Formbase
Formbase is a cap table and equity management platform built for Canadian private companies, combining an event-ledger register with an agent-ready MCP layer that answers questions and proposes transactions for human approval. Every figure links to its source document, and ownership changes must reconcile before they land. The platform also models financing rounds and prepares dividend and note-interest payments directly from the ledger.
- Financial Technology
- Software Only
- AI Agents
Funding
Founders
Founder details are not available yet.
Product
Problem
Traditional cap table and equity management tools rely on spreadsheet-style balances that can drift out of step with the underlying transactions, making it difficult to verify ownership figures or catch errors hidden in the details. Founders and finance teams often struggle to model complex financing rounds, track vesting schedules, and prepare payments while maintaining audit-ready records that link every number to its source document.
Solution
Formbase provides a cap table, equity, and data room platform built on an event-ledger architecture where ownership is computed from a sequence of recorded events rather than stored as static totals. The platform includes an agent-ready MCP layer that reads the register, answers questions in plain English, and proposes transactions—such as option exercises or share issuances—for human approval before any write occurs. Every figure on the platform links directly to its underlying document, and ownership changes must reconcile before they are allowed to land. The system also models financing rounds to show dilution impacts step by step, and its payments module derives dividend and note-interest amounts directly from the ledger, with director approval and bank execution handled outside the platform.
Target Audience
Primary customers are Canadian private companies incorporated under the CBCA or provincially, including startups and growing businesses that need to manage cap tables, equity, and corporate records in compliance with Canadian practice.
Features
- Event-ledger register that computes ownership from transactions rather than storing balances, ensuring every figure reconciles before it lands
- Agent-ready MCP layer that reads the register, answers questions in plain English, and proposes transactions for human approval, edit, or rejection
- Scenario modeling for financing rounds showing step-by-step dilution from conversion, option pool, anti-dilution, and new investor
- Document-linked data room where every figure opens the certificate, agreement, resolution, or board approval behind it
- Payments module for dividends and note interest that derives amounts from the ledger, tracks status from draft to paid, and prepares withholding, T5, and NR4 data
- Canadian-specific corporate records support including securities register, directors and officers register, transfer register, minute book, and register of individuals with significant control, with CCPC status tracking