Private beta · accepting founders now

Raise smarter.
Run your equity
like a pro.

One platform for the whole raise — a secure data room, an AI that drills your pitch on your real numbers, your cap table and investor comms. Built by a founder who's been on both sides of the table.

Apply for early accessSee how it works
Data roomAI investorCap tableInvestor comms
Acme Robotics · Series A roomIllustrative
DData room14 docs
UInvestor update #4Sent · 38 opens
QOpen Q&A3
Raised
$2.4M
Investors
42
DD score
71
Built in AustraliaYour data stays onshoreBank-grade encryptionWatermarked documents
How it works

From a folder of documents to a closed round.

The whole journey — the same room, the same documents, the same investors, end to end.

1
Set up your room

Drop your documents into folders.

Organise everything an investor will ask for — financials, legal, cap table, product, team — in a structure they'll recognise instantly.

FoldersDrag & dropVersioning
Acme Robotics — data room
Financials
Legal
Cap table
Product
Team
XLSFinancial model.xlsx2.1 MB
PDFPitch deck v6.pdf8.4 MB
PDFCohort analysis.pdf1.2 MB
XLSRevenue by month.xlsx640 KB
2
Sanity check

Make sure your numbers agree with each other.

Before anyone sees the room, the AI cross-reads your documents and flags where they contradict — so investors never catch it first.

DD Sanity CheckConsistencyPrepare plan
Sanity check — Acme Robotics
Consistency review 2 to fix
ARR mismatch. Deck slide 8 shows $320k; financial model shows $287k.
Headcount gap. Team page lists 11; model assumes 9 from Q3.
Cap table reconciles with the SAFE schedule. No action.
3
The Mum Test

Read your pitch the way an outsider will.

A readiness score plus the plain-English questions a smart non-expert would ask — the gaps you're too close to see.

Readiness scoreMum TestAI investor
Mum Test — readiness
71
Business model
Financials
Team
GTM
Questions you haven't answered
"How do you actually find your first 100 customers?"
"Why won't an incumbent just build this?"
4
Invite investors

Invite the round — behind an NDA.

Send a private invite, choose exactly what each investor can see, and require a signed NDA before the room opens. The signed copy is stored for you.

InvitesNDA gatingPermissions
Invite investor
Email
s.chen@blackbird.vc
Financials ✓Pitch deck ✓Cap table — hidden
Require NDA before accessOn
Send invite
5
Investors review

They sign once, then read — watermarked.

Your investor signs the NDA and opens the documents. Every page is watermarked to them, and you see exactly what they viewed and for how long.

WatermarkingView trackingInvestor view
Investor view — Sarah Chen
PDFPitch deck v6watermarked · opened 41×
XLSFinancial modelwatermarked · 18 min
PDFCohort analysisopened 6×
Sarah Chen spent 18 min in the financial model — your warmest lead this week.
6
Questions & answers

They ask in context. You answer in a thread.

Investors raise questions against a category — "under Financials…" — and your answer stays threaded to it. Everyone sees one clean, searchable record instead of scattered emails.

Scoped Q&AThreadedSearchable
Q&A
Financials
What's driving the jump in ARR from October to November?
Sarah Chen · Blackbird · 2 days ago
Two enterprise contracts signed in November (~$33k combined ARR). Updated model is in the room — slide 8 of the deck is being corrected to match.
You · 1 day ago · resolved
7
Model your equity

See where you are — then play with scenarios.

Start from your real cap table today, then model a new round, a bigger option pool, or a different valuation, and watch the dilution update live.

Equity calculatorScenariosDilution
Equity calculator
Founders · 62%
SAFE investors · 14%
ESOP pool · 10%
Angels · 14%
New round$2.0M at $10M pre
Founders after
51.6%
New investor
16.7%
Post-money
$12M
8
Close & issue

Issue certificates. See your diluted capital.

Round closed: issue signed share certificates with a QR anyone can verify, and read your fully-diluted cap table — the single source of truth from here on.

CertificatesQR verifyFully diluted
Certificates & cap table
Share certificate
Acme Robotics Pty Ltd · No. ER-0042
120,000 ordinary shares
Sarah Chen · issued 14 Jun 2026 · scan to verify
Founders51.6%
Series A (new)16.7%
SAFE (converted)11.8%
ESOP pool10.0%
Angels9.9%
The data room

A due-diligence room investors respect.

Not a shared Drive folder. A purpose-built room where every document is tracked, protected and permissioned — so you look as buttoned-up as the deal deserves.

Watermarking & download control

Every download is watermarked with the viewer's identity the moment they open it — never pre-generated.

View & engagement tracking

See who opened what, when and for how long. Know which investors are warm before you follow up.

NDA gating, signed & stored

Require an NDA before access; the signed text is captured and held as a tamper-evident record.

Granular permissions

Per-investor, per-group and per-folder access. Open the financials to some, hold the cap table from others.

Investor Q&A, in context

Questions and answers threaded against the room, scoped and searchable — not lost in email.

Safe by default

Macros stripped on upload, modern file types only, encrypted onshore storage, full audit log.

Acme Robotics — data room
Financials
Legal
Cap table
Product
Team
XLSFinancial modelwatermarked· 24 views
PDFPitch deck v6watermarked· 41 views
PDFCohort analysisrestricted · 6 views
DOCTerm sheetNDA required
Sarah Chen (Blackbird) viewed Financial model · 8 min ago
The AI, grounded in your room

Meet the toughest investor before the real one.

Because it reads the documents already in your data room, the AI investor quotes your real numbers — and catches the gaps a sharp VC would.

Your documents never leave our servers to power it: embeddings run onshore, on our own infrastructure. The AI sees your room; the internet doesn't.

AI investor · Series A persona
Your deck shows $320k ARR on slide 8, but the financial model says $287k. Which is right — and what explains the gap?
↑ reading: Pitch deck v6 · Financial model.xlsx
The deck was last updated in October. We signed two enterprise deals in November — current ARR is $320k.
Good — then update slide 8 before you send this. An investor who spots the mismatch assumes the lower number. Want me to push on the November cohort retention next?

AI Investor

Pitch live against an AI VC or angel that knows your documents. Two personas, your real numbers.

Raise plan

DD Sanity Check

Scores your data room for due-diligence readiness and flags what's missing before outreach.

Prepare plan

The Mum Test

Reads your pitch the way a smart outsider would — the plain-English questions you forgot to answer.

Raise plan

Pitch Coach

Practise delivery out loud with browser-native voice and get coaching on pace, clarity and answers.

Raise plan
Equity calculator
Model dilution, new rounds and option pools before you commit.
After the round

Your equity, kept clean for the long run.

The raise is a moment. The cap table is forever. EquityRoom keeps both honest.

Cap table & SAFEs

A live, fully-diluted cap table — shareholders, share classes, holdings and transactions, with SAFEs that convert when the round lands.

Share classesSAFEsTransfers

ESOP & option plans

Issue option grants, set vesting schedules and keep employee and advisor equity clean from the first hire onward.

VestingOption poolsAdvisors

Share certificates

Generate signed PDF certificates with a public QR verification page — proof of ownership your shareholders can rely on.

PDFQR verify

Investor & shareholder comms

Compose updates from templates, send to the right list, and track opens, replies and bounces — with an investor portal and one-click unsubscribe.

TemplatesDelivery trackingPortal

One source of truth

Investors, documents, equity and conversations all reference the same records — no more reconciling four tools.

StakeholdersAudit log

Equity calculator

Model dilution, new rounds and option pools before you commit, with scenarios saved for later.

DilutionScenariosSAFEs
For investors

Invited to a room? Here's what you get.

When a founder shares their raise on EquityRoom, due diligence stops being a mess of email attachments and chase-up calls.

One secure place to review — the deck, the model, the cap table and the legals, always the current version.

Sign the NDA once and get clean access — no back-and-forth, no re-sending.

Ask questions in context and get answers tied to the documents, not buried in a thread.

Stay in the loop after you invest — investor updates and a portal with the latest numbers.

Verifiable certificates — scan the QR on any share certificate to confirm it's genuine.

Log in to your roomNot invited yet? See how it works →
Acme RoboticsNDA signed
Latest update
November — two enterprise deals signed
ARR $320k · runway 14 months · hiring 2 engineers
Shared with you
PDFPitch deck v6XLSFinancial modelPDFCap tableDOCSAFE
Early access

Join the founding cohort.

We're onboarding a small group of Australian founders during our private beta. Apply below and we'll be in touch within 48 hours.

No credit card. We'll review your application and get back to you within 48 hours.

✅

Application received

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TG
Why I built it

I've sat on both sides of the table — and neither side was being served.

As a founder, I raised with the usual duct-tape stack: a data room in one tool, a cap table in a spreadsheet, updates in a mailing list, and a pitch I only really stress-tested in the room, in front of the person writing the cheque.

Then I started looking at deals from the other side. The founders I wanted to back kept tripping on the same avoidable things — numbers that didn't reconcile across documents, a cap table nobody could read, updates that went quiet the moment things got hard.

EquityRoom is the system I wanted in both chairs: one place to run the raise and manage the equity, with an AI that asks the hard questions before a real investor does. Built in Australia, for how Australian founders actually raise.

TimFounder, EquityRoom

Your next raise deserves better than a Drive folder.

We're onboarding a small group of Australian founders during private beta — apply and we'll be in touch within 48 hours.

Apply for early access