## Run your SAFE round with confidence.

Close funding rounds faster with integrated SAFE (Simple Agreement for Future Equity) templates, automated investor onboarding, and real-time conversion modeling, all in one platform.

### Essential tools to run SAFE rounds smoothly.

Clear, founder-friendly SAFEs (Simple Agreement for Future Equity) built for early-stage teams.

#### Features

- **Automatic cap table sync**: Every SAFE updates your cap table seamlessly, maintaining fully diluted accuracy.
- **Conversion ready tracking**: Monitor terms, trigger events, and conversion timing without spreadsheets.
- **Built-in investor updates**: Save, compare, and share scenarios for board discussions.

### How it works

## Launch your SAFE round in 4 simple steps.
1. **Create your SAFE round**  \- Define your terms, agreement structure, and fundraising goals before inviting investors.
2. **Attach your agreement**  \- Use Cake's standard template or one drafted by your legal team.
3. **Add investors and send**  \- Share the agreement with investors, include their individual terms, and collect signatures.
4. **Track and convert**  \- Monitor commitments, keep an eye on future conversion scenarios, and prepare for conversion at the next priced round.

### Your questions on SAFEs, answered

- **Which Cake plans include SAFEs?**  SAFE round management is available across Cake plans, allowing you to set up rounds, attach templates, and manage investor onboarding.
- **Can I use my own SAFE agreement template?**  Yes, you can upload custom SAFE agreements once on the starter plan. Cake also provides free, lawyer-approved SAFE templates that auto-populate with investor details and merge tags.
- **How do SAFEs convert in future rounds?**  SAFEs automatically convert at predetermined trigger events like priced equity rounds, using either the valuation cap or discount rate—whichever gives investors better terms.
- **What's the difference between SAFEs and convertible notes?**  SAFEs are equity instruments without debt obligations—no interest rates, maturity dates, or repayment requirements. This makes them simpler and more founder-friendly than convertible notes.
- **Are there limits on SAFE round sizes?**  There are no platform limits on the number of SAFEs you can issue or total amounts raised. 
- **How does SAFE tracking integrate with cap tables?**  All SAFE notes are automatically recorded in your cap table, providing transparency for investors and ensuring proper documentation for future due diligence.

## Clean cap table.
## Confident raise.
## Motivated team.

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