How it works
One workspace for the work around a capital raise.
Create a controlled deal room, organize materials, manage stakeholder access, monitor activity, and keep your team aligned.
Set up your workspace
Create a branded workspace for your company, project or offering. Define team roles and organize the key sections.
Organize your materials
Upload documents, presentations, company information, disclosures and FAQs in a structured format, with versions kept.
Control access
Invite authorized stakeholders and manage what they can view, download or interact with.
Communicate with your own investors
The company sends its own material-change notices and investor updates, only to people already in its deal room, and holds its own conferences by video or other methods — with its securities counsel approving each update first if it chooses.
Review the record
See document opens and downloads, notice renders, indications and who answered each notice, for the company's own room.
Maintain records and keep reporting
Preserve an organized operational record, export it for your advisors, and keep updating as the process evolves.
The record
Counts the company can check, never predictions.
The company sees what happened in its own room. Nothing here predicts whether anyone will invest, and none of it is investment, legal, financial, pricing, solicitation or offering advice.
- Every document open and download, version by version
- Every render of the notice on the company's own site, by host
- Indications of interest: how many, and their total
- Who answered each material-change notice, and how
- Each investor update the company sent: delivered, held back, unsubscribed
- Each replay of a recorded conference
The payment process
The money never comes to us
The investor pays the account the company named, at the company's own bank. The workspace holds the instruction sheet, records the payment against the subscription, and reconciles from the statements the company posts.
Escrow and payment providers
Connect the bank, escrow agent or payment provider the company has chosen and contracted with directly. Sprowtt may store the agreement, the disbursement instructions and the workflow status. Sprowtt is not intended to receive, custody, transmit or control investor funds. Sprowtt receives no referral fee, commission, markup, revenue share, or other compensation from banks or escrow providers.
Regulation D and escrow
A Rule 506 offering rarely uses an escrow agent at all. Where one is wanted, the company chooses a bank or escrow agent, contracts with it directly and pays its stated price directly. Each escrow provider sets its own price per offering. Sprowtt receives no referral fee, commission, markup, revenue share, or other compensation from banks or escrow providers.
The payment process
The investor pays the account the company named, from their own bank. The workspace holds the instruction sheet and the reference, records each payment against a subscription, and reconciles from the statements the company posts. Routing and account numbers are stored encrypted and are never shown on a public page.
Accreditation (Rule 506(c))
In a Rule 506(c) offering each investor verifies from the deal room: with a letter from a verification service such as InvestReady or Verify Investor (courtesy referrals the investor uses directly, on the service's own website), or from their own attorney or CPA, uploaded on the Accreditation tab. Where the company sets a minimum investment at the levels in the SEC staff no-action letter, Latham & Watkins LLP (March 12, 2025), an investor may instead commit to that minimum with written statements, and the company confirms it knows of nothing to the contrary. The company reviews each verification and accepts or declines it; Sprowtt decides nothing and uses no AI here. An accepted verification is good for 90 days, and a subscription can be accepted only while one is current.
Acknowledgments and the register
Each indication is stored with a checkbox acceptance, its wording version and the time, and counsel closes the file into a dated binder. Book entry stays in the company's file. Sprowtt is not a transfer agent and issues no certificate it would have to honour.
What this platform is not built to do
No pooled accounts. No funding-portal Form C on this domain. No public investor marketplace. No ranking of offerings. No secondary trading. No investor introductions and no lead lists. Completing a software step does not make an offering compliant, available or funded.