# Convertible Note and SAFE Model

Track SAFE and note conversions with valuation caps, discounts, and pro forma cap tables at each funding round.

- Canonical: https://finamodel.com/templates/convertible-safe
- Download (.xlsx): https://finamodel.com/templates/convertible-safe.xlsx
- Category: Corporate Finance
- Model type: Valuation
- Difficulty: Intermediate
- Audiences: Founders & operators, Investors & analysts
- Tags: Seed, Fundraising, Cap table, SAFE

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