The Funding tab is where you describe the round you are raising now: how much capital you need, when you expect to close, and how you plan to spend the money. The amount you enter as capital needed changes your valuation, because the VC method subtracts it from post-money to get your pre-money valuation. Changes on this tab only take effect after you click Save.
What is on the Funding tab?
The tab has two chapters: Current Funding Round at the top and Past Funding Rounds below it. The current round chapter starts with the question Is the company currently raising capital? and two buttons, Yes and No. When you select Yes, these fields appear:
Capital needed: the amount you are raising, in your company currency.
Expected closing date: optional, the date you expect the round to close.
Use of Funds: six categories where you split the amount, each with an amount and a percentage.
A panel on the right repeats your capital needed and shows Funds allocated, the total of your Use of Funds rows, with a donut chart. If the split is above or below the raise, the panel shows Exceeding 100% or 100% not reached. The shareholder table is no longer on this tab: you find it under SAFEs & Ownership.
How do I enter my current round?
Click Funding in the left sidebar.
Under Is the company currently raising capital?, select Yes.
Type the amount of the round in Capital needed.
Optionally, pick an Expected closing date.
Split the amount across the Use of Funds categories, by amount or by percentage.
Click Save.
When you change capital needed after setting a split, each Use of Funds line keeps its percentage and its amount is recalculated from the new total.
You can also set the amount from the How much are you raising? card on the Valuation progress page. That card saves only the amount and the closing date, rescales an existing Use of Funds split to the new amount, and leaves your past rounds untouched.
How does capital needed change my valuation?
The VC method estimates a post-money valuation (the company's value just after the investment) from your projected exit value. It then subtracts capital needed to get the pre-money valuation (the value before the money comes in). With capital needed at 0, the VC method's pre-money value equals its post-money value.
The amount also feeds DCF with long-term growth and DCF with multiples. It is added to your opening cash for the first forecast year in your financial projections.
The post-money valuation shown to you is your pre-money valuation plus capital needed, at the low, average and high ends of the range. The equity percentage an investor receives is capital needed divided by post-money valuation.
If capital needed is higher than the VC method's post-money value, the VC method's pre-money value falls below zero and your valuation can turn negative. Lower the amount or update your projections to fix it.
What does it change in the valuation report?
When capital needed is above 0, the valuation report includes a Current funding round chapter and a Use of funds chapter. The Current funding round chapter shows capital needed, the equity percentage at the low bound, average and high bound, and the post-money valuation. It also shows a price per share and number of shares when a total share count is available. The report then labels your headline figure Pre-money Valuation. With capital needed at 0, both chapters are left out and the headline figure is labelled Valuation.
What happens if I select No?
Selecting No sets capital needed to 0 and clears the expected closing date. After you click Save, the VC method no longer subtracts an investment and the report drops the two funding chapters. The Valuation progress card only accepts amounts above zero, so use No on the Funding tab to record that you are not raising.
Limits
Capital needed cannot be negative. On the Valuation progress card it must be a whole amount above zero.
Amounts are in your company currency. Changing the currency later does not convert them: funding amounts keep their numbers under the new symbol.
The custom name for the Others Use of Funds category is limited to 50 characters.
Members with read-only access cannot save. The save button shows "You have read-only access. Contact an admin to request editing permissions."
If you leave the tab with unsaved changes, a Data not saved dialog asks you to confirm. Choosing Exit without saving discards your edits.
The Funding tab is not locked on the free plan.
Common questions
Why did my valuation turn negative after I entered my round?
One cause is a capital needed amount larger than the VC method's post-money value. Lower the amount or review your financial projections.
Can I use my current round to explain my valuation to an investor?
Yes. The report's Current funding round chapter shows the amount, the post-money valuation and the equity stake it implies, and the report shows the methods and weights behind the pre-money figure.
Where did the shareholder table go?
It moved to the SAFEs & Ownership tab. The Funding tab now covers only your current round and past rounds.