Convertible Loan Simulator
Not sure what a 20% discount or a €2M cap really means for your cap table?
Convertible loans are a popular financing instrument that allows startups to raise funds while deferring valuation discussions. These loans typically convert into equity at a future financing round, usually with a discount and/or valuation cap to incentivize and reward early investors.
Use our Convertible Loan Simulator to model how different deal terms affect your equity in future fundraising.
- Simulate various discount rates and valuation floors/caps
- Understand the dilution impact on founders and investors
- Visualize outcomes based on your own situation
Perfect for founders and early investors navigating convertible notes. Try it first, then .
Want to know more about convertible financing? Consult our blog to master startup financing instruments.
Pre Loan
Pre Loan
Cap Table
Loan
Loan
Amount250,000 €
Interest Rate5.0%
Compounded Interest
Conversion Valuation Floor
Conversion Discount
Discount20%
Conversion Valuation Cap
Loan Conversion
Reference Valuation1,500,000 €
Subscription price2.73 €
Loan investment
303,718 €
Loan Conversion
Reference Valuation1,500,000 €
Subscription price2.73 €
Loan investment
303,718 €
Floor subscription price
N/A
Discount subscription price
2.18 €
-20%
Cap subscription price
N/A
Cap Table
| Shareholder | Investment | Subscribed Shares | Total Shares (#) | Total Shares (%) |
|---|---|---|---|---|
| Shareholder S1 | - | - | 400,000 | 58% |
| Shareholder S2 | - | - | 150,000 | 22% |
| Loanholder L1 | 303,718 € | 139,204 | 139,204 | 20% |
| Total | 303,718 € | 139,204 | 689,204 | 100% |
Need help structuring your convertible loan?
Leave your email address, and we'll help you optimize your convertible loan terms.
Other Simulators
Choose the right tool to simulate your fundraising scenario
Anti-Dilution Protection Simulator
Cap Table
Investor Protection
Understand the impact of anti-dilution protection mechanisms on your cap table. Visualize how these clauses affect equity ownership during down rounds to make informed decisions.
Try it now
Good Bad Leaver Simulator
Equity Vesting
Team Departures
Understand the implications of different leaver provisions on equity ownsership. Model how different leaver scenarios affect vesting schedules, repurchase rights, and financial outcomes for both the company and the leaving and remaining team members.
Try it now
Liquidation Preference Simulator
Exit Planning
Investor Returns
Model how different liquidation preference rights affect investor returns. Compare participating vs. non-participating preferences, multiples, and caps across exit scenarios. Understand waterfall calculations to negotiate fair terms.
Try it now