Easier to Audit
Excel doesn't have 'track changes' like a Word Document, so an Excel cap table can be difficult to audit over time. Someone needs to remember to update the Excel after documents are signed, and if something gets missed it can be painful to reconcile later.
ClosingWell logs every change to your cap table, making it easy to track everything in one place.
Tied to Legal Documents
Excel cap tables can get out of sync with the underlying legal docs, which are ultimately the source of truth for the cap table.
In ClosingWell, every number in your cap table is inextricably tied to the underlying legal docs.
Automated Document Drafting
Drafting incentive award letters can be tedious and costly. ClosingWell can turn your standard legal docs into reusable templates, collect eSignatures, and automatically update the cap table once documents are fully executed.
Portfolio companies that use ClosingWell have saved $30k - $100k+ per year in legal fees.
Automated Waterfalls
Building, updating, and auditing Excel waterfall models can be time consuming and stressful.
ClosingWell can run complex waterfall scenarios automatically that are easy to audit.