Philadelphia, PA (February 21, 2012) – DocDep announced today the release of SmartCap, a free, online cap table application, which augments its line of business automation and organization applications for the venture capital and private equity community.
SmartCap is a cloud–based cap table application which records capitalization structure, tracks investment evolution, and stores underlying investment documents. The resulting organization and standardization help investment-backed companies establish professionalism, especially as they seek additional funding or plan for an exit. SmartCap supports multiple equity holders and classes of security, including preferred and common stock, convertible notes, options and warrants. Pre-defined formulas, templates, and calculations make it easy to build a cap table free from the manual errors common to spreadsheet cap tables, promoting accuracy.