Cap Table Waterfall Calculator
Analyze exit scenarios, understand liquidation preferences, and visualize how proceeds are distributed across stakeholders.
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Why choose CaptableWaterfall.ai
Everything you need to model exit scenarios and understand equity distribution.
Waterfall Analysis
Visualize how exit proceeds flow through liquidation preferences, participation rights, and pro-rata distributions.
Exit Scenario Modeling
Model multiple exit valuations and instantly see how each stakeholder's payout changes.
Liquidation Preferences
Handle 1x, 2x, or custom multiples with participating and non-participating preferred structures.
Breakpoint Analysis
Identify critical exit values where distribution dynamics change — conversion points, catch-up thresholds.
Option Exercise Analysis
Determine in-the-money options, cashless exercise scenarios, and dilution impact at any exit value.
Audit-Ready Exports
Export waterfall analyses, cap tables, and distribution charts to PDF and Excel for board and investor reporting.
3 steps to waterfall clarity
From cap table to exit analysis in minutes, not days.
Enter Your Cap Table
Input shareholders, share classes, liquidation preferences, and option pools. Import via spreadsheet or enter manually.
Model Exit Scenarios
Set an exit valuation and our engine calculates the full waterfall — preferences, conversions, and pro-rata splits.
Visualize & Export
See interactive charts showing how proceeds flow to each stakeholder. Export audit-ready reports for your board.
Simple, transparent pricing
Choose the plan that fits your needs. No hidden fees.
Basic
- Waterfall analysis engine
- Up to 2 preferred stock classes
- PDF export
- Single exit scenario
- Email support
Most Popular
Professional
- Up to 3 preferred stock classes
- PDF & Excel export
- Breakpoint analysis
- Multiple exit scenarios
- Audit log
- Priority email support
Scale-up
- Unlimited share classes
- PDF & Excel export
- Breakpoint analysis
- Unlimited exit scenarios
- Full audit log
- API access
- Priority support
Trusted by finance teams
“CaptableWaterfall.ai made our Series B negotiations so much clearer. Both founders and investors could see exactly how different terms would affect payouts.”
“We use it before every board meeting to model exit scenarios. The breakpoint analysis is incredibly valuable for strategic decisions.”
“Finally a tool that handles participating preferred and multiple liquidation preferences correctly. Our lawyers were impressed.”
Why teams choose us
Built by financial engineers who understand the complexity of multi-class equity structures. Our platform combines deep cap table expertise with intuitive modeling to deliver clear, defensible results.
- Handles complex multi-class structures
- Participating & non-participating preferred
- Real-time breakpoint calculations
- Board-ready visualization & charts
- Supports carve-outs & transaction adjustments
- Used by founders, investors & lawyers
10,000+
Exit Scenarios Modeled
Trusted by startups and investors to model complex waterfall distributions with confidence.
Our team's background
Credentials you can trust
Our team brings hands-on experience from top-tier financial institutions and Ivy League business schools.
Investment Banking
Big Four Audit & Advisory
Ivy League Business School
Global Investment Bank
Venture Capital
Ready to understand your exit scenarios?
Model waterfall distributions, visualize liquidation preferences, and make informed decisions about your equity.