Portfolio updates
Stop chasing portfolio companies for their numbers.
Your companies already write investor updates. The work is getting them, then pulling the revenue, the cash and the customer count out of each one and typing them in. Capradix takes the update as the founder wrote it, reads it, and hands you the company, the month, every figure and a summary of the news, each one showing where it came from. You confirm, and it lands where it belongs. Companies that go quiet hear from your group, once a quarter.
How it works
- Updates arrive at your address. Your group gets its own update address. Ask companies to add it to their update list, or have the inbox where updates already arrive forward to it. One rule there covers every company at once, including the ones that never hear of Capradix.
- Capradix reads each one. The text, the tables, the pictures (a revenue chart is read too) and any PDF attached. Anything that isn’t an update, such as a newsletter or a receipt, is set aside.
- You confirm. The company and month are filled in, and each figure shows the words, table cell or chart it came from. Change anything, untick anything, then confirm. The KPIs are recorded, the email is filed on the company, and the narrative becomes a draft update for you to publish to your investors.
A worked example
Harbor Diagnostics sends its August update to its investors, with Acme Angels’ update address on the list. Revenue appears only in a chart; the rest is in a table and the text, next to forecasts for next year.
| Field | Proposed | Read from | Confidence |
|---|---|---|---|
| Company | Harbor Diagnostics | sender’s domain and signature | high |
| Month | August 2026 | subject: «Investor Update — August 2026» | high |
| Revenue, the month | $410,000 | chart, August point: an estimate | low |
| Contracted ARR | $3,900,000 | text: «$3.9M contracted ARR» | high |
| Customers | 7 | table: «Logos signed | 7» | medium |
| Gross margin | 60.00% | table: «~60%», approximate | medium |
| 2027 forecast | not recorded | a projection, never read as an actual | |
| Revenue, year to date | kept in the notes | not a month’s or a quarter’s figure |
The revenue came from a chart because the update states it nowhere else, and the reading says so. Confirming it records it with a note that it was estimated from a chart.
Below the figures is the narrative: a few plain sentences on how the quarter went, the highlights, the challenges, and the asks (here, introductions to hospital CFOs). You edit it, confirm, and it waits as a draft until you publish it to the investors in Harbor Diagnostics.
Your portfolio, as it happens
Every update lands in one feed, newest first, next to the messages your group has sent. Your investors get their own: only the companies they are in, only what you have published.
Signed a seventh hospital system and started installs at two sites. Revenue for the month about $410,000. Asking for introductions to hospital CFOs in the Midwest.
Northwind is raising a $4M extension and has offered our investors an allocation. Details and the deck are on the company’s page.
First paid orchard deployment in Washington. The harvest pilot slipped a month on a parts shortage.
The past year, in a paragraph
At the top of each company’s page, a summary of the year written from its updates: the customers won and lost, the team, the fundraising, the setbacks, and what the company keeps asking for. Figures appear when the update explains them. Every point shows the updates it came from. It describes and never rates the company; how the company is doing is your call. Your investors see a version only you can publish, written only from what they can already see.
Northwind Robotics spent the year moving from warehouse pilots to paid contracts, hired a VP Sales, and began raising a $4M seed extension, about half committed by September.
- One of two Q4 pilots converted to a paid contract; the other paused over the customer’s budget. (Dec 2025 update; Mar 2026 update)
- Revenue was flat in Q3, $390k to $380k, which the company puts down to one customer delaying a rollout. (Sep 2026 update; Revenue, Q2 and Q3 2026)
- The same ask twice this year: introductions to logistics operators. (Mar 2026 update; Sep 2026 update)
Monthly or quarterly, it fits
Some companies report every month, others every quarter. Each figure keeps what it covers, so one company’s August revenue and another’s third quarter sit in the same KPI. A quarter without its own figure shows its three months added up, marked as such. When a company restates a number, you see the old value next to the new one before anything changes, and the correction is kept in the record’s history.
From numbers to a valuation
A company that last raised three years ago is still marked at that round’s price in most portfolios. Instead, you can value it at a multiple of a KPI, such as ten times annualized revenue, but only once its latest round is older than a cutoff you set, such as eighteen months. Until then the round sets the value; a new priced round or SAFE starts the clock again. Set the KPI, the multiple and the cutoff for your whole portfolio, and change them for any company. Every page that shows the valuation says it came from the KPI, and from which figure.
Chasing, handled
- Once a quarter, never more. A reminder a week before the update is due, one on the day, and one a week and two weeks after. Then it stops.
- From your group, not from us. The reminder comes from your group’s name, and a reply with the update lands straight back in your updates.
- Only who you choose. Every portfolio company, or only those where you hold information rights, with any company switched on or off by itself. Or send one now, from the company’s page.
- One view of who is late. Every company against the last four quarters: received, due, or late, with the reminders already sent.
What it will not do
- It never records anything on its own. Every reading is a proposal until you confirm it.
- It never invents a figure. What the update does not state stays blank.
- It never counts a forecast as a result.
- It never rates a company. How it is doing is your group’s call.
- It never shows your investors anything you haven’t published. The email itself stays with your administrators.
What is behind it
- The reading is done by a large language model from Anthropic, working from a guide we wrote for investor updates.
- An update is used only to produce the proposal and is never used to train anything. One you file is kept like any document; anything left unfiled is deleted after thirty days. The Privacy Policy and Security Policy spell this out.