Planned Close Date
Calendar date by which the round is expected to close (final wires received, definitive documents signed). Compared against `finance.runway_months` to detect a fundraising-against-the-clock situation. Common pitfall: planned close dates routinely slip 30–90 days in practice (collected founder postmortems on First Round Review) — boards should ask for both an "expected" and a "no-deal" date and watch the gap to actual runway exhaustion. — Fundraising KPI, I'mBoard-authored (editorial tier).
I'mBoard-authored (editorial tier)
No public third-party standard anchors this KPI yet, so I'mBoard authors and maintains the definition — transparently labeled as editorial tier. See the ontology methodology for the published vs editorial tier system and the back-attribution workstream.
Rogue ID: fundraising.planned_close_date
Type: Date
Domain: Fundraising
Definition
Calendar date by which the round is expected to close (final wires received, definitive documents signed). Compared against finance.runway_months to detect a fundraising-against-the-clock situation. Common pitfall: planned close dates routinely slip 30–90 days in practice (collected founder postmortems on First Round Review) — boards should ask for both an "expected" and a "no-deal" date and watch the gap to actual runway exhaustion.
Formula
Calendar date. Not derived — set by management. Compare to today + `finance.runway_months` to surface runway-versus-close risk.Why it matters
Single most-important fundraising deadline — drives urgency, board cadence, and bridge-financing decisions. Slippage here is the leading indicator that the round is in trouble.
How to interpret
When the planned close date is within 2 months of runway exhaustion (i.e. runway_months ≤ months_to_planned_close + 2), the board should be in active conversation about bridge financing or scope cuts. A slipping date should be paired with explicit re-baseline of runway.
Related KPIs
fundraising.round_statusfundraising.committed_amountfundraising.target_raisefinance.runway_months
Source
I'mBoard editorial — authored and maintained by I'mBoard, first published 2026-04-01. No third-party standard is cited for this KPI; when one emerges, the definition is back-attributed and promoted to the published tier (a minor version bump). Read the ontology methodology for the published vs editorial tier system, attribution rules, and dispute process.
Stage relevance
| Company stage | Priority |
|---|---|
| Pre-Seed | Core |
| Seed | Core |
| Series A | Core |
| Series B | Core |
| Series C+ | Core |
Suggested for stages: Pre-Seed, Seed, Series A, Series B, Series C+.
Default owning functions
- Finance
Machine-readable
- This KPI as JSON:
/api/ontology/fundraising/planned_close_date.json - All Fundraising KPIs:
/api/ontology/fundraising.json - Full catalog:
/api/ontology/index.json
Minimum Valuation
The lowest pre-money valuation management would accept to close the current round — the valuation walk-away floor. Distinct from the precise NVCA-defined `pre_money_valuation` (the single negotiated point that actually prices the round): this is the bottom of the acceptable band the team set going in. Common pitfall: teams anchor only on a target valuation and have no pre-agreed floor, so in a soft market they negotiate against themselves with no board-sanctioned line. Pair with `fundraising.target_valuation` to give the board the band, and read both against stage-relative ranges from quarterly Carta / PitchBook reports. — Fundraising KPI, I'mBoard-authored (editorial tier).
Post-Money Valuation
Company valuation immediately after the new round closes, including the new capital raised — the canonical "valuation" number quoted in TechCrunch headlines. Per NVCA Model Documents, post-money = pre-money + new money raised. Common pitfall: post-money math gets messy with SAFEs — modern post-money SAFEs (the YC 2018+ form, per the Y Combinator SAFE primer) fix dilution at the SAFE's valuation cap regardless of subsequent priced-round pricing, so the board should always reconcile the headline post-money against the fully-diluted cap table. — Fundraising KPI anchored to NVCA Model Legal Documents (2024 revision).