Cap Table Round Modeller
List your current shareholders, then model a priced round. Investors normally require the option pool to be topped up before they invest (the 'pool shuffle'), which lowers the effective pre-money.
Your numbers
| Holder | Shares | |
|---|---|---|
- Investor shares
- 2,714,286
- New pool shares
- 857,143
- Post-money valuation
- $15M
- Fully-diluted shares after
- 13,571,429
Fund Force runs an AI analysis of your market and matches you with investors, accelerators and grants that fit your stage and sector.
Get matched with Fund Force →Cap table before and after
| Holder | Shares before | % before | Shares after | % after |
|---|---|---|---|---|
| Founder A | 4,500,000 | 45% | 4,500,000 | 33.2% |
| Founder B | 3,500,000 | 35% | 3,500,000 | 25.8% |
| Angels | 1,000,000 | 10% | 1,000,000 | 7.37% |
| Granted options | 500,000 | 5% | 500,000 | 3.68% |
| Option pool | 500,000 | 5% | 1,357,143 | 10% |
| New investor | 0 | 0% | 2,714,286 | 20% |
The formula, in plain English
- Price per share = Pre-money ÷ Pre-money fully-diluted shares (incl. new pool)
- Investor shares = Investment ÷ Price per share
- Effective pre-money = Stated pre-money − New pool value
Frequently asked questions
What is the option pool shuffle?
When investors require the pool to be created or enlarged as part of the pre-money valuation. The new pool shares dilute existing holders only, so the effective pre-money is lower than the headline.
What does fully diluted mean?
All issued shares plus all options, warrants and the unallocated pool, as if everything were exercised.
How big should the option pool be?
Enough to cover planned hires until the next round — often 10–15% after a seed or Series A. Bring a hiring plan to negotiate a smaller pool.
Results are estimates for planning and education — not financial, legal or tax advice.