Fundraising & Corporate Finance
A cap table you fully understand.
A cap table shows who owns what in your company and how that changes with each funding round, option grant or new partner. Brenvard helps founders build, clean up and model their cap table so every decision is made with the effect on ownership in view.
In short
What is a cap table?
A capitalisation table, or cap table, lists the shareholders of a company, their shares and ownership percentages, and instruments such as options, warrants and convertible notes.
A clean, correct cap table is essential for fundraising. Investors check it early, and mistakes or unclear agreements can slow down or complicate a round.
For official guidance, see Invest Europe, the association for private equity and venture capital. At Brenvard, cap table guidance is part of our wider Fundraising & Corporate Finance services.
A correct, up-to-date overview of ownership.
Dilution modelled for future rounds.
Option pools and instruments explained clearly.
What is included
Ownership, modelled properly.
Cap table setup and clean-up
We build or clean up your cap table so it matches the legal documents.
Round modelling
We model how new rounds affect ownership for founders and existing investors.
Option and incentive pools
We help plan employee option or warrant pools and their effect.
Instrument overview
We explain convertible notes and similar instruments and how they convert.
We model the effect of each decision on ownership before it is made, so there are no surprises when the round closes.
Collect ownership documents.
Build or correct the cap table.
Model rounds and option pools.
Keep it updated after each change.
Who it is for
Is cap table guidance right for you?
Cap table guidance suits founders preparing to raise, companies introducing employee incentives and businesses whose ownership has become hard to follow.
Founders before a first or follow-on round.
Companies setting up an option pool.
Businesses with several owners and instruments.
Frequently asked questions
Questions we often get.
What is dilution?
Dilution is the reduction in existing shareholders’ ownership percentage when new shares are issued, for example in a funding round or option grant.
How big should an option pool be?
It depends on your hiring plans and stage. We model different sizes so you can see the effect on founders and investors.
Which tool should we use for our cap table?
Early on a well-structured spreadsheet can work. As you grow, a dedicated cap table tool can make sense. We help you choose.
Does the cap table need to match legal documents?
Yes. It must reflect the shareholder register and agreements. Differences should be fixed before fundraising.
Connected services
Part of one connected team.
What’s next
for your business?
Tell us what you are working towards. We will help you find a practical place to start.
