We raised $250K on a SAFE. Here is what that means for founders
Our founder shares the story behind closing our first Friends and Family round and what we plan to build with the capital.
In February 2026, Ledgers closed a $250,000 Friends and Family round on a SAFE note. For those who have never navigated early fundraising before, this post is for you. What a SAFE is, why we chose it, and what we are doing with the capital.
What is a SAFE?
A SAFE (Simple Agreement for Future Equity) is not a loan and it is not equity yet. It is an agreement that converts into equity at a future priced round, typically at a discount or with a valuation cap that rewards early believers for taking on more risk.
We chose a SAFE because it is founder-friendly, fast to close, and does not require setting a valuation at the earliest stage when there is very little to value. Our investors get rewarded when Ledgers grows. That alignment matters to us.
Who backed us
Our Friends and Family round was led by people close to the founding team. Individuals who understood the vision before there was a product, and who believed in the founder before there was a company. That trust is not something we take lightly.
What we are building with it
The capital is going directly into product. Specifically: completing the Core and Pulse pillars of the Ledgers OS, getting Ledgie into a state where it can genuinely help a founder make a decision, and preparing for our July 1st public launch.
We will be raising a Seed round later this year. If you are an investor interested in the future of founder tooling, reach out.
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