Key takeaways
- Planned for after the first release, inside the founder's fundraising CRM.
- The lifecycle runs Prepare, Target list, Outreach, Meetings, Lead and terms, Diligence, Close.
- Committed against target is shown as a progress bar in the round's currency.
- The closing checklist changes with the instrument.
- It tracks steps. It doesn't draft legal documents or give legal advice.
Planned feature: not in Delsivo yet, and details may change before it ships.
The round lifecycle
Raise HQ works out where the round is from what has happened: the deck and data room linked, the investor list built, how many investors were contacted and engaged, whether a lead is named, and how much is committed. The stages are Prepare, Target list, Outreach, Meetings, Lead and terms, Diligence and Close. A founder who sees it differently can override the stage.
Committed against target
- Committed: the sum of commitments from investors at Committed or Closed won, against the round's target.
- Weighted pipeline: each open investor's expected cheque multiplied by the probability of their stage.
- Conversion by stage: how many investors moved from each stage to the next.
- Waiting on you: requests, interview invitations and NDAs from funds on Delsivo that need the founder.
Every figure is in the round's own currency. Currency conversion alerts are not part of the plan.
What goes on a round closing checklist
The default items come from Nautis's closing checklist. Founders can tick, assign, add or remove items for their round.
| Item | SAFE | Convertible note | Priced equity |
|---|---|---|---|
| Terms agreed with the lead or first cheque | Yes | Yes | Yes, as a term sheet |
| Board and shareholder approvals recorded | Usually board only | Usually board only | Board and shareholders |
| Investor eligibility confirmed for every cheque | Yes | Yes | Yes |
| Instrument documents ready for each investor | A SAFE per investor | Note and subscription documents | Share purchase agreement and amended articles |
| Side letters and pro rata rights logged | Yes | Yes | Yes |
| Signatures, funds received, cap table updated | Yes | Yes | Yes |
| Regulatory filing after first close and closing update | Where it applies | Where it applies | Where it applies |
What Raise HQ does not do
It doesn't draft documents, file anything with a regulator, move money or give legal or tax advice. It keeps the list of what must happen, who owns each step and what is done, so nothing is forgotten in the last week. Use a lawyer for the documents themselves. Our guide to SAFE notes and the term sheet entry explain the instruments.