It is too easy to make costly mistakes when building out a cap table, and now with SmartCap, our management and investors are completely confident in its accuracy.
Philadelphai, PA (PRWEB) February 21, 2012
DocDep announced today the release of SmartCap, a free, online cap table application, which augments its line of business automation and organization applications for the venture capital and private equity community.
SmartCap is a cloud–based cap table application which records capitalization structure, tracks investment evolution, and stores underlying investment documents. The resulting organization and standardization help investment-backed companies establish professionalism, especially as they seek additional funding or plan for an exit. SmartCap supports multiple equity holders and classes of security, including preferred and common stock, convertible notes, options and warrants. Pre-defined formulas, templates, and calculations make it easy to build a cap table free from the manual errors common to spreadsheet cap tables, promoting accuracy.
SmartCap also includes a dilution calculator, which allows shareholders to see the impact of different valuations when considering funding in order to prepare for the outcome they want.
DocDep has helped many venture-backed companies improve the accuracy and organization of their cap tables, including, AlignAlytics, a Philadelphia-based GRC company. “Without a doubt SmartCap is a necessity for investment-backed companies. It is too easy to make costly mistakes when building out a cap table, and now with SmartCap, our management and investors are completely confident in its accuracy,” says Roland Mosimann, CEO of AlignAlytics.
“Cap table errors and confusion are a problem for the VC community,” says Bill Bridgers of Zon Capital. “Smart Cap has given our partners increased confidence in the accuracy of our portfolio’s cap tables and we see tremendous value in the resulting good governance and standardization.”
Smart Cap was developed to fill a need in the venture community for an easy-to-use, inexpensive cap table utility designed to overcome the limitations of spreadsheet-managed cap tables. In addition to the free version, SmartCap is available at Premium, Enterprise, and VC/PE levels with expanded functionality, unlimited document storage, and access to additional products in the DocDep line, including Radar, SmartBoard, and Sonar Investment Document Manager. DocDep also provides cap table consulting services for companies requiring review and audit of their current one.
For more information about using SmartCap, the free, online cap table tool from DocDep, visit http://www.docdep.com.
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