{"company":{"name":"Paperglow BV","registration":"NL 82.345.678 — KvK 82345678"},"as_of_date":"2026-04-30","currency":"EUR","share_nominal_value":0.01,"authorised_shares":10000000,"shareholders":[{"name":"Anneke van der Berg (Founder)","share_class":"common","shares":2800000,"fully_diluted_pct":28.0,"paid_capital":28000.0,"notes":"4-year vesting, 1-year cliff; fully vested at as-of date."},{"name":"Thibault Moreau (Founder)","share_class":"common","shares":2400000,"fully_diluted_pct":24.0,"paid_capital":24000.0,"notes":"4-year vesting, 1-year cliff; fully vested at as-of date."},{"name":"Helios Seed Fund II SCA","share_class":"preferred_seed","shares":1600000,"fully_diluted_pct":16.0,"paid_capital":1600000.0,"notes":"Seed round closed 15 Oct 2023."},{"name":"Nordic Angels Collective","share_class":"preferred_seed","shares":400000,"fully_diluted_pct":4.0,"paid_capital":400000.0,"notes":"Syndicate of 11 angel investors (SPV)."},{"name":"Meridian Capital Partners NV","share_class":"preferred_a","shares":1000000,"fully_diluted_pct":10.0,"paid_capital":4000000.0,"notes":"Series A lead — closing 15 Jul 2026 (pending)."},{"name":"Syndicate co-investors (Series A)","share_class":"preferred_a","shares":1000000,"fully_diluted_pct":10.0,"paid_capital":4000000.0,"notes":"Three co-investors signed at term-sheet stage."},{"name":"Employee Option Pool (ESOP)","share_class":"option","shares":800000,"fully_diluted_pct":8.0,"paid_capital":0.0,"notes":"Post-money 8%; includes unallocated pool top-up agreed in Series A term sheet."}],"totals":{"shares":10000000,"fully_diluted_pct":100.0,"paid_capital":10052000.0},"option_pool":{"authorised":800000,"granted":420000,"vested":175000,"available":380000},"notes":"This cap table reflects the expected post-closing position of the Series A round scheduled for 15 July 2026 (see investment memo of 22 Apr 2026). The Series A lines are marked as pending until the subscription and shareholders' agreement is signed. Option grants are subject to the standard 4-year vesting / 1-year cliff; the unallocated 380,000 shares are reserved for post-closing hires over the next 24 months.","issuer":{"name":"Anneke van der Berg","title":"CEO"}}