What kinds of companies are eligible to use Consolidation Vehicles?
Currently we support U.S. C corporations that have raised venture capital funding.Can I use a Consolidation Vehicle and Roll Up Vehicle at the same time?
Yes. Roll Up Vehicles are proactive tools to ensure that new investors enter as a single line. The Consolidation Vehicle will help manage existing investors, or investors outside of the Roll Up Vehicle. The ideal combination is to set up both in advance of a future financing: a Consolidation Vehicle to clean up existing holders and a Roll Up Vehicle for new investors in the financing. Properly configured, this results in only one line on the cap table between the Roll Up Vehicle and the Consolidation Vehicle.What kinds of instruments are eligible to be consolidated?
Most kinds of securities that are issued by venture-backed companies are eligible, including:- SAFE
- Common Stock
- Preferred Stock
- Warrants