NVCA Pro Forma Tools

Build a new pro forma from your term sheet and cap table, or check whether an existing pro forma correctly reflects your negotiated terms.

Pro Forma Builder

Build a Pro Forma

Upload your term sheet and current cap table. The tool extracts the round parameters and shareholder structure, then generates a complete post-financing pro forma.

1
Term Sheet

The signed or draft agreement containing negotiated terms — pre-money valuation, investment size, option pool, liquidation preference, etc. (.docx, .xlsx, or .pdf)

No file chosen
2
Current Cap Table

Your existing pre-financing cap table listing current shareholders, share counts, and security types. (.xlsx, .docx, or .pdf)

No file chosen

Upload both files above to generate the pro forma.

Conformance Analyzer

Analyze a Pro Forma

Upload your term sheet and an already-built pro forma. The tool checks every negotiated term against the actual numbers and flags any discrepancies.

1
Term Sheet

The signed or draft agreement containing negotiated terms. (.docx, .xlsx, or .pdf)

No file chosen
2
Pro Forma to Analyze

The cap table or pro forma document you want to verify against the term sheet. (.xlsx, .docx, .pdf, or .zip)

No file chosen

Upload both files above to run the conformance check.

Version Comparator

Compare Pro Forma Versions

Upload two versions of the same deal's pro forma — or two different cap tables — to see exactly what changed between them: economics shifts, ownership movements, and new or resolved issues.

A
Earlier / Baseline

The earlier or baseline version of the pro forma. (.xlsx, .docx, .pdf, or .zip)

No file chosen
B
Later / Revised

The later or revised version of the pro forma. (.xlsx, .docx, .pdf, or .zip)

No file chosen

Upload both versions above to compare them.

Note Analyzer

Convertible Note & SAFE Analyzer

Enter round parameters and instrument details to compute exact conversion prices, accrued interest, share counts, effective discounts, and dilution for each convertible note or SAFE — and download the full conversion schedule as CSV.

Round Parameters
Instruments
Holder / Name Type Principal ($) Interest Rate % Issue Date Valuation Cap ($) Discount %

Enter round parameters and at least one instrument row above.