AFO · Equity
Equity that fits the stage, modelled before you accept it.
Equity is the most expensive capital — once you've sold a share of the company you can't buy it back at the same price. The Capital Toolkit equity bucket exists to introduce founders to the right type of capital partner at the right stage, with the cap-table impact modelled before any term sheet is on the table.
What makes this family distinct
- Pre-Series-A introductions; institutional rounds route to VC/PE modules.
- CPA-modelled cap table — see the dilution before signing.
- Term-sheet review covers liquidation preference, anti-dilution, control rights.
What this family is
Equity
Angel introductions and small-cheque equity. Institutional rounds are routed through the Private Equity and Venture Capital modules.
Early-stage equity — angel investors, family offices, strategic partners — typically funds the gap between bootstrapping and a priced institutional round. Cheques run $100K to $2M, dilution 5–25% per round, terms negotiated rather than priced off a market template. The Capital Toolkit engagement focuses on the cap-table modelling, the term-sheet review, and the founder-side education on what each clause actually does over the next three to five years.
Institutional rounds — priced Series A through later VC stages, mid-market PE buyouts — sit in the dedicated Venture Capital and Private Equity modules where the deliverables (data room, pro forma model, deal-team coordination) are heavier. The AFO equity bucket exists for the pre-institutional layer where introductions and structural advice matter more than full-process M&A representation.
Hybrid structures — convertible notes, SAFE-style instruments, RBF with an equity kicker, royalty deals with cap-table protection — also live here. The CPA models the cap-table impact of each instrument so the founder sees the full picture before signing.
1 program in the catalog
The programs in this family.
Each card links to the program profile. Coming-soon programs are surfaced honestly — the screener routes there with a consultation CTA instead of a self-serve apply link until the integration is wired through.
Angel & Strategic Equity Introductions
Coming soonCurated introductions to angel investors, family offices, and strategic partners for early-stage capital.
Other families
Compare against the other capital options.
Most real-world deals end up stacked — senior plus a grant, RBF plus a tax credit, equity plus a working-capital revolver. The full picture is rarely one family.
- 7 programs
Debt
From the $50K equipment loan through to a $25M mezzanine layer, debt is rarely a single instrument. The right answer is usually a structure — senior plus ABL, senior plus a grant, equipment plus a working-capital revolver — modelled before you walk into any lender meeting.
Explore the family
- 8 programs
Grants & refundable tax credits
Federal and provincial grants plus refundable tax credits don't dilute ownership, don't carry interest, and don't have to be repaid. The trade-off is that every program is project-scoped with specific eligibility criteria, application windows, and reporting obligations a CPA needs to manage carefully.
Explore the family
- 3 programs
Alternative structures
Revenue-based financing, royalty deals, equity crowdfunding, and hybrid structures fill specific gaps where conventional debt is too restrictive and equity is too dilutive. Each instrument has a distinct cost profile that the CPA models before commitment — the apparent simplicity often hides a higher effective cost of capital than the headline rate suggests.
Explore the family
Land on the right instrument before the first conversation.
Twenty-minute call. Bring the use of proceeds and a rough sense of where the business stands today — we’ll walk through which instrument or stack fits, what the providers will want to see, and how long the engagement takes.