How much does it cost to prepare for a capital raise?
By Joel Arberman, founder of Prepared to Raise · 17 companies taken public, 30+ private placements prepared
The packages and their fixed fees
Every engagement starts with a free 20-minute intro call. If it is a fit, the first paid step is the Readiness Assessment. Each package after it delivers three things: your investor materials, your Raise Playbook and 90 days of launch support.
Readiness Assessment: $1,500
One working session, then a written report within 5 business days on where you stand and which package fits your raise. If you are not ready, the report says so, and it is yours to keep. The fee is credited in full toward any package if you continue within 60 days.
Network Raise: $15,000
For raises of up to $1M from accredited investors under Rule 506(b) or 506(c). It takes about 4 weeks, plus 90 days of launch support. You receive a Strategy Decisions Memo, a 12 to 18 slide investor deck, a two-page executive summary, lawyer-reviewed offering documents with Form D, a data room, your Raise Playbook and a mock investor meeting.
Growth Capital: $20,000
For revenue-stage companies raising up to $10M. It takes about 4 weeks, plus 90 days of launch support. It adds a diligence review of your financials, a written critique of your financial model, capital strategy with terms guidance and two mock investor sessions.
Reg CF Package: $25,000
For raises that include non-accredited investors through Regulation Crowdfunding. It takes about 6 weeks to launch, plus 90 days of support through the live campaign. It covers portal selection, a lawyer-reviewed Form C, coordination of your required CPA review or audit, campaign page content and a community-first launch plan.
Founder Launch: $10,000 to launch
For experienced operators starting a new company and raising up to $10M. We form the company, build the raise and provide outreach assistance under one advisor. It starts with $10,000 at signing, and total fees are typically over $100,000 when starting from company formation, paid monthly over six months. See how Founder Launch works.
What drives the choice
The package follows the raise, not the other way around.
- Up to $1M from accredited investors who know you or your business: Network Raise.
- A revenue-stage company raising up to $10M, including a raise to fund an acquisition: Growth Capital.
- A raise that includes non-accredited investors: Reg CF Package.
- A new company that needs to be formed as well as funded: Founder Launch.
The Readiness Assessment confirms the fit before you commit to a larger fee. For a quick read first, try the free path finder.
Add-ons
- 506(b) to 506(c) extension, $5,000, if you decide to advertise your raise publicly to accredited investors.
- Private placement memorandum, $5,000, for raises where investors or their advisors expect one.
- Reg CF extension for Network Raise clients, $15,000.
- International premium, $10,000 more, for non-US companies raising from US investors.
- Support block, $1,500, and document refresh, $3,000 to $5,000.
Costs that are separate from the fee
Offering documents are reviewed by securities counsel as part of the Network Raise, Growth Capital and Reg CF packages. Some costs still sit outside every fee, and which ones apply depends on the path you choose.
- State notice filings. Not included in Network Raise or Growth Capital. See blue-sky notice filings. Form D is free to file with the SEC.
- Rule 506(c) verification and marketing. Verification of accredited investors runs about $50 to $100 per investor through an online service, and advertising is your own budget. In one worked example, a $3M raise with 40 investors has fixed costs of about $32,000 to $34,000 before state fees and advertising. See the 506(c) raise cost breakdown.
- Reg CF portal, escrow and CPA review or audit. These are paid directly by you. Portals commonly charge 5% to 10% of the amount raised. See the Reg CF campaign cost table.
- Private placement memorandum. A $5,000 add-on when your raise calls for one. See how much a PPM costs and whether you need one.
How the fees work
Every fee is fixed. We never take a success fee, equity, warrants or a percentage of the capital you raise. We are not a broker-dealer, so we are not paid based on what you raise. You work directly with Joel Arberman on every engagement, from the first call to launch.
What the fee does not buy
Prepared to Raise prepares you to raise from your own network. We do not find, solicit or introduce investors, and you own every investor relationship. If you are weighing whether to pay someone to raise the money, read Can I hire someone to raise capital for my business? and What does a capital raise consultant do, and what should one cost?
Related questions
How much does the Readiness Assessment cost?
$1,500. You receive a written report within 5 business days on which package fits your raise.
Is the Readiness Assessment fee credited toward a package?
Yes, in full, if you continue within 60 days.
Does Prepared to Raise take a success fee or equity?
No. Every package is a fixed fee, with no equity, warrants or percentage of the capital you raise.
Are filing fees included?
State notice filing fees are not included in Network Raise or Growth Capital. For Reg CF, funding-portal fees, escrow and the CPA review or audit are paid directly by you.
Where to start
Book a free 20-minute call to talk through your raise, or take the 2-minute readiness quiz first.