SAFE Conversion Calculator
Enter your SAFE terms and the next priced round. We compute the cap price and discount price, pick whichever gives the SAFE holder more shares, and show ownership after the round.
Your numbers
- Conversion pricevaluation cap applies
- $0.45
- Round price per share
- $0.9
- SAFE value at round price
- $1000K
- Post-money valuation
- $12M
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 →Ownership after the round
| Holder | Shares | Ownership |
|---|---|---|
| Existing holders | 10,000,000 | 75% |
| SAFE holder | 1,111,111 | 8.33% |
| New investors | 2,222,222 | 16.7% |
| Total | 13,333,333 | 100% |
The formula, in plain English
- Cap price = Valuation cap ÷ Company capitalization
- Discount price = Round price per share × (1 − Discount %)
- Conversion price = MIN(Cap price, Discount price); Shares = Investment ÷ Conversion price
- Post-money SAFE ownership = Investment ÷ Post-money cap (locked at signing)
Frequently asked questions
What is the difference between a pre-money and post-money SAFE?
In a post-money SAFE the holder's ownership is fixed at signing (investment ÷ post-money cap), so all the dilution from later SAFEs falls on founders. In a pre-money SAFE, SAFE holders dilute each other.
Does the cap or the discount apply?
Whichever gives the investor the lower price per share, and therefore more shares. Caps usually win when the round is priced well above the cap.
When does a SAFE convert?
At the next priced equity round, or on a sale or IPO. A SAFE has no interest and no maturity date, unlike a convertible note.
Results are estimates for planning and education — not financial, legal or tax advice.