Partnerships
Who we work with
Education partners, incubators, accelerators, angel groups and funding portals work alongside Sprowtt. In every case the company runs its own offering and its counsel reviews it; Sprowtt supplies the software and keeps the record. Sprowtt never introduces investors, and no partner is paid based on any raise.
The five kinds of partner
- Education partners
- Organizations that teach founders how raising capital works. They can point founders to Sprowtt's public material, including the Resource Center, Federal and State Offering Resources and Insights, and to Florida Formation Weekend, the two-day class whose page and sign-up Sprowtt carries. It is education only: not investment advice, and never an introduction to investors.
- Incubators
- Programs that help early companies form and get organized. Each company opens its own Sprowtt workspace on its own subscription and keeps its own deal room, data room, cap table, officers list and filings tracker there. The incubator gets no view into those workspaces; the company decides who sees what.
- Accelerators
- Programs that take a cohort of companies toward a raise. Every company in the cohort runs its own workspace and sets up its own room for the exemption its counsel chose, so nothing is pooled across the cohort and Sprowtt publishes no catalog of the cohort's offerings. Where one law firm advises several of the companies, its counsel-firm seat covers up to 3 of their offerings from one review queue.
- Angel groups
- Groups whose members look at private companies. A company can invite people it already knows into its own room, share documents at the level it chooses and hold its own investor conferences, all as the company's own activity. Sprowtt does not introduce, match or refer companies to a group's members and gives no advice or recommendations; each member makes their own decision.
- Funding portals
- Registered funding portals and the companies raising on them. Sprowtt is software: it is not a funding portal and not a broker-dealer, and a Regulation Crowdfunding offering does not run on this website. The portal's own regulated activity, from hosting the offering to taking commitments and handling funds, stays with the portal under its own registration; a company can still keep its own cap table and officers list in Sprowtt.
What a partnership never includes
- Any payment tied to a raise or an investment. Partners are not paid based on any raise, and Sprowtt offers no referral fee, finder's fee or any other payment tied to a raise or an investment, to any partner
- Introducing, matching or referring companies to investors, including an angel group's members or a portal's investors
- Soliciting investors for any offering. Sprowtt's tools are never used on their own for investor outreach
- Advice or recommendations about any company, offering or investment
- Sharing a company's investor list with anyone
- Listing a partner's companies' offerings on this site: there is no catalog
Also working alongside Sprowtt
- Law firms
- One counsel-firm seat covers up to 3 offerings, with a review queue of submitted deal-room sections, the power to clear or block a section with a reason, a hold that takes a notice down until counsel clears it, a dated closing binder, the audit trail as a CSV file, and a law-firm administrator seat scoped to the firm by the profile.
- Banks, escrow agents and payment providers
- Companies choose and contract directly with any bank or escrow provider, pay its stated price directly, and the provider, not Sprowtt, holds the funds. Sprowtt receives no referral fee, commission, markup, revenue share or other compensation from them. In the workspace the company keeps the provider's instruction sheet, with account numbers stored encrypted and only the last four digits shown.