Transaction types:

To add a new transaction simply click on Add new event button (from the Transactions page or from your Cap table page) and select the type of transaction you want to add.

You can also see a short video description below

These are the transaction types you can choose from this screen, and each will be explained individually below:

  • Round > Equity - use this to record an equity financing round for 2 or more investors
  • Round > Convertible notes - use this to record a convertible round
  • Round > SAFE/ASA - use this to record a financing round done through SAFE or ASA instruments
  • Issue shares - use this to record the issuing a shares to a single investor
  • Option pool - use this to record the creation of an Option pool to be issued for rewarding employees
  • Valuation - use this to record a valuation your company has had

Round - Equity

ROUND DETAILS

  • Investment instrument: Equity
  • Round name - Name of the financing event (Series A, Seed, etc)
  • Round date - Date when the shares were issued to the investors
  • Pre-money valuation - What was the pre-money valuation agreed upon when the investment took place (pre-money valuation = number of issued shares * valuation share price)
  • Valuation Share Price - What was the agreed upon price per share (this is the price that will be used to issue a post money valuation event).

STAKEHOLDER DETAILS

  • Stakeholder name - Name of the stakeholder who is going to be issued a convertible note. Can be already created or you can create a new one.
  • Number of shares - Number of shares stakeholder received for the invested amount
  • Amount invested - Amount of money investor paid for their shares
  • Price paid / share - Personal price per share - this can be different than the 'valuation share price' because certain discounts may apply

Note:

  • When adding an equity round event there will be 1 valuation transaction generated and X issue share transactions generated where X is the number of distinct stakeholders investing in the equity round 

Round - Convertible note

Convertible rounds refer to a type of fundraising round in which investors provide capital to a company in exchange for convertible securities. These securities have the ability to be converted into equity (common stock) at a later stage, usually during a future financing round or upon the occurrence of specific events, such as an acquisition or IPO. To record a convertible note round on Nimity, fill in the following:

ROUND DETAILS

  • Round name - Name of the Round
  • Round date - Date of round

STAKEHOLDER DETAILS:

  • Stakeholder - name of the stakeholder owning a convertible note
  • Invested amount - amount of money in the company's currency that was invested by the stakeholder
  • Maturity date - the date at which the convertible must be converted into common shares
  • Discount  - the discount applied to the share price when converting the convertible
  • Valuation cap - the maximum valuation of the company at which the convertible derives its conversion price
  • Valuation floor - the minimum possible company valuation at which the convertible derives its conversion price
  • Interest - the percentage value of the interest
  • Interest start date - date when the interest starts accruing
  • Compound interest - toggle ON for compounding interest
  • Pay interest back - toggle ON to reflect that the interest will be paid back in the form of cash


Note:

  • When adding an convertible note round event there will be X convertible notes  transactions generated where X is the number of distinct stakeholders investing in the convertible round 

Round - SAFE

A SAFE is essentially an agreement between an investor and a company, where the investor provides funding to the company in exchange for the right to receive equity in the future, typically upon a future equity financing round or a specific triggering event. Unlike convertible notes, SAFEs do not accrue interest. To record da SAFE/ASA round on Nimity, fill in the following fields:

ROUND DETAILS

  • Round name - Name of the Round
  • Round date - Date of round

STAKEHOLDER DETAILS:

  • Stakeholder - name of the stakeholder owning a convertible note
  • Invested amount - amount of money in the company's currency that was invested by the stakeholder
  • Discount  - the discount applied to the share price when converting the convertible
  • Valuation cap - the maximum valuation of the company at which the convertible derives its conversion price
  • Valuation floor - the minimum possible company valuation at which the convertible derives its conversion price


Note:

  • When adding an SAFE/ASA  round event there will be X  SAFE/ASA transactions generated where X is the number of distinct stakeholders investing in the convertible round 

Issue shares

  • Stakeholder name  - name of the stakeholder that was issued shares (can be selected from the current list of stakeholders or can be created)
  • Date - Date when the shares were issued
  • Number of shares - Number of shared received by stakeholder for the invested amount
  • Share class- The share class that was issued to the investor
  • Invested amount - The amount invested for their shares, recorded in your company's currency

Option pool

Option pools, also known as employee stock option pools or equity pools, refer to a designated portion of a company's shares set aside for granting stock options to employees, consultants, advisors, or other individuals as part of their compensation package. These options give recipients the right to purchase company stock at a predetermined price, typically referred to as the exercise price or strike price. To be able to start granting options to your team you must first create an option pool by filling in the following:

POOL DETAILS:

  • Pool name - Name of the option pool (how would you like it to be displayed on your cap table)
  • Pool creation date - Date when it was created / approved by the board of directors
  • Pool size - Amount (how big the pool of equity is)
  • Share class options - Share class of promised shares

POOL SETTINGS:

  • Recycle terminated options (what happens to the options that have been terminated due to employees leaving, etc. should they get recycled back in the pool, or not)
  • Recycle expired options (what happens to the options that have expired (have not been exercised in time) should they get recycled back in the pool, or not)

NOTE:

  • after creating your Option Pool you will be able to create a grant to your employees from the "Option Pool" page, by clicking on the "Create grant" button

Valuation

Read about adding a valuation here.