Pricing
A monthly subscription. The issuer keeps control of the offering process.
Fees on this platform are not based on the amount raised or the outcome of an offering. Escrow, accreditation and legal review are contracted and billed by those providers directly. Pricing is sent to a confirmed email address.
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Workspace
Issuer
Price sent to a confirmed email
One issuer workspace.
- One live offering
- Rule 506(b), 506(c), Reg A test-the-waters or Rule 147A
- The full deal room and data room
- Tombstone embed for your own website
- Investor seats and the relationship log
- Bank and escrow instruction sheet
- Conferences with recording
Most used by firms
Counsel firm
Price sent to a confirmed email
Up to 8 issuer workspaces.
- Eight issuer workspaces on one seat
- Review queue, holds and blocking clearance
- Shared templates across clients
- Audit export and the per-offering binder
- White-label workspace and notice
- API keys and webhooks
- Associate seat invitations
- Priority onboarding
Workspace
Reg A lab
Price sent to a confirmed email
Test the waters properly.
- Test-the-waters microsite and notice
- Indication tracking by amount, place and source
- Reservation campaign that converts at launch
- Prepare-for-1-A checklist
- Counsel collaboration
- Filing packet prepared for counsel to file
- Not a mini-IPO underwriter
What we never charge
- A percentage of the amount raised
- A success fee, a carry or a commission
- An activation fee, or a fee scaled to your target
- A charge to your investors
- A fee for a referral or an introduction
Cancellation returns the workspace to read-only with an export, so the file stays the issuer's even after the subscription ends.
What the issuer pays other people. A bank or escrow agent, if the offering uses one, contracts with the issuer and bills the issuer — a per-offering minimum around $2,500 is the market for escrow. The issuer chooses the provider and pays its stated price directly. Sprowtt receives no referral fee, commission, markup or revenue share from any bank or escrow provider. An accreditation verification service bills the investor or the issuer directly, and counsel bills for counsel's work.
Usage above the plan. Seats, extra rooms, storage, API calls and conference minutes can be metered above the included allowance. Metering is on software use only, and never on the amount raised.