Automate your startup's legal work and get back to building.
Sign up to find out about the latest features
Copyright © Clara, 2023. All rights reserved
Accurately model ESOP pools and conversion of SAFEs and other convertibles, while visualising the dilutive effects of your next equity funding round.
Build trust and engagement by sharing custom equity views with investors and team members.
Our dedicated concierge team can help with migration and is always available for any assistance when needed.
“Starting a company is hard enough, but managing legal processes shouldn’t be. With Clara’s dedicated accelerator onboarding solution, companies can get the support and infrastructure they need to efficiently and professionally complete their legal due diligence and finalize an investment.”
“Founders often struggle with managing their legal function due to lack of expertise and resources. And we’ve seen poor legal structures create hurdles to our investing in otherwise healthy startups. Investors like ourselves love that Clara gives founders the tools they need to establish, grow and scale their startups from day one on a best-practice basis.”
“We spend a lot of time educating founders on basic legal concepts: what they need to do for us to invest in them. Clara automates these functions. As Clara’s first institutional investor, we knew intuitively from inception, this company will be a game changer.”
“For companies that seek venture financing, an important but often underestimated part is managing the legal side of things. From company formation to maintaining the cap-table, by using Clara founders can digitally form their companies in a range of jurisdictions, create and manage their cap-tables and generate legal documents. Clara is quickly becoming an integral part of the startup software stack.”
A cap table (or “capitalisation 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.
You and your co-founders need a cap table so you understand and keep track of the ownership structure of your company. When you are raising 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.
Gate District Building 04, Level 6
Dubai International Financial Centre
PO Box 506819
Dubai, UAE
Level 15, WeWork Hub71
Al Khatem Tower
Abu Dhabi Global Market Square
Al Maryah Island, Abu Dhabi, UAE
LABS Camden – Atrium
The Stables Market, Chalk Farm Rd, London, NW1 8AH
England, United Kingdom
Level 15, WeWork Hub71
Al Khatem Tower
Abu Dhabi Global Market Square
Al Maryah Island, Abu Dhabi, UAE
6443 Al Imam Saud Ibn Faysal Rd,
Al Malqa,
Riyadh 13522,
Saudi Arabia