Enter how much you're raising and your pre-money valuation to see your post-money valuation and how much of the company you're selling. Then add your shareholders to see how everyone's ownership changes after the round.
Cap table
Add your current shareholders and how many shares each holds. Only know percentages? Enter them as shares out of 100.
| Shareholder | Shares | Before | After | Value after | Remove |
|---|---|---|---|---|---|
| New investors | – | 0.00% | – | – | |
| Total | – | – | – | – |
How it works.
- Post-money valuation is your pre-money valuation plus the amount you raise.
- Equity you're selling is the round size divided by the post-money valuation.
- Price per share is the pre-money valuation divided by the number of shares before the round.
- New shares issued is the round size divided by the price per share.
Everyone who already holds shares keeps the same number of shares, but because new shares are created for the incoming investors, each existing shareholder owns a smaller percentage. That's dilution. The value of their shares at the new price is shown in the last column.
For example, raising £500,000 at a £2,000,000 pre-money valuation gives a £2,500,000 post-money valuation. The new investors own 20% of the company, and existing shareholders keep 80% between them.
What this doesn't include.
This is a simple calculator to help you think through a round. It doesn't account for things like a new or topped-up option pool, ASAs or convertible notes converting in the round, or different share classes. Any of these will change the numbers, so check your actual cap table with your lawyer or accountant before you agree terms.
Getting your round ready? Our guides to the fundraising data room and getting warm introductions are a good next step.
Questions founders ask.
Pre-money valuation is what the company is valued at before the new investment. Post-money valuation is the pre-money valuation plus the amount raised.
Divide the amount you're raising by the post-money valuation. Raising £500,000 at a £2,000,000 pre-money valuation means selling £500,000 ÷ £2,500,000, which is 20%.
When new shares are issued to investors, existing shareholders keep the same number of shares but own a smaller percentage of the company. That reduction in percentage ownership is dilution.