A cap table clean enough to survive real investor diligence.
Founder equity, ESOP pool and prior rounds structured and documented correctly — so your cap table doesn't become the thing that slows down or derails your next raise.
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The cap table is one of the first things diligence looks at
A messy cap table — undocumented verbal equity promises, an ESOP pool that was never formally created, inconsistent share classes from prior rounds — is one of the fastest ways to slow down a fundraise. Investors read cap table cleanliness as a proxy for how carefully the company has been run.
We review and, where needed, restructure your cap table — reconciling every share issuance against actual documentation, formalising the ESOP pool, and making sure prior round terms are consistently reflected — so it holds up cleanly under diligence.
Undocumented founder or early-employee equity — a verbal 'you'll get 2%' that was never formally issued — is the single most common cap table issue we find, and it's far easier to fix before a raise than during one.
What's included
A standard cap table structuring engagement includes:
Cap table audit
Every share issuance reconciled against board resolutions and statutory filings.
ESOP pool formalisation
Employee stock option pools properly created, documented and reflected in the cap table.
Share class reconciliation
Equity, preference and convertible instruments consistently reflected across rounds.
Dilution modelling
Pre- and post-money dilution modelled for your upcoming round scenarios.
Documentation cleanup
Missing board resolutions, share certificates or agreements identified and remediated.
Investor-ready cap table
A clean, presentation-ready cap table you can share directly in diligence.
Raising soon and not confident your cap table is clean?
Let's audit it now, before it's a diligence problem.
How we structure your cap table
1. Audit
We reconcile every issuance against actual documentation to find gaps or inconsistencies.
2. Remediation
Missing documentation is formalised — board resolutions, share certificates, ESOP grant letters.
3. Modelling & handoff
A clean, dilution-modelled cap table is delivered, ready to share with investors during diligence.
A standard audit and cleanup typically takes 2–4 weeks depending on how many prior rounds and issuances need reconciliation.
Get a clear, itemised quote.
Tell us about your business and we'll size up exactly what this service costs for you — no obligation.
Pricing
Pricing depends on cap table complexity and how much remediation is needed on prior documentation. See our pricing page for indicative ranges, or get an exact, itemised quote in one call.
Frequently asked questions
What if I have undocumented equity promises to early team members?+
Do you handle ESOP pool creation from scratch?+
Can you model dilution for a specific upcoming round?+
How long before a raise should I do this?+
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Audited, documented and dilution-modelled, before investors ask.