05 The round
The round
€1,000,000 on a SAFE, for eighteen months of runway to the first signed enterprise contracts and a second market in production.
IllustrativeThe discount, minimum ticket, timing, commitments and capitalisation table are indicative until the term summary is issued.
Terms
Terms
| Term | Detail | Status |
|---|---|---|
| Amount | €1,000,000 | Confirmed |
| Instrument | SAFE, converting at the next priced round | Confirmed |
| Valuation cap | Shared with investors in the process | On request |
| Discount | 20% at conversion | Illustrative |
| Minimum ticket | €50,000 | Illustrative |
| Pro rata rights | For tickets of €100,000 or more | Illustrative |
| Target close | December 2026 | Illustrative |
| Soft commitments | €250,000 | Illustrative |
Use of funds
Use of funds
| Area | Share | Amount | What it pays for |
|---|---|---|---|
| Supply and coverage | 40% | €400,000 | Head of supply, two aggregator agreements, more operators in both markets, legal capacity for contracts |
| Product | 30% | €300,000 | Routing record and console export in production, pricing engine, data protection documentation |
| Sales | 20% | €200,000 | Enterprise account lead, ten structured buyer interviews, the first contracts in Italy |
| Company | 10% | €100,000 | Governance, the shareholders' agreement, audit and compliance baseline |
Capitalisation
Before the round (illustrative)
| Holder | Shares | Stake |
|---|---|---|
| Founders | 90,000 | 90.0% |
| Option pool, reserved | 10,000 | 10.0% |
| Total | 100,000 | 100.0% |
The SAFE converts at the next priced round, so the table after the round depends on the cap and on that round.
Next round
After this round
The roadmap in the product chapter ends with the routing record in production at a paying client and the first buying cohort open. From there Plumma plans to raise a seed round in the second half of 2028.