Building an infrastructure
For the startup economy
We aim to accelerate innovation by providing startups and investors with the connected tools they need to launch and scale a startup
Values & Principles
We have been inside the cap table, filed the forms, and sat across from investors. Undo is built from that experience.
Compliance should not be a moat only well-funded startups can cross. We build tools that give every founder equal footing.
No hidden fees, no opaque processes, no jargon. We believe the full picture is always better than a carefully managed one.
SEIS, EIS, Companies House, HMRC. The UK has its own rules and rhythms. Undo is built here, for here, from the ground up.
Leadership behind
Undo Capital
Your questions answered
What is cap table management?
Advance Assurance is a confirmation from HMRC that your company is likely to qualify for SEIS or EIS tax reliefs when it raises investment. It gives investors confidence that their tax benefits will be approved, making fundraising easier and faster.
What should a UK cap table include?
HMRC usually takes 4–6 weeks to review and respond to applications, though the timeline can vary depending on their workload and the complexity of your submission. At Undo Capital, we typically process applications within 2–5 working days.
How do you manage a cap table during funding rounds?
To apply for SEIS/EIS Advance Assurance, you’ll typically need the following documents:
• A completed HMRC application form
• Your business plan and financial forecasts
• A copy of your company’s memorandum and articles of association
• Details of your trading activitiesInformation about potential investors (if available)
What's the difference between a cap table and the register of members?
Key criteria include:
• Your company must have a UK permanent establishment
• You must be carrying out a qualifying tradeYou must meet the asset and employee limits (e.g. gross assets under £350k for SEIS, under £15m for EIS)
• You must raise funds within the scheme’s fundraising limits (£250k under SEIS, £12m under EIS, or £20m for knowledge-intensive companies)
• Money raised must be used for growth and development within a set timeframe
Can I import my cap table from Excel or Carta?
No, it is preferable that companies show interest from at least one potential investor. This doesn’t have to be a signed commitment — a simple letter or email from an investor can often be enough.
