Bridge funding to equity without valuation friction.

Raise capital now and convert later. Track convertible note maturity dates, interest, caps, discounts, and conversions in one streamlined workspace founders and investors both trust.

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Loved by 10,000+ companies from all stages of growth.

Features

Essential tools for confident fundraising

Track every note, key date, and conversion scenario without relying on spreadsheets.

Faster fundraising

Use lawyer-approved templates you can customize instantly

Automated tracking

Monitor interest, maturity dates, and conversion triggers without spreadsheets

Smart alerts

Get notified before maturity or conversion deadlines hit

Real-time modeling

See fully diluted ownership impact as notes convert.

Investor transparency

Provide investors with their own portal for visibility

Effortless conversion

Turn notes into equity seamlessly during future rounds

See how Cake simplifies convertible notes

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How it works

From funding to conversion

A quick, guided flow to set up and issue Convertible Notes

1

Set terms

Define discount, valuation cap, interest rate, and maturity.

2

Attach your agreement

Use Cake's standard template or one drafted by your legal team.

3

Send for signing

Use fully integrated e-signature workflows.

4

Track and convert

Automate reminders for interest accrual, maturity, and triggers. Execute conversions automatically during qualifying funding events.

Frequently asked questions

Your questions on convertible notes, answered

Need help? Visit the Help center

Which Cake plans include convertible notes?

All Cake plans support convertible note management. Lawyer-approved templates are included on Team and above.

Can I add existing notes?

Yes. Upload current agreements and Cake will extract and map key terms into your Notes Registry.

What conversion mechanics does Cake support?

All standard terms: valuation caps, discounts, interest, maturity, and multiple trigger events with configurable logic.

Are there limits to how many notes I can create or track?

No. You can manage unlimited SAFEs, notes, and option grants on any plan.

Does Cake support both pre-money and post-money conversions?

Yes. You can toggle between methodologies for precise modeling.

Can investors see their note details?

Yes. They can track terms, maturity dates, and conversion status via MyCake portals.

Equity doesn't have to be complicated. Join Cake and see for yourself!

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