Yes. Cake migrates SAFE notes and convertible instruments as part of the standard migration process. All convertible instruments are included in the row-by-row reconciliation alongside your share issuances, option grants, and vesting schedules. You review the complete picture before anything goes live. No instrument types are excluded from the migration.
Early-stage cap tables are rarely just shares. They typically include one or more rounds of SAFEs or convertible notes sitting alongside founders' shares and an option pool. This layered structure is common at seed and pre-Series A — exactly the stage where founders most often consider switching platforms.
Cake's migration process covers the full cap table, not just the share register. For each SAFE or convertible note, the reconciliation covers: principal amount, discount rate, valuation cap, interest accrual, conversion trigger and current status, and investor name and contact information.
If you have a mix of SAFEs, convertible notes, and share classes at different prices, all of it comes across in the migration. Nothing is treated as a secondary instrument type that gets moved separately or handled differently.
The review step before activation covers the complete instrument picture. You confirm that your SAFEs and convertible instruments are recorded correctly in Cake before going live. This is often the first time founders have seen every instrument type in a single, structured view — which makes it easier to model future rounds and understand your fully diluted cap table.
Cake migrates your full cap table: shares, option grants, SAFEs, convertible notes, warrants. All instrument types go through the row-by-row reconciliation. You review the complete picture before activation. Founders switching from spreadsheets often find this is the first time all their instruments have been in one place, structured correctly and ready for the next round.
This article is designed and intended to provide general information in summary form on general topics. The material may not apply to all jurisdictions. The contents do not constitute legal, financial or tax advice. The contents is not intended to be a substitute for such advice and should not be relied upon as such. If you would like to chat with a lawyer, please get in touch and we can introduce you to one of our very friendly legal partners.
