Build and manage your cap table

A cap table (or “capitalization table” to give it its full name) is a summary of your company’s equity structure and who owns that equity. It sets out the number and class of shares, options, convertibles and warrants that the company has issued and to whom they have been issued. It shows the percentage of the company owned by the shareholder, option holders, convertible holders and warrant holders and how their ownership vests over time.

Every company needs a cap table, so you understand and keep track of the ownership structure of your company. When you are raising a new investment, it will help you to decide the important matters you will need to address, such as relating to your valuation, how many shares to issue and the potential for dilution of ownership.

Your cap table should be updated every time there is an “equity event”. That could mean a share transfer, issuance of new shares, granting of options, vesting or exercise of options, issuing convertibles (e.g. SAFEs) or converting convertibles into shares.

Yes. Every time you do an equity funding round, your cap table should be updated to capture that information. Every round will show on your cap table through the round’s share class (e.g. your first round may show Series A Preferred Shares on your cap table and tour second round Series B Preferred Shares).

Yes. Your cap table will show the ownership percentage, voting percentage and fully diluted percentage (i.e. assuming all options are eventually issued). You can even see your percentages based on hypothetical future equity funding scenarios using our scenario modelling tool, which will include the conversion of any convertibles you have issued.

Yes. Your cap table should include all classes of shares that are issued.

The Clara cap table automatically tracks all vesting schedules, sends you reminders and allows for one click exercise and conversion of vested options into issued shares.