1. Founding shareholders
60.0%
40.0%
2. Convertible notes / SAFEs (optional)
3. Funding rounds
Investors
Raised
£500,000
Post-money
£2,500,000
Share price
£0.20
New shares
2,500,000
Investors
Raised
£2,000,000
Post-money
£10,000,000
Share price
£0.64
New shares
3,125,000
Pro-rata to maintain existing investors' stakes
- Angel: buy 199,468 shares (£127,660) to keep 6.00%
- Seed fund: buy 508,721 shares (£325,581) to keep 14.00%
Ownership
Total raised
£2,500,000
Latest post-money
£10,000,000
Latest share price
£0.64
| Holder | Shares | Founding | Seed | Series A |
|---|---|---|---|---|
| Founder 1 | 6,000,000 | 60.00% | 48.00% | 38.40% |
| Founder 2 | 4,000,000 | 40.00% | 32.00% | 25.60% |
| Angel | 750,000 | - | 6.00% | 4.80% |
| Seed fund | 1,750,000 | - | 14.00% | 11.20% |
| Lead VC | 3,125,000 | - | - | 20.00% |
| Founders combined | 100.00% | 80.00% | 64.00% |
Exit waterfall
| Holder | Status | Proceeds | % exit | Return |
|---|---|---|---|---|
| Founder 1 | Common | £7,680,000 | 38.40% | - |
| Founder 2 | Common | £5,120,000 | 25.60% | - |
| Angel | Converted to common | £960,000 | 4.80% | 6.40× |
| Seed fund | Converted to common | £2,240,000 | 11.20% | 6.40× |
| Lead VC | Converted to common | £4,000,000 | 20.00% | 2.00× |
To founders
£12,800,000
To investors
£7,200,000
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