Investors compete.You get better terms.

Run real-time fundraising auctions with competitive terms.

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All bids are non-binding. TermSheet does not broker or facilitate securities transactions.

How it works

1

Create Your Raise

Set your target amount, choose open or sealed auctions, upload your deck, and control visibility.

2

Investors Compete Live

Invite investors or make your raise public. Watch real-time bids with valuation, equity, and market activity.

3

Compare & Choose

Review all offers side-by-side. Only you see the full terms—investors see limited headline numbers.

For Founders

  • Real-Time Activity

    See bids the moment they're submitted. Track demand, activity, and competition instantly.

  • Competitive Auctions

    Use open auctions for visible competition or sealed auctions for maximum privacy. Competition pushes better valuations and terms.

  • Professional Term Sheets

    Receive full investment proposals including valuation caps, equity, check sizes, pro-rata rights, board terms, and more.

  • Full Control

    Manage investor access, visibility, bid status, and comparisons—all from a single dashboard.

For Investors

  • Live Rankings

    Know your exact position in real time. Get notified the moment you're outbid.

  • Competitive Visibility

    See only valuation and equity from competing bids. Founders alone see complete terms.

  • Professional Bid Submission

    Submit full SAFE or term-sheet-style bids with valuation, equity, board rights, pro-rata, and more. Update bids instantly.

  • Anonymous Competition

    Your identity stays private. In open auctions, you see headline numbers. In sealed auctions, competing bids stay fully hidden.

Ready to run a competitive raise?

Founders get better terms when investors compete. Investors gain real-time deal flow with instant rankings.

Create your account