Post-money capitalisation
Also called: post-money cap table
ELI5
Who owns what after the new investment.
Used in conversation
“The post-money capitalisation shows the investor at fifteen percent.”
Definition
The capitalisation after giving effect to the financing and specified conversions or pool changes.
Here “Post-money capitalisation” means: The capitalisation after giving effect to the financing and specified conversions or pool changes.
Pitch context
You will see “Post-money capitalisation” in fundraising decks, data rooms, term sheets and investor conversations when the discussion reaches cap table, ownership & dilution.
Why it matters: In cap table, ownership & dilution, a loose definition can change rights, obligations, approval, disclosure or enforceability.
Caution
Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.
Sources & evidence · 5
Direct term-level sources and supporting source families.
- National Venture Capital Association — Model Legal DocumentsDirect source · institutional · checked 2026-08-16
- U.S. Securities and Exchange Commission — Small Business Capital Formation GlossaryDirect source · primary · checked 2026-08-16
- U.S. Securities and Exchange Commission — Exempt OfferingsSupporting source family · primary · checked 2026-08-16
- Y Combinator — Safe financing documentsSupporting source family · practitioner · checked 2026-08-16
- Y Combinator — Series A Term Sheet TemplateSupporting source family · practitioner · checked 2026-08-16