Startup & SME Cap Table (Multiple Investing Rounds) Financial Model (Excel XLSX)

VIDEO DEMO

BENEFITS OF DOCUMENT

1. Compiling a capitalisation table for a startup or SME company showing the different shareholding percentages, voting percentages, equity valuations, investment return and IRR for different investors and across multiple investing rounds.

DESCRIPTION

This product (Startup & SME Cap Table [Multiple Investing Rounds] Financial Model) is an Excel template (XLSX) with a supplemental Excel document, which you can download immediately upon purchase.

A Startup/SME Cap Table Excel Model with Multiple Investing Rounds is crucial for emerging businesses. It tracks the ownership structure, equity distribution, and valuation across multiple investment rounds, offering transparency to investors and founders. This tool assists in fundraising, employee stock options management, and decision-making for future funding rounds. Accurate and updated cap tables ensure equity dilution and ownership stakes are understood, fostering investor confidence. It supports strategic financial planning, helps in mergers or acquisitions, and encourages long-term growth. This model is indispensable for startups and SMEs, ensuring efficient equity management, financial sustainability, and investor relations.

PURPOSE OF MODEL
User-friendly Excel model for compiling a capitalisation table for a startup or SME company showing the different shareholding percentages, voting percentages, equity valuations, investment return and IRR for different investors and across multiple investing rounds.

The model is flexible allowing the user to input up to 15 different investor group across 8 different capitalisation events and 3 different share capital classes (eg ordinary A, ordinary B and preference shares). Capitalisation events include new equity raises, SAFE or convertible bond conversions to equity, provision of stock options and share transfers.

The model follows best practice financial modelling principles and includes instructions, checks and input validations.

KEY OUTPUTS
The model is generic and not industry-specific. The key outputs presented in both table and chart format include:
•  Breakdown of shareholding and voting rights by investor group
•  Investment return and IRR by investor group
•  Pre / Post-money equity valuations across capitalisation events
•  Share class splits across capitalisation events

KEY INPUTS
Inputs are split into setup inputs and capitalisation event assumptions. All inputs include user-friendly input validations to help users populate correctly.

Setup inputs include:
•  Business names
•  Business currency
•  Share capital classes including nominal value and voting rights per class
•  Capitalisation events including name, date and type
•  Investor group naming

Capitalisation event inputs include:
•  Pre-money equity valuations
•  Equity investment amount or number of shares depending the capitalisation event type
•  SAFE/Bond conversion price per share only applicable for SAFE/Bond equity conversions.

MODEL STRUCTURE
The model contains, 6 tabs split into input ('i_'), calculation ('c_'), output ('o_') and system tabs. The tabs to be populated by the user are the input tabs ('i_Setup' and 'i_Assumptions'). The calculation tab uses the user-defined inputs to calculate and produce the cap table outputs which are presented in ‘o_Charts'

System tabs include:
•  A 'Front Sheet' containing a disclaimer, instructions and contents;
•  A Checks dashboard containing a summary of checks by tab.

KEY FEATURES
Other key features of this model include the following:
•  The model follows best practice financial modelling guidelines and includes instructions, checks and input validations;
•  The model is not password protected and can be modified as required following download;
•  The model is screened using specialised model audit software to help ensure formula consistency and significantly reduce risk of errors;
•  -The model allows for the following number of underlying categories for each line item (these can be easily expanded if required):
Capitalisation events – 8 events;
Investor groups – 15 groups
Share classes – 3 classes
Capitalisation types – 4 types including equity raises, share transfers, stock options and SAFE/Bond equity conversions.
•  Business Name and currency are fully customisable
•  The model includes instructions, checks and input validations to help ensure input fields are populated accurately;
•  The model includes a checks dashboard which summarises all the checks included in the various tabs making it easier to identify any errors.

Source: Best Practices in Entrepreneurship, Deal Structuring Excel: Startup & SME Cap Table (Multiple Investing Rounds) Financial Model Excel (XLSX) Spreadsheet, Projectify