Managing funding rounds
How to manage a funding round in the deal room? / How funding rounds work?
How to prevent members from marking interest in a funding round?
How to allow/request companies to create a funding round when applying to the deal room?
What to do when a company that is already in the deal room wants to open another funding round with members of the same deal room?
A funding round can be created for a company application by a deal room member who has at least "view companies and create funding rounds" or higher companies access or a deal room member who has been set as the round lead in the Funding tab of a specific company application. You can also let companies create a funding round while applying to the deal room.
To create a funding round:
locate and open the company application in the deal room you want to create a funding round for
open the Funding tab
click on "Create funding round"
The following can be configured for each funding round:
Funding type – equity/convertible note/SAFE/loan/other/unknown.
Primary currency – this is for informative purposes only, the round target and marked interest are shown in the deal room’s primary currency in the Funding tab.
Round target – used to show funding round progress.
Additional information – any information or description for funding round participants
Round terms – whether investors are required to agree to any terms when joining the funding round and what those terms are.
Round status – open/closed.
Role of the company – excluded/observer/round lead.
Private mode – used to limit access of deal room members who are not funding round participants and don’t have “view companies and create funding rounds” or higher companies access.
Participant information shared with the company – how much information about your deal room members who participate in the funding round is shared with the company (applicable only when the role of the company is “Observer”).
Participant information shared with other deal rooms – how much information about your deal room members who participate in the funding round is shared with other deal rooms that are participating in the funding round.
If investors are required to agree to the terms of the funding round, they are not able to add their funding interest without ticking the corresponding checkbox in the dialogue that opens after they click on “Mark my interest”.
The listed funding round properties can be configured by the round leads and members of the lead deal rooms who have “view companies and create funding rounds” or higher companies access. Access of deal room members (private mode) and visibility of information about indicated interests (to the company and other deal rooms) can be configured separately in each deal room that has joined the funding round by members who have “view companies and create funding rounds” or higher companies access.
You can learn more about company's access to the funding round here.
To edit the funding round details properties after the round has been created, click on "Edit details".
If private mode has been activated for a funding round, then the Funding discussion with the company, Participants discussion, funding round documents, and funding round participants list are visible only to funding round participants and members of participating deal rooms who have “view companies and create funding rounds” or higher companies access. Others who can see the company’s application in the deal room can only see the name(s) of the round lead(s) and can request to join the funding round. They will have to be approved by a round lead or member of a lead deal room who has “View companies and create funding rounds” or higher companies access in that deal room.
Each funding round has:
A section for storing and sharing funding round documents (also visible in the "Documents" tab on the company application). Funding round documents can optionally be shared with the company as well.
Funding discussion with the company where users who have access to the funding round can have a group conversation with the company (this discussion is available only when the company's role is “Observer” or “Round lead”).
Participants discussion where users who have access to the funding round can discuss the funding round internally as Participants discussion is not visible to the company.
An activity log that is visible to the round leads and members of the lead deal rooms who have “view companies and create funding rounds” or higher companies access. All the emails sent to funding round participants are visible in the funding round’s activity log. In the activity log, you can also see when someone has indicated, updated or removed their own or other member's funding interest and the remove reason (if available).
You can also learn about funding rounds from this video.
If you want your members to no longer be able to mark interest in a specific funding round, you should change the round status to closed. To do that:
navigate to the funding tab on the application related to the round
click on "Edit details"
mark the round status as "Closed" in the dialogue that opens
save the changes by clicking on "Update"
If you don’t have the round lead rights, you should ask a user with the round lead rights to change the round status.
Please note that you cannot prevent members from marking funding interest on applications that you have not created a funding round for.
To allow/request companies to create a funding round when applying to the deal room:
go to deal room settings
open the Preferences tab
click on Funnel in the Setup section
open the application link properties dialogue of the funnel step where you want to allow/request companies to apply with a funding round
choose "Required" or "Optional" for "Company can start a funding round"
click "OK"
click "Save" at the bottom of the window
Please note that when the funding round is created by the company, the company will have the round lead rights for that funding round.
In such case, the company should submit a new application to the deal room and you can create a new funding round for the new application.
Alternatively, you can create a duplicate of the application they have previously submitted to your deal room. For that:
open the "All actions" menu of the company application you want to create a duplicate of
choose "Duplicate"
choose if you want the duplicate application to have the same tags and tasks/assignees as the original application
click "Duplicate"
You can then create a funding round on the new application and move the application through your funnel according to your usual process. The company will be able to see and edit the duplicate application you create (unless it has been locked for changes by your deal room) and you can make the funding round information visible to the company if you wish.
How to prevent members from marking interest in a funding round?
How to allow/request companies to create a funding round when applying to the deal room?
What to do when a company that is already in the deal room wants to open another funding round with members of the same deal room?
How to manage a funding round in the deal room? / How funding rounds work?
How to create a funding round?
A funding round can be created for a company application by a deal room member who has at least "view companies and create funding rounds" or higher companies access or a deal room member who has been set as the round lead in the Funding tab of a specific company application. You can also let companies create a funding round while applying to the deal room.
To create a funding round:
locate and open the company application in the deal room you want to create a funding round for
open the Funding tab
click on "Create funding round"
Funding round details and properties
The following can be configured for each funding round:
Funding type – equity/convertible note/SAFE/loan/other/unknown.
Primary currency – this is for informative purposes only, the round target and marked interest are shown in the deal room’s primary currency in the Funding tab.
Round target – used to show funding round progress.
Additional information – any information or description for funding round participants
Round terms – whether investors are required to agree to any terms when joining the funding round and what those terms are.
Round status – open/closed.
Role of the company – excluded/observer/round lead.
Private mode – used to limit access of deal room members who are not funding round participants and don’t have “view companies and create funding rounds” or higher companies access.
Participant information shared with the company – how much information about your deal room members who participate in the funding round is shared with the company (applicable only when the role of the company is “Observer”).
Participant information shared with other deal rooms – how much information about your deal room members who participate in the funding round is shared with other deal rooms that are participating in the funding round.
If investors are required to agree to the terms of the funding round, they are not able to add their funding interest without ticking the corresponding checkbox in the dialogue that opens after they click on “Mark my interest”.
The listed funding round properties can be configured by the round leads and members of the lead deal rooms who have “view companies and create funding rounds” or higher companies access. Access of deal room members (private mode) and visibility of information about indicated interests (to the company and other deal rooms) can be configured separately in each deal room that has joined the funding round by members who have “view companies and create funding rounds” or higher companies access.
You can learn more about company's access to the funding round here.
To edit the funding round details properties after the round has been created, click on "Edit details".
Private mode
If private mode has been activated for a funding round, then the Funding discussion with the company, Participants discussion, funding round documents, and funding round participants list are visible only to funding round participants and members of participating deal rooms who have “view companies and create funding rounds” or higher companies access. Others who can see the company’s application in the deal room can only see the name(s) of the round lead(s) and can request to join the funding round. They will have to be approved by a round lead or member of a lead deal room who has “View companies and create funding rounds” or higher companies access in that deal room.
Funding round features
Each funding round has:
A section for storing and sharing funding round documents (also visible in the "Documents" tab on the company application). Funding round documents can optionally be shared with the company as well.
Funding discussion with the company where users who have access to the funding round can have a group conversation with the company (this discussion is available only when the company's role is “Observer” or “Round lead”).
Participants discussion where users who have access to the funding round can discuss the funding round internally as Participants discussion is not visible to the company.
An activity log that is visible to the round leads and members of the lead deal rooms who have “view companies and create funding rounds” or higher companies access. All the emails sent to funding round participants are visible in the funding round’s activity log. In the activity log, you can also see when someone has indicated, updated or removed their own or other member's funding interest and the remove reason (if available).
You can also learn about funding rounds from this video.
How to prevent members from marking interest in a funding round?
If you want your members to no longer be able to mark interest in a specific funding round, you should change the round status to closed. To do that:
navigate to the funding tab on the application related to the round
click on "Edit details"
mark the round status as "Closed" in the dialogue that opens
save the changes by clicking on "Update"
If you don’t have the round lead rights, you should ask a user with the round lead rights to change the round status.
Please note that you cannot prevent members from marking funding interest on applications that you have not created a funding round for.
How to allow/request companies to create a funding round when applying to the deal room?
To allow/request companies to create a funding round when applying to the deal room:
go to deal room settings
open the Preferences tab
click on Funnel in the Setup section
open the application link properties dialogue of the funnel step where you want to allow/request companies to apply with a funding round
choose "Required" or "Optional" for "Company can start a funding round"
click "OK"
click "Save" at the bottom of the window
Please note that when the funding round is created by the company, the company will have the round lead rights for that funding round.
What to do when a company that is already in the deal room wants to open another funding round with members of the same deal room?
In such case, the company should submit a new application to the deal room and you can create a new funding round for the new application.
Alternatively, you can create a duplicate of the application they have previously submitted to your deal room. For that:
open the "All actions" menu of the company application you want to create a duplicate of
choose "Duplicate"
choose if you want the duplicate application to have the same tags and tasks/assignees as the original application
click "Duplicate"
You can then create a funding round on the new application and move the application through your funnel according to your usual process. The company will be able to see and edit the duplicate application you create (unless it has been locked for changes by your deal room) and you can make the funding round information visible to the company if you wish.
Updated on: 02/06/2023
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