Simulfund - Startup Funding
Term Sheet Hacks—AI—Pro Tools
Only for Mac
$21.99
The only private, AI-assisted app that helps you master, negotiate, and create financing deals for Startups.
Designed for founders, shareholders, entrepreneurs, business angels, venture capital firms, legal professionals, and students; Simulfund lets you deal with key terms and clauses that could be relevant in equity financing, including:
• Cap tables and Option Pools
• Preferred Stock and Protective Provisions
• Anti-Dilution and Liquidation Preferences
• Cumulative Dividends, Co-Sale Rights, ROFR, and many other Venture Capital Terms …
Save time and innovate with AI that helps you carefully review, understand, and create startups financing deals.
IT ALL STARTS WITH FINANCIAL CALCULATORS
• Quickly calculate the value of a startup company.
• Show the stock dilution when additional shares are issued.
• Investigate how equity financing affects a business’s valuation.
• Include an option pool and send the data to the Term Sheet Editor.
• Anticipate the value of shares for both current and new shareholders.
• Import cap tables data from Term Sheet’s file into the financial calculator.
GET A TERM SHEET EDITOR AND HACKS
• Create, decrypt term sheets rapidly, even as a beginner. Get a lawyer if needed.
• Explain and reveal terms that could be very appropriate for early-stage financing.
• “Hack” or master terms that could significantly impact your venture capital deals.
• As an investor, manage your deal terms through files, and AI can help you negotiate.
• As a lawyer, export and import data, “hack”, or draft clauses with AI-assisted analysis.
• As a founder, AI could help you detect unfavorable clauses or share effective documents.
AN APP WITH NO EQUIVALENT
• Simulfund offers on-board AI features, a term library, and a Term Sheet Editor.
• Get a chat for long conversations and import Term Sheet to detect red flags.
• The AI chat can suggest related questions to help complete the response.
• AI helps you with clauses that could be unusual, risky, or unfavorable.
• Privately draft, “Hack”, or rewrite clauses using optimized AI models.
• Export, import Simulfund files across all iOS and macOS devices.
• Encrypt or export your app’s data; use CSV, PDF, or .txt files.
PRIORITIZES CONFIDENTIALITY & SECURITY
• All data is stored and encrypted locally; everything works offline.
• Local AI and on-device processing protect data from illegal access.
• Control access with Face ID or Touch ID, without creating an account.
• Keeps your data encrypted, even when the app runs in the background.
• Over 90K lines of code, built from the ground up using Apple’s secure APIs.
• Preserves confidentiality, as we don’t use ads, third-party SDKs, or trackers.
ADDITIONAL FUNCTIONALITIES
• Rapidly insert your clauses into the text of the term sheet.
• Monitor AI models and manage its memory footprint.
• Find and/or replace word occurrences in one click.
• Auto-generates and handles all encryption keys.
• Support for full-screen, split-screen modes.
• Compatible with right-to-left layouts.
Take advantage of this powerful investment tool anywhere to boost productivity, finance your business plan, or invest in a start-up company.
It is your VC copilot, both enriching to use and designed with unparalleled features.
Now, available for iOS devices as well.
”Cited by BERKELEY LAW’S The Network as an AI tool helping founders navigate venture capital term sheets and legal risks.”
«Knowledge changes everything !»
more SimulFund 3.8.2 for macOS adds PDF term sheet import, “Thinking” and “Non-Thinking” modes, new 30B and 1.7B local AI models, and fixes for calculators.
Version 3.8.2 improvements and fixes:
• Import or drag and drop a PDF term sheet in chat to highlight red flags, explain key clauses, and compare deals with market standards.
• Added an option to limit the context window to the most recent information for better performance with chat history.
• The compatible AI model now also supports “Thinking” and “Non-Thinking” modes when using the chat.
• Added a fast 1.7-billion-parameter model, with “Thinking” and “Non-Thinking” modes in settings.
• Improved the Chat AI interface to prevent scrolling to the beginning when resizing the window.
• Replaced Mistral Small 24B with Qwen3-30B in the local model list.
• Fixed the errors affecting the cap table calculators.
• Improved coherence in the model descriptions.
• Removes several other errors.
Version 3.8:
• The AI chat functionality introduces a feature that can handle up to 128k tokens, enabling long and offline discussions.(1)
• The AI chat app now supports more extensive discussions by accommodating a wider range of subjects.
• It adds a new feature that enables users to save and edit prompts for AI in the term sheet editor.
• Enhanced "Hack" tool for scanning clauses that could be unusual, risky, or unfavorable.
• Prompts can now be personalized to draft, hack, and rewrite clauses of a term sheet. (2)
• The term sheet editor’s key terms detection function has been improved.
• Information for AI models and descriptions has been updated.
• Enhancing the UX to deliver a responsive user interface.
• Changing the sizes of the font has been improved.
• Improved memory handling when AI is running.
≪We’re always on the lookout for ways to make things better, and your feedback is important !≫
Simulfund 3.8.2 is also made for iOS. Visit www.simulfund.com for more information.
(1) This feature is only available on some devices and models that have a strong reasoning capacity and can handle long contexts.
(2) If you’re not a professional, consult a qualified attorney for specific legal questions or advice. Even if the new "Hack" function has been tested on clauses in other term sheets, all the information provided by this app and the AI local models is solely for informational purposes.
3.8.2 Apr 2
Simulfund 3.8.1 for macOS adds a new 8B local AI model in “non-thinking mode,” plus the enhanced Hack tool now evaluates clause favorability (investor vs. founder). It also improves memory handling and fixes a fatal error.
Version 3.8.1 improvements and fixes:
• Fixed a fatal error that may prevent new users from downloading local AI models due to a missing storage directory.
• The “Hack” feature now assesses whether a clause could be favorable to the investor or founder.
• Improved management of AI models to get better performance, memory, and cache handling.
• Adds the newly released Qwen3 8B local model, configured in "non-thinking mode."
• Using another AI feature, will automatically free the AI cache of the Chat.
• Corrects some errors in the model descriptions.
• Removes several other errors.
Version 3.8:
• The AI chat functionality introduces a feature that can handle up to 128k tokens, enabling long and offline discussions.(1)
• The AI chat app now supports more extensive discussions by accommodating a wider range of subjects.
• It adds a new feature that enables users to save and edit prompts for AI in the term sheet editor.
• Enhanced "Hack" tool for scanning clauses that could be unusual, risky, or unfavorable.
• Prompts can now be personalized to draft, hack, and rewrite clauses of a term sheet. (2)
• The term sheet editor’s key terms detection function has been improved.
• Information for AI models and descriptions has been updated.
• Enhancing the UX to deliver a responsive user interface.
• Changing the sizes of the font has been improved.
• Improved memory handling when AI is running.
≪We’re always on the lookout for ways to make things better, and your feedback is important! ≫
Simulfund 3.8.1 is also made for iOS. Visit www.simulfund.com for more information.
(1) This feature is only available on some devices and models that have a strong reasoning capacity and can handle long contexts.
(2) If you’re not a professional, consult a qualified attorney for specific legal questions or advice. Even if the new "Hack" function has been tested on clauses in other term sheets, all the information provided by this app and the AI local models is solely for informational purposes.
3.8.1 Feb 1
Simulfund 3.8 for macOS improves the "Hack" tool for scanning clauses that could be unusual, risky, or unfavorable. It adds a context understanding chat option up to a 256K token limit; and introduces a feature that allows users to save, edit AI prompts used to draft, or "hack" clauses.
Version 3.8 improvements:
• The AI chat functionality introduces a feature that can handle up to 256k tokens, enabling long and offline discussions. (1)
• The AI chat app now supports more extensive discussions by accommodating a wider range of subjects.
• It adds a new feature that enables users to save and edit prompts for AI in the term sheet editor.
• Enhanced "Hack" tool for scanning clauses that could be unusual, risky, or unfavorable.
• Prompts can now be personalized to draft, hack, and rewrite clauses of a term sheet. (2)
• The term sheet editor’s key terms detection function has been improved.
• Information for AI models and descriptions has been updated.
• Enhancing the UX to deliver a responsive user interface.
• Changing the sizes of the font has been improved.
• Improved memory handling when AI is running.
Version 3.8 fixes:
• Eliminates errors when the Mac enters sleep mode or switches desks while background protection is enabled.
• Removes errors when term sheet text is edited; lags may appear when the user types text.
• Resolves errors when the system window is called and returns to the previous application.
• Fixed several other errors.
≪We’re always on the lookout for ways to make things better, and your feedback is important! Let us know what you think!≫
Simulfund 3.8 is also made for iOS. Visit www.simulfund.com for more information.
(1) This feature is only available in models that have a strong reasoning capacity and can handle long contexts.
(2) If you’re not a professional, consult a qualified attorney for specific legal questions or advice. Even if the new "Hack" function has been tested on clauses in other term sheets, all the information provided by this app and the AI local models is solely for informational purposes.
3.8 Jan 1
Simulfund 3.7 for macOS adds a new AI model supporting strong complex reasoning tasks and long-context support with better-quality text generation, introduces a sleek iOS 26 interface, and makes the “Hack” clause tool smarter.
Version 3.7 improvements:
• Incorporates Qwen3-4B AI model with long-context support, optimized for complex tasks Reasoning. (1)
• Integrates Apple’s latest MLX engine for faster, more reliable, and power‑efficient local AI processing. (3)
• Enhances the core “Hack” tool, improving its precision in analyzing and optimizing contract clauses. (2)
• Refreshes the interface for macOS Tahoe, offering a more modern and responsive user experience.
• Added new to the "Glossary", covering typical return multiples and average founder dilutions in US.
• The downloading functionality for AI models has been optimized for reliability.
• Updated the interface for smoother integration with Liquid Glass.
Version 3.7 fixes:
• Removes errors when data protection is enabled and the Mac ends sleep mode.
• Eliminates layout discrepancies when the Mac application is resized.
• Fixed several other errors.
• Enhanced performance.
≪We’re always on the lookout for ways to make things better, and your feedback is important! let us know what you think!≫
Simulfund 3.7 is also made for iOS. Visit www.simulfund.com for more information.
(1) Local AI functionalities require macOS 14 and an ARM-based chip. Accuracy also depends on model size and device capabilities.
(2) If you’re not a professional, consult a qualified attorney for specific legal questions or advice, even if the new "Hack" function has been tested on other term sheets.
(3) All the information provided by this app and the AI local models is solely for informational purposes.
3.7 11/28/2025
Simulfund version 3.6 for macOS introduces a new "Hack" function on clauses, an enhanced user interface, and a security vulnerability fix. (3)
Version 3.6 improvements:
• Added a "Hack" function that explains a clause, highlights possible vulnerabilities, and automatically redacts a new one. (1)
• The new "Hack" function outlines the benefits that investors and founders can anticipate from the clause. (2)
• The new "Hack" function also works on clauses found within other term sheets; just paste it in the text. (2)
• The private chat data is now securely saved locally and you can also reset or edit it.
• Thanks to an anonymous feedback, security has been reinforced to protect data.
• Enhances drafting, correction, and rewriting with AI by improving instructions.
• Optimizes the AI model’s responsiveness and computational efficiency.
• The AI chat has been redesigned to enhance the reading experience.
• Added default new content in "My List of Terms" note app.
• The private correction feature with AI has been improved.
Version 3.6 fixes:
• Eliminates errors in the functionality for selecting a Title clause with its subtitle to draft a clause.
• Eliminates an error that could render the AI engine non-responsive.
• Fixed several other errors.
≪We’re always on the lookout for ways to make things better, and your feedback is important! Take a quick look and let us know what you think!≫
(1) Local AI functionalities required at least macOS 14 and a machine with an ARM-based chip. Keep in mind that the accuracy of a local AI model is influenced by its size and your device’s capabilities.
(2) Despite the new "Hack" function having already been tested on clauses of other term sheets, if you’re not a professional, it’s crucial to consult with a qualified attorney for specific legal questions or advice.
(3) All the information provided by this app and the AI local models is solely for informational purposes.
3.6 08/29/2025
Simulfund version 3.5 for macOS now supports up to eight private and renowned AI Local models accelerated by MLX engine, adds a feature to personalize Number Format, improves security, and resolves errors.
Version 3.5 with new AI features:
• Download up to 8 private and renowned AI Local models up to 24B parameters, accelerated by MLX technology. (1)
• Select a model and launch the private AI chat feature for startup financing and term-sheet hacks discussions.
• In the AI chat, you can specify a response length (e.g., in 50 words) to significantly speed up the response.
• Click on a term in "My List of Terms" and use AI to privately draft, correct, or rewrite your clauses or text. (2)
• As a lawyer, In the Term Sheet app, select a Title clause with the subtitle to let AI generate a new clause.
• Use also the writing tools with a preconfigured prompt when Apple AI is available (data may be shared).
• Highlight text in the term sheet to rapidly access the private correction feature with a local AI.
• Added tailored, customizable prompts to enhance drafting, correction, and rewriting with AI.
• Option to free the AI memory cache after each response, optimizing device performance.
Version 3.5 improvements:
• You can now configure Number Format by selecting thousand and decimal separators.
• Select a Title or text clause and right-click to swiftly add it to "My List of Terms."
• Enhanced functionality that lets users customize font size within the app.
• Added default new clauses in "My List of Terms" when resetting it.
• Added the option to launch the app in Split View mode.
• Added Background configuration option for Split View.
• Update and enhance Data Protection functionality.
• Enhanced stability and performance.
• Improved security.
Version 3.5 fixes:
• Fixes an error that could override an item in "My List of Terms" when it is edited and moved.
• Removes an error when exporting a Cap Table from the investor simulator.
• Fixed memory management errors, eliminating memory leaks.
• Fixed several other errors.
Simulfund 3.5 is also available for iOS devices, and for more information, please visit www.simulfund.com.
(1) Local AI functionalities required at least macOS 14 and a machine with an ARM-based chip. Keep in mind that the accuracy of a local AI model is influenced by its size and your device’s capabilities.
(2) If you’re not a lawyer, it’s crucial to consult with a qualified attorney for specific legal questions or advice.
≪As we continue to innovate and improve, your feedback is invaluable - Please take a moment to review the Simulfund app! ≫
3.5 07/08/2025
Simulfund Version 3.4 for macOS Optimizes readability, adds new features and content, improves the overall user experience.
Version 3.4 includes the following improvements:
• For optimal readability, we have added a function that allows you to change the size of the text and numbers.
• Adds a scroll function when the text size increases and it is too large to be displayed correctly.
• Implements a scroll function when a text of the Term Sheet App is too long for the text box.
• Improved reset functions to erase app data and generate new encryption codes.
• Several improvements to the user interface to enhance the overall experience.
• Adds a system option to hide the bottom bar in the term sheet app.
• Increased significantly the stability and performance of the app.
• Content additions and updates are now available.
• Makes the app compatible with macOS Sequoia.
Version 3.4 fixes the following issues:
• Removes errors that may prevent the installation and display of investment widgets.
• Corrects errors when opening the Term Sheet App in right-to-left mode.
• Fixed several other errors.
Simulfund 3.4 is also available for iPhone, iPad and Vision Pro and for more information, please visit www.simulfund.com
≪ A big thank you to our loyal community! We are delighted that many of our valuable users have continued to stay up-to-date with our latest app releases. As we continue to innovate and improve, your feedback is invaluable - Please take a moment to review the Simulfund app! ≫
3.4 10/10/2024
Simulfund Release 3.3 for macOS Adds new features and content, improves security and performance.
Version 3.3 includes the following improvements:
• Adds the functionality in the bottom bar to find a key term in the Term Sheet app.
• Find the key terms in the Term Sheet app and scroll through all occurrences.
• Improves the feature to detect if the "My List of Terms" are synchronized.
• The “My List of Terms” clauses are now synchronized with the banks.
• Added several improvements to the user interface.
• Ameliorates security to prevent memory leaks.
• Significantly increases performance.
• Content additions and updates.
Version 3.3 fixes the following issues:
• Fixes some problems that may cause the text of the Term Sheet app not to be editable and scrollable.
• Fixes errors with the features of the sidebar displayed with the Term Sheet app.
• Removes errors with the "Find" function in the text of the Term Sheet app.
• Fixed several other errors.
Simulfund 3.3 is also available for iPhones and iPads and for more information, please visit www.simulfund.com
3.3 06/01/2024
Simulfund Release 3.2.1 for macOS Makes improvements and solves errors.
Version 3.2.1 fixes the following issues:
• Adds a version for ARM Macs.
• Removes several user interface errors.
As a reminder Version 3.2 includes the following improvements:
• Adds the ability to detect if clauses from “My List of Terms” are inserted in the text of the term sheet.
• Ameliorates security to counter malicious scripts that try to read or write data in an app.
• Increases performance and makes modifications to the user interface.
• Improves the functionality that detects key terms in the Term Sheet.
• Sort the definitions in the glossary in alphabetical order.
• Updates the glossary interface to improve readability.
• Improves compatibility with macOS Sonoma.
• Additions of new content.
Simulfund 3.2.1 is also available for iPhones and iPads and for more information, please visit www.simulfund.com
3.2.1 12/20/2023
Simulfund Release 3.2 for macOS Adds a feature to detect your clauses, increases security and makes other improvements.
Version 3.2 includes the following improvements:
• Adds the ability to detect if clauses from “My List of Terms” are inserted in the text of the term sheet.
• Ameliorates security to counter malicious scripts that try to read or write data in an app.
• Increases performance and makes modifications to the user interface.
• Improves the functionality that detects key terms in the Term Sheet.
• Sort the definitions in the glossary in alphabetical order.
• Updates the glossary interface to improve readability.
• Improves compatibility with macOS Sonoma.
• Additions of new content.
Version 3.2 fixes the following issues:
• Fixed an issue where the title color of a key term could not be displayed correctly.
• Removes errors to improve the display of the glossary content.
• Addresses a stability issue with “My List of Terms” data.
Simulfund 3.2 is also available for iPhones and iPads and for more information, please visit www.simulfund.com
3.2 12/01/2023
Simulfund release 3.1 for macOS adds the ability to use widgets, brings security improvements and other enhancements.
Version 3.1 includes the following improvements:
• Adds two classes of small and medium-sized widgets, one for Investing and the other for Financing.
• The data protection function applies to widgets, when activated, the widgets data is deleted.
• The 2 classes of widgets can launch the corresponding calculator and the term sheet app.
• Improves the functionality to deactivate the data protection of the app.
• Various user interface and other improvements.
• Additions and updates of content.
Version 3.1 fixes the following issues:
• Improves security by correcting a potential leak of an object.
• Fixes user interface errors.
• Solves other problems.
Simulfund 3.1 is also available for iPhones and iPads and for more information, please visit www.simulfund.com
3.1 07/11/2023
Simulfund release 3.0 for macOS adds the ability to use widgets, brings security improvements and other enhancements.
Version 3.0 includes the following improvements:
• Adds two classes of small and medium-sized widgets, one for Investing and the other for Financing.
• The data protection function applies to widgets, when activated, the widgets data is deleted.
• The 2 classes of widgets can launch the corresponding calculator and the term sheet app.
• Improve the functionality to deactivate the data protection of the app.
• Various user interface and other improvements.
• Additions and updates of content.
Version 3.0 fixes the following issues:
• Improves security by correcting a potential leak of an object.
• Fixes user interface errors.
• Solves other problems.
Simulfund 3.0 is also available for iPhones and iPads and for more information, please visit www.simulfund.com
3.0 07/10/2023
Simulfund release 2.9.1 for macOS resolves some errors with the user interface in the "Financing" calculator.
As a reminder, the version 2.9 includes the following improvements:
• Strengthens data protection when the app closes or when it runs in the background.
• The Navigator Bar in the Term Sheet app displays the key terms detected in the text.
• Click on the key terms displayed in the Navigator Bar to automatically scroll to them.
• Added functionality to drag and drop your clauses directly in term sheet text.
• The Term Sheet App is now more suitable for the use of right-to-left layouts.
• Enhances exported documents for those who need right-to-left layouts.
• Improves the functionality to rearrange your clauses in "My list of terms".
• Various user interface and other improvements.
• Additions of new content.
Simulfund 2.9.1 is also available for iPhones and iPads and for more information, please visit www.simulfund.com
2.9.1 04/26/2023
Simulfund release 2.9 for macOS improves security, adds content and brings improvements.
Version 2.9 includes the following improvements:
• Strengthens data protection when the app closes or when it runs in the background.
• The Navigator Bar in the Term Sheet app displays the key terms detected in the text.
• Click on the key terms displayed in the Navigator Bar to automatically scroll to them.
• Added functionality to drag and drop your clauses directly in term sheet text.
• The Term Sheet App is now more suitable for the use of right-to-left layouts.
• Enhances exported documents for those who need right-to-left layouts.
• Improves the functionality to rearrange your clauses in "My list of terms".
• Various user interface and other improvements.
• Additions of new content.
Version 2.9 fixes the following issues:
• Resolves some issues when the app uses dark mode.
• Fixed a stability issue related to authentication with Touch ID.
• Prevents your data from being leaked in memory when it runs in the background.
• The "Edit" function in "My List of Terms"may not work when you try to rearrange clauses.
Simulfund 2.9 is also available for iPhones and iPads and for more information, please visit www.simulfund.com
2.9 04/06/2023
Simulfund release 2.8 for macOS improves compatibility with macOS Ventura, adds new content and brings other improvements.
Version 2.8 includes the following improvements:
• Display "My list of terms" window that includes clauses in the Sidebar view of the term sheet app.
• Added the ability to cancel the insertion of a clause in the text of the term sheet app.
• Displays the number of occurrence in the Search bar of the glossary.
• Improves sync function between text and selection of terms.
• Added new content to the glossary definition.
• Improves compatibility with macOS Ventura.
• Various Improvement of user interface.
Version 2.8 fixes the following issues:
• Fixes errors on the « Replace Text Function » of the term sheet app.
• Replace bar may not appear correctly in the term sheet app.
• Resolves the errors with the Sidebar and macOS BigSur.
• Resolves some right to left layout issues.
• Solves other problems.
Simulfund 2.8 is also available for iPhones and iPads and for more information, please visit https://simulfund.com
2.8 12/06/2022
Simulfund release 2.7 for macOS improves security, adds new features and brings other enhancements.
Version 2.7 includes the following improvements:
• Add your own Title of key terms with a "Title Dash" that can be identified and colored in the text.(1)
• Add your own key term with a "Middle Dot" that can be identified and colored in the text.(1)
• Improves the functionality that recognizes terms according to their groups in the text.
• Paste a text exported by the app to make it compatible with the Term Sheet app.(2)
• Improves the presentation and layout of new exported PDF and TXT documents.
• Adds animations to the Term Sheet app button that brings up the menu.
• Adds animations to the Navigation bar button that brings up the menu.
• Adds the ability to display the glossary in the "Split View" of the app.
• Improves text sizes in the Term Sheet app.
• Adds content to the glossary.
• Makes other improvements.
Version 2.7 fixes the following issues:
• Resolves some performance issues.
• Fixes potential security problems with memory handling.
• The Term Sheet text sizes may appear rapidly with a different sizes.
Simulfund 2.7 is also available for iPhones and iPads and for information on the security of Simulfund software, please visit https://simulfund.com -> Versions
(1) Available in "My list of terms" for current and new terms.
(2) Go to the application's system preferences and scroll to Term Sheet Information.
2.7 08/08/2022
Simulfund release 2.6.1 for macOS is now fully optimized for Apple Silicon processors, adds new contents, functionalities and other improvements.
Version 2.6 includes the following improvements:
• Addition of new terms in the "Term Sheet App".
• Now fully optimized for the new Apple Silicon processors.
• The glossary is updated with a search bar and new definitions.
• Added menus in the "Term Sheet App", requires macOS 11 or later.
• Improved layout of the Term Sheet text when displayed in full screen.
• Added "Split View" function to easily navigate or access functionalities.
• Added the ability to replace one or all occurrences in the text of the Term Sheet.
• Improved search function for next and previous occurrences in the Term Sheet text.
• Addition of the possibility to search for a term in "My List of Terms" to quickly find a clause.
• Exported PDF and TXT file titles include hour, minute and second separators.
• Improves the presentation and layout of new exported PDF documents.
Version 2.6.1 fixes the following issues:
• Resolves an issue where the Edit feature in "My List of Terms" of the Term Sheet app may not work properly when you try to organize clauses.
Simulfund 2.6.1 is also available for iPhones and iPads and for information on the security of Simulfund software, please visit https://simulfund.com
2.6.1 05/20/2022
Simulfund release 2.6 for macOS is now fully optimized for Apple Silicon processors, adds new contents, functionalities and other improvements.
This release includes the following improvements:
• Addition of new terms in the "Term Sheet App".
• Now fully optimized for the new Apple Silicon processors.
• The glossary is updated with a search bar and new definitions.
• Added menus in the "Term Sheet App", requires macOS 11 or later.
• Improved layout of the Term Sheet text when displayed in full screen.
• Added "Split View" function to easily navigate or access functionalities.
• Added the ability to replace one or all occurrences in the text of the Term Sheet.
• Improved search function for next and previous occurrences in the Term Sheet text.
• Addition of the possibility to search for a term in "My List of Terms" to quickly find a clause.
• Exported PDF and TXT file titles include hour, minute and second separators.
• Improves the presentation and layout of new exported PDF documents.
This release fixes the following issues:
• The "Restore TEXT" function may not work when an encrypted term sheet is loaded from bank.
• Re-establishes the "Undo" functionality - when the term sheet text is reseted.
• Modifies code to prevent the application from crashing in the future.
• Improves performance and provides other enhancements.
Simulfund 2.6 is also available for iPhones and iPads and for information on the security of Simulfund software, please visit https://simulfund.com
2.6 04/26/2022
Simulfund release 2.5 for macOS adds functionalities in the Term Sheet app, menu shortcuts and other performance and security improvements.
This release includes the following improvements:
• Added the ability to Search and highlight all occurrences of a word inside the text of the Term Sheet app.
• Find the number of occurrences of a word and scroll automatically to the previous or next occurrence.
• Added shortcuts with key combinations to control the Simulfund app with a keyboard.
• Adds Menu items to navigate, export and import files or control the app.
• Improved functionality of the toolbar for exporting or importing files.
• Added an item in the toolbar to reveal the Term Sheet Navigator.
• Determines if it can transfer data from cap tables to calculators.
• Redesigns the number pad of calculators.
This release fixes the following issues:
• fixed layout errors when using the Split Screen with other supported apps,
• the currency of the cap tables may not be displayed in the Term Sheet app,
• an alert may appear asking to reset the application when it is not necessary,
• fixed an error that could cause all toolbar buttons to stop working unexpectedly,
• the terms may be incorrectly inserted in text when clicking on the “synchronize” button in the Term Sheet app.
Simulfund 2.5 is also available for iOS and for information on the security of Simulfund software, please visit https://simulfund.com
2.5 12/01/2021
Simulfund release 2.4 for macOS adds functionality to import and export your standard or specific clauses with a file, improves the user interface, privacy and security.
This release includes the following improvements:
• Optimized The User Interface for macOS Big Sur.
• Adds a toolbar to make the use of the app more efficient.
• improves key term detection and document import functionality.
• Improved text colors when the application is running in dark mode.
• Optimizes the synchronization process between text and key terms.
• You can now export and import your standard or specific clauses using a file.
• Quickly load all your clauses on all your Mac and iOS devices with a single file.
• Improved data encryption process, so all your data is now completely encrypted.
• Encryption keys are automatically generated, saved and loaded to unlock your data.
• Creates new folders to save temporary files and the files with your encrypted data.
• The files with your encrypted data can be viewed in the app's Documents folder.
• Cap Tables data imported from a file can now be saved and sent to the calculators.
• You can now change the name of the company or investors directly in the term sheet app.
This release also fixes the following issues:
• Fixed a stability issue related to the import of files.
• Fixed possible crashes when resetting the app or when using the app.
• Resolved a problem that caused repeated updating of pie charts on Mac OS Big Sur.
• Addresses an issue where files exported in the document folder may be automatically erase.
• Fixes a problem where the actions window could appear in the wrong place on Mac OS Big Sur.
Simulfund 2.4 is also available for iOS and for information on the security of Simulfund software, please visit https://simulfund.com
2.4 07/01/2021
Simulfund release 2.3 for macOS introduces the Ability to import and export simulfund files, improves reliability and fixes important security issues.
This release includes the following improvements:
• Save and synchronize your Term Sheets between all your Macs, iPhones, iPads and iPods with the simulfund files.
• Work remotely with simulfund files that can be imported on all iOS and macOS simulfund apps since version 2.3.
• Easily build your deal flow and investments in Startups by exporting or importing simulfund files.
• Improves the security and encryption process of your data. (1) (2)
• Brings new improvements to the user interface.
This release also fixes the following issues:
• Fixed an issue that may cause the "Assign Preferred Shares" clause to be automatically switched on in the "Term Sheet" app
• Resolves issues that can cause errors when using the "Reinstall All" function in the Term Sheet app.
• Fixes an issue where the "Insert to Term Sheet" button was not displayed in “My List of Terms”.
• Fixed an error with the application initialization request when it is not appropriate.
• Fixes an issue when saving cap table in the “Term Sheet bank 3”.
(1) Before this update, it is recommended to export all your data.
(2) If the app is already installed, to take advantage of the new encryption process: you need to reset the "Term Sheet" app, generate a new code in "My List of Terms" and reset all existing encrypted term sheets “1”,”2”,”3” (all data can be reinstalled in the "Term Sheet" app before the reset). The fastest way is to reset the app.
Simulfund 2.3 is also available for iOS and for information on the security of Simulfund software, please visit https://simulfund.com
2.3 04/30/2021
Simulfund release 2.2 for Mac (Apple Silicon, Intel) provides improvements and security updates.
• By clicking on the "Done" button of the calculators, the data will be automatically calculated.
• The button to change the encryption key of "My List of Terms" is more accessible.
• Improved the layout space to display a currency Symbol.
• Improved the security of the app.
Simulfund 2.2 is also available for iOS devices and for information on the security of Simulfund software, please visit https://simulfund.com
2.2 02/22/2021
Simulfund 2.1 includes the following improvements:
• Updated for macOS BigSur.
• Adds a feature to reset “My list of Terms“ to default values.
• Adds a feature to erase all previous backups of the Term Sheet app.
• Adds a functionality to erase all the financial data “recommended before uninstalling the app”.
The release 2.1.1 fixes the following issues:
• The functionality to add custom currencies in the calculators and cap tables may not be accessible in the system settings.
• Addresses an issue that could prevent the navigator of the term Sheet App from appearing.
• Improved user experience when editing text in the term sheet app.
• Other stability and performance improvements.
Simulfund 2.1.1 is also available for iOS and for information on the security of Simulfund software, please visit https://simulfund.com.
2.1.1 12/12/2020
Simulfund 2.1 includes the following improvements:
• Updated for macOS BigSur.
• Adds a feature to reset “My list of Terms“ to default values.
• Adds a feature to erase all previous backups of the Term Sheet app.
• Adds a functionality to erase all the financial data “recommended before uninstalling the app”.
This release fixes the following issues:
• The app could be reinitialized and data lost in the calculators and in the term sheet app.
• During the first installation, sending data in the Term sheet app may not work.
• One Pie chart for the Investors may use the wrong color.
• Addresses Right to left layout errors.
Simulfund 2.1 is also available for iOS and for information on the security of Simulfund software, please visit: https://simulfund.com
2.1 12/01/2020
Simulfund 2.0. for iOS and macOS: Provides advanced new features, an awesome new design, important security updates with new enhancements and, in addition, is still accessible for all at a very attractive price.
New features for professionals:
• Securely write or import your own clauses in the app.
• A simple click is all it takes to insert a clause in the term sheet.
• Easily manage your standard or specific clauses in one place, hassle-free.
• Make it easy to modify or organize your clauses to draft all your contracts.
The app is completely redesigned:
• A new beautiful design for all the calculators and the Term Sheet app.
• Installs a new calculator keyboard to keep you more productive.
• Improves overall stability, performance and user experience.
• Discover the new Dark | Light appearance.
• Includes other optimizations.
New Security Improvements and updates:
• Adds double encryption to the Term Sheet text.
• All your clauses are also backed up with double encryption.
• Effortlessly create a new strong encryption key to secure your clauses.
• Generates a new encryption key for the Term Sheet app each time you reset it. (1)
• Installs protections for keyboards, the same as that required for banking apps.
• Gives you the ability to disable the "Background Protection”.
Fixes the following issues:
• Resolves an issue where pre-issue valuation data would not be sent correctly to the Term Sheet app.(2)
• Fixes an issue with the "Reinstall All" function that would prevent the installation of values in the dashboard.(3)
• Fixes an issue that could Prevent the "Clear Pie Chart" buttons from disappearing.
• Addresses other issues.
“Many thanks to customers all over the world, your comments or support are always welcome”
(1) To reset the Term Sheet app, go to system preferences.
(2) After updating, if the encryption key does not appear at the bottom of the Term Sheet app, back up the data and reset it.
(3) Concerns the term sheets that have already been saved encrypted in the app, may show wrong data on pre-issue valuation when exporting data. To fix it: use “Load” to access to the Term Sheet and choose the "Reinstall All" function, scroll to the dashboard with the cap tables, use the calculators to reinstall the same data in the dashboard and use "Encrypt Terms” to re-save your data.
Specifications For macOS
• Is only written with Apple’s Secure APIs - no third party SDKs, Trackers or Ads.
• No Runtime Exceptions, Resource Access & not vulnerable to dylib injection.
• All financial data is stored encrypted on your device and is never collected.
• 4 Years of Research & Development: more than 81 thousand lines of code.
• App Sandbox: only requires access to the user selected file to export data.
• App Sandbox: does not use incoming or outgoing network connections.
• Available in more than fifty countries for iOS, iPadOS & macOS devices.
• It lets you change all the keys used to encrypt your financial data.
• Added protection to your financial data with Face ID - Touch ID.
• Encryption keys are only stored in the Keychain of your device.
• Data protection and full encryption with different keys.
• iCloud Document to access or arrange your files.
2.0 10/01/2020
SimulFund 3.8.2 for macOS adds PDF term sheet import, “Thinking” and “Non-Thinking” modes, new 30B and 1.7B local AI models, and fixes for calculators.
Version 3.8.2 improvements and fixes:
• Import or drag and drop a PDF term sheet in chat to highlight red flags, explain key clauses, and compare deals with market standards.
• Added an option to limit the context window to the most recent information for better performance with chat history.
• The compatible AI model now also supports “Thinking” and “Non-Thinking” modes when using the chat.
• Added a fast 1.7-billion-parameter model, with “Thinking” and “Non-Thinking” modes in settings.
• Improved the Chat AI interface to prevent scrolling to the beginning when resizing the window.
• Replaced Mistral Small 24B with Qwen3-30B in the local model list.
• Fixed the errors affecting the cap table calculators.
• Improved coherence in the model descriptions.
• Removes several other errors.
Version 3.8:
• The AI chat functionality introduces a feature that can handle up to 128k tokens, enabling long and offline discussions.(1)
• The AI chat app now supports more extensive discussions by accommodating a wider range of subjects.
• It adds a new feature that enables users to save and edit prompts for AI in the term sheet editor.
• Enhanced "Hack" tool for scanning clauses that could be unusual, risky, or unfavorable.
• Prompts can now be personalized to draft, hack, and rewrite clauses of a term sheet. (2)
• The term sheet editor’s key terms detection function has been improved.
• Information for AI models and descriptions has been updated.
• Enhancing the UX to deliver a responsive user interface.
• Changing the sizes of the font has been improved.
• Improved memory handling when AI is running.
≪We’re always on the lookout for ways to make things better, and your feedback is important !≫
Simulfund 3.8.2 is also made for iOS. Visit www.simulfund.com for more information.
(1) This feature is only available on some devices and models that have a strong reasoning capacity and can handle long contexts.
(2) If you’re not a professional, consult a qualified attorney for specific legal questions or advice. Even if the new "Hack" function has been tested on clauses in other term sheets, all the information provided by this app and the AI local models is solely for informational purposes.
more Version 3.8.2 Apr 2
Data Not Collected The developer does not collect any data from this app.