal.
Start free, or import your current cap table with a dry run and check every holder before you commit.