Tools
Calculators for founders and investors
25 tools for the maths around a raise or a deal: rounds and dilution, valuation and returns, the metrics investors check, and fund economics. No sign-up; everything runs in your browser.
Fundraising and dilution
SAFEs, notes, priced rounds and what each one does to the cap table.
- 01 SAFE calculator
Work out what a post-money SAFE converts into at the next priced round: cap or discount, effective valuation and the SAFE holder's stake before and after the round.
Open - 02 Convertible note calculator
Calculate accrued interest on a convertible note, the conversion valuation (cap or discount) and the noteholder's stake after the next priced round.
Open - 03 Option pool calculator
See what an option pool top-up before a round really costs founders: pool top-up, effective pre-money valuation and value moved from existing holders.
Open - 04 Cap table calculator
Model founder ownership through seed, Series A and Series B: stake sold and pool top-up per round, founders and investors after each step.
Open - 05 Pro rata calculator
For investors with pro rata rights: the amount needed in the next round to keep your ownership, and your stake if you do not take it up.
Open - 06 How much to raise calculator
Work out how much to raise from monthly burn, target runway and a buffer, and see the stake you would sell at your expected valuation.
Open - 07 Venture debt calculator
Calculate monthly payments, total interest, fees and warrant coverage for a venture debt facility with an interest-only period.
Open - 08 Dilution calculator
Ownership after a priced round, including an option pool top-up before the money comes in.
Open - 09 Due diligence checklist
The ten-folder investor index, filtered by stage from pre-seed to growth and PE.
Open - 10 Data room cost calculator
All 16 data rooms priced for your project type, team size and timeline.
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Valuation and returns
What the company is worth today and what an investor gets back.
- 01 Pre-money and post-money calculator
Turn an amount raised and a stake sold into pre-money and post-money valuations, price per share and the number of new shares to issue.
Open - 02 Revenue multiple valuation calculator
Value a startup from its ARR and a revenue multiple, see the post-money and stake sold for your raise, and test a lower multiple.
Open - 03 VC method valuation calculator
Value a startup the way a venture investor does: expected exit value, target multiple and future dilution give today's post-money and pre-money.
Open - 04 Liquidation preference calculator
See who gets what at an exit: the investor's preference, whether it converts to common, and what is left for founders and employees.
Open - 05 MOIC and IRR calculator
Calculate multiple on invested capital and IRR from the amount invested, the proceeds at exit and the holding period.
Open - 06 Stock option value calculator
Estimate the value of startup stock options at an exit: value per share after dilution, cost to exercise and gain before tax.
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Startup metrics
The numbers investors check in diligence, worked out the way they do it.
- 01 Burn multiple calculator
Calculate your burn multiple from net burn and net new ARR, with the common reading bands investors use.
Open - 02 LTV to CAC calculator
Calculate customer lifetime value, LTV to CAC ratio and CAC payback months from revenue per customer, gross margin, churn and acquisition cost.
Open - 03 Rule of 40 calculator
Add revenue growth and profit margin to get your Rule of 40 score, the benchmark growth investors use for software companies.
Open - 04 Net revenue retention calculator
Calculate net and gross revenue retention from starting revenue, expansion, contraction and churn for the same group of customers.
Open - 05 MRR growth calculator
Calculate compound monthly growth (CMGR) and annualised growth from two MRR figures, plus your ARR run rate and a twelve-month projection.
Open - 06
Fund maths
For fund managers and LPs: carry, fund multiples and returns.
- 01 Carried interest calculator
Estimate GP carried interest and the LP net multiple for a fund with a hurdle rate and full catch-up (whole-fund waterfall).
Open - 02 TVPI and DPI calculator
Calculate a fund's DPI, RVPI and TVPI from paid-in capital, distributions and remaining NAV.
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About the tools
Are these calculators free to use?
Yes. Everything runs in your browser; nothing you type is sent to us or stored.
Can I rely on the results for a term sheet?
Use them to understand the mechanics and test scenarios. Each tool states its assumptions; for a live deal, ask your lawyer or adviser to model the signed documents.
Which tools do investors use in diligence?
Investors recompute burn multiple, net revenue retention, LTV to CAC and the cap table from the files in your data room. Running the same numbers first means no surprises.