Financing Round Parameters
Convertible Note & SAFE Investors
Instrument types come from the investor records. Pre-money and post-money SAFEs use the same simplified formula; guaranteed post-money ownership percentages are not modelled. Interest applies only to convertible notes, using the holding period stored in the record.
Scenario instrument: SAFE (Post-Money)
Scenario instrument: Convertible note · Holding period: 14 months
Post-Money Valuation21.11M €18.305.064 Total Shares
Founders Post-Round54.63%-45.37% Dilution
Series A Share Price1.153 €4.0M € New Cash
Converted Capital2.10M €inkl. 105.000 € Interest
Fully Diluted Cap Table Post-Financing
| Stakeholder | Invested Capital | Share Price | Shares | Ownership |
|---|---|---|---|---|
| Founders & Common Shareholders | - | - | 10.000.000 | 54.63% |
| Angel Syndicate (Early SAFE)Cap: 5.0M € · Cap gegriffen | 500.000 € | 0.500 € | 1.000.000 | 5.46% |
| Strategic CVC / Lead Venture (Kombi-Wandeldarlehen)Cap: 8.0M € · Cap gegriffen | 1.605.000 € | 0.800 € | 2.006.250 | 10.96% |
| Series A Lead Investor | 4.000.000 € | 1.153 € | 3.468.308 | 18.95% |
| Unallocated ESOP / Option Pool | - | 1.153 € | 1.830.506 | 10% |
Executive Financing Insights
- •Verwässerung der Gründer: Gründeranteil sinkt von 100,00% auf 54.63% (Gesamtverwässerung: 45.37%).
- •Wandlungsmechanik (Valuation Cap): Frühphasen-SAFE wandelt bei Cap-Vorteil und sichert 16.42% des Unternehmens für 2.105.000 € Bruttokapital.
- •Option Pool (ESOP): 10% nachgelagerter Mitarbeiterpool erzeugt 1.830.506 neue Anteile ohne Vorab-Belastung der Gründerquote vor SAFE-Wandlung.
- •Post-Money Bewertung: Vollständig verwässerte Bewertung nach Series A und Wandlung beläuft sich auf 21.111.230 € bei 18.305.064 Stammanteilen.
- •GmbH-Wandlungsrecht: Deutsches Wandeldarlehen akkreditiert 105.000 € Zinsaufwand zur steuerneutralen Eigenkapitalerhöhung im Handelsregister.
Executive Cap Table Dossier & Export
# AME STRATICON · EXECUTIVE CAP TABLE DOSSIER
## Corporate Venture Capital (CVC) & SAFE / Convertible Note Financing
**Date:** 2026-10-06 | **Status:** Scenario model, not externally audited | **Series A Pre-Money:** 15.0M €
**Model limitation:** Pre-money and post-money SAFEs use the same simplified formula. Guaranteed post-money ownership percentages and contract-specific capitalisation definitions are not modelled. Interest applies only to convertible notes using the stored holding period. Contract terms and the capitalisation basis require separate review.
---
### 1. Financing round overview (Series A term sheet)
- **Pre-money valuation:** 15,000,000 €
- **New Series A equity (cash):** 4,000,000 €
- **Post-money valuation (fully diluted):** 21,111,230 €
- **Series A issue price per share:** 1.1533 €
- **Option Pool (ESOP) post-financing:** 10%
---
### 2. SAFE and convertible note conversion
- **Converted principal:** 2,000,000 €
- **Accrued interest:** 105,000 €
- **Gross converted capital:** 2,105,000 €
---
### 3. Post-financing cap table (fully diluted)
| Stakeholder / tranche | Invested (€) | Shares | Ownership (%) |
| :--- | :--- | :--- | :--- |
| Founders & Common Shareholders | - | 10,000,000 | 54.63% |
| Angel Syndicate (Early SAFE) | 500,000 € | 1,000,000 | 5.46% |
| Strategic CVC / Lead Venture (Kombi-Wandeldarlehen) | 1,605,000 € | 2,006,250 | 10.96% |
| Series A Lead Investor | 4,000,000 € | 3,468,308 | 18.95% |
| Unallocated ESOP / Option Pool | - | 1,830,506 | 10% |
---
### 4. Founder dilution and sensitivity matrix
| Scenario pre-money (€) | Founders (%) | SAFE / Notes (%) | Series A Lead (%) | ESOP (%) |
| :--- | :--- | :--- | :--- | :--- |
| 10.5M € | 50.11% | 15.06% | 24.83% | 10% |
| 12.8M € | 52.67% | 15.83% | 21.49% | 10% |
| 15.0M € | 54.63% | 16.42% | 18.95% | 10% |
| 18.0M € | 56.62% | 17.02% | 16.36% | 10% |
| 22.5M € | 58.75% | 17.66% | 13.58% | 10% |
---
### 5. Strategic M&A and venture notes (original model language)
- Verwässerung der Gründer: Gründeranteil sinkt von 100,00% auf 54.63% (Gesamtverwässerung: 45.37%).
- Wandlungsmechanik (Valuation Cap): Frühphasen-SAFE wandelt bei Cap-Vorteil und sichert 16.42% des Unternehmens für 2.105.000 € Bruttokapital.
- Option Pool (ESOP): 10% nachgelagerter Mitarbeiterpool erzeugt 1.830.506 neue Anteile ohne Vorab-Belastung der Gründerquote vor SAFE-Wandlung.
- Post-Money Bewertung: Vollständig verwässerte Bewertung nach Series A und Wandlung beläuft sich auf 21.111.230 € bei 18.305.064 Stammanteilen.
- GmbH-Wandlungsrecht: Deutsches Wandeldarlehen akkreditiert 105.000 € Zinsaufwand zur steuerneutralen Eigenkapitalerhöhung im Handelsregister.
*Created with the AME STRATICON CVC & SAFE Financing Simulator. Not legal or tax advice.*
Methodology & VC Standards
How does the Valuation Cap function in SAFE conversions?
The model divides the entered pre-money valuation and valuation cap by the existing founder shares. The lower of the discounted base price and cap price determines the conversion price. Contract-specific definitions of the capitalisation basis are not modelled separately.
Which SAFE differences does this model represent?
Pre-money and post-money SAFEs use the same simplified formula here. Guaranteed post-money ownership percentages and differences between specific SAFE contracts are not modelled. The calculator applies interest only to convertible notes. Review the contract terms and capitalisation basis separately before making a financing decision.
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