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DocDep releases SmartCap, free capitalization table management service

DocDep, a Center City-based software as a service (Saas) development firm, released its newest service, SmartCap, a free, cloud-based capitalization table management service for venture capital and private equity firms, as well as startups, last week. Cap tables are the industry standard for managing the intricacies of equity ownership. And we’ve seen other recent local […]

DocDep, a Center City-based software as a service (Saas) development firm, released its newest service, SmartCap, a free, cloud-based capitalization table management service for venture capital and private equity firms, as well as startups, last week.

Cap tables are the industry standard for managing the intricacies of equity ownership. And we’ve seen other recent local efforts to offer an online service that serves that role, even if for a different audience.

“DocDep can afford to do this as we have a number of apps that we do charge subscription fees for, ranging from $600 a year to $50,000 per year,” said DocDep Director of Marketing and Business Development Rebecca Holloway. “SmartCap is our gift to the community, and we hope that startup firms, as well as VC and PE firms use our product.”

Of course, DocDep hopes that once a company gets used to SmartCap, it will use some of the related services it does charge for.

“Smart Cap is part of a larger suite of products from DocDep and directly integrates with companion applications,” Holloway said.

SmartCap, which was released in beta in November 2011, consolidates some of the existing cap table management services DocDep already provided into a single application.

“The development and forward direction of the cap table draws heavily on our CEO’s experience in designing financial applications,” Holloway said. “Farid Naib, DocDep’s CEO, has designed complex financial systems for over 20 years, including software used by most of the world’s major banks.”

Aside from being free, Holloway told Technically Philly that one of the most useful SmartCap features allows a subscriber to track the evolution of their cap table in order to analyze ownership at any point throughout the history of the company. Other features include cloud storage of all documents related to the cap table as well as a dilution calculator, to help the cap table manager assess different valuations of a company as it prepares to seek funding.

Cap tables, which are traditionally created in Excel, clearly present quite the management challenge to all players in the tech community. Earlier this month, Technically Philly covered the launch of another cap table management service, Capography, which was built by TicketLeap CFO Tim Raybould in response to the difficulties he found in managing these tables, himself. That tool is focused on use by entrepreneurs, rather than investors like DocDep.

Add SmartCap to the suite of tools members of the local Philadelphia tech community can use to improve their businesses.

Companies: DocDep
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