built for startup founders · from first pitch to fund I

Run your raise
like a machine.

Your whole raise in one command center: a cap table that reconciles, decks that report back, AI investor updates and e-sign. And when you start writing checks yourself, the fund tools are already here.

CAP TABLEDECK ANALYTICSAI UPDATESE-SIGNDATA ROOMS
TenX/ seed round · command
live
Committed
$1.88M
Wired
$0.85M
Open rate
92%
Deck views
312
round build · $2.5M target75% committed
Lead — Meridian
$1.00M
Angels (6)
$0.55M
SAFEs rolling
$0.33M
Left to target
$0.62M
pipeline · series A
Meridian CapitalTerm sheet
Northgate VCPartner mtg
Basecamp FundDeck viewed 4x
ai update draft

"MRR crossed $142k, up 18% MoM. Runway extended to 19 months..."

open rate92%
later, when you write checks· fund I · NAV $12.4M · TVPI 1.84x · waterfalls ✓
DECK VIEWS THIS WEEK312/UPDATE OPEN RATE92%/E-SIGNATURES1,240/ROUNDS MODELED480/AVG REPLY TIME48H/NAV TRACKED$12.4M/TVPI1.84x/CAPITAL CALLED$1.9M/
01the stack

Every tool you pay for today. One system that talks to itself.

02under the hood

Not features on a list. Workflows that finish the job.

deck analytics

See the exact slide where investors bail.

Every deck link is tracked page by page. TenX times each slide, flags the drop-off point, and pings you the moment someone finishes a full read-through.

  • Per-slide seconds, completion rate and drop-off flags on every link
  • Slide Doctor: AI explains why your worst slide loses viewers, and the fix
  • One-tap pass / keep-me-posted buttons end investor ghosting
  • Real-time alert when a viewer reads the whole deck
Track your deck
deck · seed-round-v4.pdf · link: meridian312 views
1
2
3
4
5
6
7
8
9
10
-27% drop · slide 8: financials · avg 11s
AVG TIME
3m 42s
COMPLETION
41%
DOWNLOADS
gated ✓
ai updates & portal

Updates that write themselves from your metrics.

Connect your numbers once. Each month TenX drafts the narrative, you edit the voice, and every investor reads it in a live portal with reactions, comments and Q&A.

  • AI drafts grounded in your actual monthly metrics
  • Open tracking per investor, down to the minute
  • Investors reply, react and answer asks in one thread
  • A permanent portal instead of a lost email chain
Send your first update
may investor update · drafted by aireview draft
MRR
$142K ▲ 18%
RUNWAY
19 mo
NRR
118% ▲ 4pts

"Strong month. MRR crossed $142k on the back of two enterprise closes, and the new pricing page lifted trial conversion 22%. We extended runway to 19 months..."

SENT TO
38 investors
OPENED
92%
REPLIES
6
capital calls & waterfalls · your second act

Issue a pro rata capital call in four clicks.

Angel syndicate, SPV or fund I: set a percent of commitments or a fixed amount. TenX splits it pro rata across LPs, emails the wire notices, and tracks who has paid, all reconciled against each commitment.

  • Pro rata splits computed from live commitments
  • Wire notices emailed to every LP automatically
  • European and American waterfalls with side letters
  • IRR, TVPI and DPI from real cash flows, not estimates
Explore fund tools
capital call #3 · fund I · due jun 30$375,000 · 7.5%
Meridian Capital
$208,333paid
Basecamp LP
$125,000pending
J. Alvarez Trust
$41,667pending
pro rata by commitmentwire notices sent · 12 LPs ✓
employee equity · for the whole team

Show every employee what their options are really worth.

Your cap table already knows the preferences, the pool and the 409A. TenX turns each option grant into a private page: vesting, today's value, exit scenarios after liquidation preferences and dilution, break-even, and ISO vs NSO tax the employee can actually plan around.

  • Black-Scholes fair value plus an exit waterfall that respects preferred stock
  • Exercise planner: cash, AMT and the long-term-gains clock for any date
  • One-page PDF statement and automatic alerts when the 409A changes
  • Team overview shows who has never opened their equity page
See employee equity
Priya · 40,000 ISOs @ $0.90
private equity page · northwind labs
409A $1.10
Vesting · 48 mo · 12 mo cliff10,000 of 40,000 vested
Vested today
$2,000
Fair value
$27,100
Break-even exit
$10.3M
ExitMultipleCommon $/shNet after tax
$24M1.0×$2.86$78k
$60M2.5×$7.50$264k
$120M5.0×$15.00$564k
Exercise Sep 2027 · 20,000 vested · cash needed $19,120LTCG from Sep 2028
03nobody else builds this

The tools serve investors. TenX sides with you.

slide doctor

DocSend gives you charts. TenX gives you the fix.

AI reads your per-slide drop-off and the slide itself, then tells you why investors bail on slide 8 and exactly how to rewrite it.

term sheet x-ray

DocuSign signs it. TenX explains it first.

Paste two term sheets. AI extracts the fine print, then real math runs on your actual cap table: dilution, watchouts, and your take-home at 1x, 3x and 10x exits.

transparent founder badge

Reporting discipline, made visible.

Publish updates on time and earn a verified public streak badge for your email signature and deck. Investors see the streak before they see the pitch.

04founders first

Built for founders. Ready when you become the investor.

for founders

From first check to exit.

  • Publish AI drafted updates investors actually open
  • Track every deck view down to the slide
  • Model rounds and dilution before you sign
  • Prove your sweat equity with market benchmarks
Start free
then, for fund managers

Run the fund, skip the admin bill.

  • Pro rata capital calls with wire notices in minutes
  • European and American waterfalls that reconcile
  • A live portal and quarterly PDFs for every LP
  • IRR, TVPI and DPI computed from real cash flows
Explore fund tools
05proof

Founders who report with clarity, win trust.

92%
investor open rate
"Our investors finally have a clear, current view of the business. Updates go out on time, every time."
Maya Okafor
Founder & CEO, Northwind Labs
3x
follow-on intros
"Transparency turned our investors into our best BD channel. The intros just started coming."
Daniel Reyes
Co-founder, Vertex Systems
-90%
time per update
"What used to eat a Sunday now takes fifteen minutes, and it reads better than what I wrote by hand."
Priya Nair
CEO, Loop
NorthwindVertexLoopBasecampMeridianArcadiaSlateKernelHyperionFathomCobaltLumen
retire the duct tape

Seven subscriptions. One login.

DocSendTracked deck links

per-slide analytics, watermarks, gated downloads

MailchimpInvestor updates

AI drafts, open tracking, reactions and replies

DocuSignE-signatures

legally binding signatures on your own documents

CartaCap table & rounds

ownership, dilution and round modeling that reconciles

Notion + DriveData rooms

watermarked rooms with access logs

AngelListFunds & SPVs

commitments, capital calls, waterfalls, LP portal

Lexsy / ClerkyDiligence & legal health

investor-ready DD index and a legal-hygiene score

06pricing

Annual billing adds two months free. Upgrade, downgrade or cancel anytime.

07questions

Asked before you ask.

What do I get on the free Starter plan?

Up to 25 investors, monthly investor updates, your investor portal and core metrics tracking. No credit card required, no trial clock.

Can investors see everything in my workspace?

No. Investors only ever see what you publish to them: updates, shared documents and their own portal. Your CRM, notes, cap table drafts and internal metrics stay private.

How do tracked deck links work?

You upload a deck once and create named links per firm. Each link records opens, per-slide time and completion, can require an email, watermark every page and gate downloads. You get an alert when someone reads the whole deck.

Do my investors or LPs have to pay?

Never. Investor and LP seats are free forever. Only the founder or fund manager workspace is billed.

What does fund administration include?

Funds and SPVs with LP commitments, pro rata capital calls with emailed wire notices, distributions with European or American waterfalls, side letters, IRR / TVPI / DPI, a live LP portal and one-click quarterly reports.

Can I cancel or switch plans anytime?

Yes. Upgrades apply immediately with prorated billing, downgrades and cancellations take effect at the end of your billing period, and your data stays exportable either way.

Stop running your raise in spreadsheets.

Set up in minutes. Free for your first 25 investors. No credit card required.