For venture funds and the companies they back

Know where the
next dollar matters.

Connect the next round to the milestones, ownership and reserves behind your investment decision.

Try a venture question Open workspace

Northline Ventures · Fictional sample

Capital runway. The next milestone.

Latest recorded updates

LatticeWorks3.8 months

HelioForge6.0 months

LedgerLoop6.4 months

QuantaGrid7.1 months

Recorded runway · displayed against a 12-month scale

Next financing decision

HelioForge

Complete three paid utility deployments

Milestone target · 15 Oct 2026

Evidence to test before participation

Illustrative round · HelioForge

What does participation preserve?

Without

9.1%

With $2.8m

16.5%

Reserve left

$18.9m

See the assumptions

All companies, funds and figures shown are fictional sample records.

Ask Lighthouse

Start with the question.
Follow the evidence.

Explore the fictional Northline workspace. Select a fund or company, ask a question, then inspect the figures and limitations behind the answer.

FundCompany

14 companies in scope

Latest update · 1 Sep 2026

Ask Lighthouse · Sample workspace

Try a venture decision.

Ask about capital, ownership, milestones or the next investment decision.

The partner decision

The round is coming.
Is the company ready?

Bring the capital request, milestone evidence and ownership consequence into one review. Keep the next decision, its owner and its date in view.

Open the decision brief

Sample decision · HelioForge

Participation depends on deployment evidence.

What must be true?

Complete three paid utility deployments

What is recorded?

Two of three utility deployments contracted

What happens next?

Test the financing terms against ownership and available reserve

Illustrative priced round

HelioForge · Participation comparison

Pre-money valuation: $28.0m
New primary capital: $10.0m
Fund participation: $2.8m
Converting SAFE / valuation cap: $1.5m / $18.0m
Option pool, current / target: 8% / 12%

Post-round ownership with participation

16.5%

$18.9m reserve remaining

Simplified capped SAFE and pre-money pool top-up. Final security terms may change the result.

Scenario Studio

See the ownership.
See the trade-off.

Adjust the round, fund participation, SAFE conversion and option pool. See dilution and reserve impact together, then save a separate draft for review.

Model a round

From first conversation to realisation

A venture lifecycle, connected.

Source & select

Relationships, opportunities and the next diligence step.

Invest & own

Round terms, securities, participation and dilution.

Support & follow on

Milestones, founder requests and reserve allocation.

Report & realise

Position marks, fund reporting and exit readiness.

Access follows VC organisation membership.

Figures keep their recorded basis and date.

Scenarios stay separate from source records.

Know where the next dollar matters.