Free Online Cap Table Tool from DocDep Surpasses 140 Sign-ups

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Since launching its free online cap table application in February, DocDep’s SmartCap has surpassed 140 new sign-ups comprised of portfolio companies, venture capital, private equity, and law firms from 13 countries and 22 states, with 144 sign-ups as of April 9, 2012.

Since launching its free online cap table application in February, DocDep’s SmartCap has surpassed 140 new sign-ups comprised of portfolio companies, venture capital, private equity, and law firms from 13 countries and 22 states, with 144 sign-ups as of April 9, 2012.

SmartCap replaces spreadsheets as a tool for recording and maintaining the capital structure of an investment-backed company. With standard templates and formulas, SmartCap eliminates the manual errors and miscalculations that are common to spreadsheet cap tables and gives both investors and entrepreneurs a way to share and centralize information. The embedded document management capability enables the storage of underlying legal documents, such as option grants, for greater organization and accuracy.

SmartCap’s funding scenario functionality equips existing stake holders in investment-backed companies with a powerful tool to model the potential impact of taking on additional funding. This creates new levels of insight, preparedness, and empowered decision-making, which would be complex and difficult to duplicate by hand.

For any company with a cap table, SmartCap is a huge asset. Farid Naib, DocDep’s CEO states, "At DocDep, we have done numerous cap table audits that have uncovered issues, including math errors, missing documents, and multiple versions of cap tables. SmartCap is our gift to the entrepreneurial and investment community, especially designed to simplify managing cap tables and to address problems inherent with Excel based cap tables.”

For more information about using SmartCap, the free, online cap table tool from DocDep, visit http://blog.docdep.com/docdep-cap-table/.

About DocDep
DocDep creates tailored, online critical data management applications for the venture, private equity, legal, financial, and investment-backed communities. Its array of modules address the specific data needs for secure organization, reporting, and analysis within these verticals, enabling compliance, good governance, and empowered decision-making. For more information contact DocDep at 800-872-9394 or visit http://www.docdep.com
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REBECCA HOLLOWAY
DocDep
609-217-2101
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