One record for the whole round
A first raise usually lives in six places at once: the ask in a deck, the valuation in a spreadsheet, the investor list in a notes app, the tax relief question in an email thread. Round Management gives the raise a single record, with a status you can act on, and that record is what the rest of Vanelo reads from.
What a round is on Vanelo
You open a round when you decide to raise. It holds the terms you are raising on, the money you are asking for, what that money is for, and what you have raised before. It carries a status through the raise, so at any point there is one honest answer to the question every advisor and every investor opens with: where are you with this round?
Nothing here assumes you have done this before. The round is a set of fields to fill in, not a model to build, and you can open it in Draft and keep changing your mind about the numbers until you are ready to raise on them.
It is also the thing the platform works against. The Valuation Engine takes your numbers as its starting point, and the investor database builds your target list around what your round is actually asking for.
What one round holds
Funding ask and currency. Pre-money valuation and the equity offered for it. Use of funds. Previous raises. Whether the round is offered with SEIS or EIS tax relief.
And a status: Draft, Active, Completed or Abandoned. Four states, so the round is never in an in-between one you have to explain.
What round management does for you
Four jobs, all of them the kind of admin that quietly eats a first raise if nothing is holding it.
A status you can act on
Draft, Active, Completed and Abandoned. The status says whether you are still shaping the round, out raising it, finished, or have called it off, and it moves when the raise moves rather than when you remember to update a document.
Terms in one place
Funding ask, currency, pre-money valuation and equity offered sit together on the round. The three numbers that have to agree with each other are held in the same record instead of three different files.
Use of funds and history
Set out how the money is allocated, record what you have raised before, and mark whether the round is offered with SEIS or EIS tax relief. These are the first follow-up questions of most investor conversations, answered in advance.
Feeds the rest of the raise
The round is the input to the Valuation Engine, the reference point for your matched investor list, and the raise your data room and pipeline are built around.
The four states, and what each one means
Draft
The round is being put together. Nothing in it has to be final, so this is where you argue with yourself about the ask, try a pre-money against the equity you are willing to give up, and write the use of funds properly rather than roughly.
Active
The round is the one you are raising now. This is the round your target list, your data room shares and your pipeline stages are working on, and the terms in it are the terms you are putting in front of investors.
Completed
The raise is done. The round stops being the thing you are working and becomes part of the history you raise your next one on, which is what the previous raises field on a round is for.
Abandoned
The raise stopped before it completed. Rounds get called off, and the honest state is a better record than a round left permanently Active. Marking it abandoned keeps the record straight for the next one.
The fields a round carries
Funding ask and currency. How much you are raising, in the currency you are raising it in.
Pre-money valuation and equity offered. What you say the business is worth before the money goes in, and the share of it you are offering for the ask. These two are the terms of the round.
Use of funds. How the money is allocated once it lands. It is the part first-time founders most often leave vague, and the part an investor reads most closely.
Previous raises. What has already gone into the business. New money is priced partly on what came before it.
SEIS or EIS tax relief. Whether the round is offered with tax relief, recorded on the round rather than answered again in every conversation.
The round feeds the platform
Your pre-money and equity offered are a position. The Valuation Engine tests that position with three methodologies, Scorecard, Berkus and Venture Capital, and gives you a defensible range to hold it against rather than a single recommended figure.
Your ask is also what an investor's cheque has to be compatible with. The automated target list matches on three tests: stage, sector and ticket compatibility, drawn from 1,389 investor records.
From there the round moves through the eight-stage pipeline, from Target to Funds Committed, on the same record you opened in Draft.
Where it sits in the raise
Round Management is the first of the seven tools because everything else needs a round to point at. Score that round with the Investability Assessment, price it with the Valuation Engine, put the deck and the legal documents behind a data room with per-recipient access and an access log, then take it to matched investors, or take it public as a Showcase campaign that Vanelo reviews before it goes live to verified investors in Deal Discovery.
Open your first round
Create an account, open a round in Draft, and get the ask, the valuation and the use of funds into one record before you speak to anyone. Cancel any time.
Create your accountFounder subscription is £25.99 per month. Questions first? Email hello@vanelo.io. PitchHub Ltd, Alpha Works, 21st Floor, Alpha Towers, Suffolk Street Queensway, Birmingham B1 1TT.