Stage one · live
Signal
One surface for pipeline, portfolio and diligence. The scattered stops being scattered.
LiveWhere this goes
We are building toward a fund that carries its own memory.
The three stages we are building toward, and — just as important — the specific row of things we are not building, stated plainly rather than left for you to discover in month three.
The board
Live, building, and will not do.
Both stages marked Live are in the product now, with everything shipped since August listed under them. Everything else is labelled for exactly what it is.
Live
9Stage two · live
Intelligence
The system reads the records the fund already keeps and answers in your own language, with citations you can open.
LiveShipped since August
- Relationship intelligence from mail and calendar
- Reserves modelling by Monte Carlo
- QSBS and §1045 rollover tracking
- 83(b) election tracking
- Custom pipelines and analyst-gated stages
- Side letters and MFN elections
- iSAFE, CCPS and CCD for Indian rounds
Building
10Stage three · in verification
Anticipation
Work that starts from something happening in the fund rather than from a question, and only ever ends in a proposal. Built and under test — not yet run against a live fund, so not yet switched on for anyone.
In verificationNext · one to two quarters
- Reading uploaded documents (rolling out)
- E-signature (built; legal text in review before release)
- Benchmarking
- Mobile experience
Later · two to four quarters
- White-label and multi-fund operator tier
- Public API and webhooks
- Adjacent asset classes
- A marketplace of connectable data sources
- Uploaded documents in the assistant's memory
Not offered today
6- Independent 409A appraisal sign-off and the audit defence around it Roadmap
- K-1 preparation and tax filing Roadmap
- Statutory filings — Form D, state registrations, and filing 83(b) elections (tracked and drafted here; you file) Roadmap
- SPV and fund formation, banking, AML/KYC onboarding Roadmap
- Ethical walls and MNPI compliance surfaces Roadmap
- A bought 50-million-entity relationship graph
The build order
Now, next, and later.
Everything below is intent, not a commitment to a date. Nothing in Next or Later is in the product today, and we will not describe any of it as though it were.
The blocking list is empty — the gaps that were holding a launch back closed in July. What is left in this bucket is depth, not coverage: the assistant working on its own is built and covered by automated tests, and is waiting on a full run against a live fund before anybody is offered it.
No open items
Deepening the wedge, in the order we intend to build it.
Reading uploaded documents
Built and rolling out: an uploaded deck or financial statement becomes proposed deal fields, and a person approves them before anything is written to the record.
Benchmarking
Anonymised performance benchmarks across the platform — only possible with many funds on one system.
Mobile experience
The installable app is the foundation. Founders and LPs are the mobile-first users.
Platform bets. Real intent, no dates.
White-label and multi-fund operator tier
Accelerators, fund administrators and venture platform operators who serve many funds at once.
Public API and webhooks
There is currently no way for a customer to integrate DeelSignal into their own systems.
Adjacent asset classes
Private equity, private credit and real estate run on the same underlying concepts.
A marketplace of connectable data sources
Curated sources a fund can add in one click.
Uploaded documents in the assistant's memory
The fund's beliefs are captured once the assistant is allowed to remember them. The same is not yet true of what sits inside an uploaded deck or data-room file.
The row that costs us deals
What we are not: a professional-services firm.
Carta staffs valuation analysts and compliance counsel behind these — that is consultant work with a human signature on it, not a software feature. We are a software company and do not offer that today.
ItemStatus
- Independent 409A appraisal sign-off and the audit defence around itRoadmap
- K-1 preparation and tax filingRoadmap
- Statutory filings — Form D, state registrations, and filing 83(b) elections (tracked and drafted here; you file)Roadmap
- SPV and fund formation, banking, AML/KYC onboardingRoadmap
- Ethical walls and MNPI compliance surfacesRoadmap
- A bought 50-million-entity relationship graph
Every item marked Roadmap is on our build plan, not on the product today — we would rather tell you that than have you find out in month three. What we give you now on the compliance-adjacent surfaces we do ship — capital accounts, fund accounting, LP reporting — is AI-assisted review and drafting with a human approving every figure, never a consultant's sign-off and never a substitute for your auditor or counsel. If cap-table administration and tax filing are the job today, buy Carta and let us sit alongside it — the two answer different questions.
And one that is built but not yet proven
The assistant working on its own.
It is built. Work can start from a founder update, a deal going quiet or a valuation moving; it can only ever end in a proposal somebody approves; it is off by default, capped by a monthly ceiling, stopped by a single switch, and every run is on the record. All of that is covered by automated tests — and none of it has yet been run against a live fund, so it is not switched on, not demoable and not for sale. We would rather you knew the shape of it now than met it as a surprise later.
Assistant · working on its ownOff
- Starts from
- Founder updateDeal going quietValuation moving
- Ends in
- A proposal somebody approves
- Monthly ceiling
- 0 used
- Run log
- Empty — not yet run against a live fund
Not demoableNot for saleCovered by automated tests
See what's live today.
Both stages marked Live above are in the product now — no roadmap slides required.