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Step-by-step guide

Set valuation on a round or contract

Use round valuation by default or apply a contract-specific valuation.

For
Company editors
Depth
Detailed
Last reviewed:
2026-08-25
Format
Markdown
Sensitive cap-table action

Verify permissions, source documents, amounts, dates, affected stakeholders, and the recovery path before changing recorded ownership.

In this article
  1. Round-level valuation
  2. Contract-level valuation
  3. Set or change valuation
  4. Verify the source of truth

Round-level valuation

Set valuation on the round when its contracts should share the same financing valuation. Contracts without an override inherit that value.

Contract-level valuation

Set valuation on a contract only when its executed terms differ from the round. The contract-specific value takes precedence for that contract.

Set or change valuation

  1. Open the round or contract and choose its valuation action.
  2. Enter the effective valuation, date, currency, and requested details.
  3. Save and verify which contracts inherit the round value.
  4. To remove an override, use the action that returns the contract to its round valuation.
Review downstream calculations

A valuation change can alter prices, conversions, dilution, and projected ownership. Recheck every affected contract before issuance.

Verify the source of truth

Compare the saved currency, effective date, and amount with the approved financing documents. Then open each affected contract and confirm whether it inherits the round valuation or intentionally uses an override. Resolve unexplained differences before calculating or issuing equity.

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Related guidance

Concept Understand valuation and dilution Understand how financing terms affect ownership calculations. Guide Protect a position from future dilution Mark a contract, investor, option pool, or offer as dilutable or non-dilutable.