Series A · Active Governance Score: 74
Founder Vote %
67.4%
↑ Super-voting class active
Board Control
3 / 5
↑ Majority held
Founder Equity
34.2%
↓ Post Series A dilution
Reserved Matters
8 / 12
4 pending negotiation
Runway (months)
18
↑ Post-raise

Governance Health Score

Updated today
74
/ 100
Voting Architecture
90
Board Composition
75
Reserved Matters
67
Investor Alignment
80
Drag-Along Design
55
Pro-Rata Rights
60

Voting Power Distribution

Class A + Class B shares
Founder (Class B 10x) 67.4%
Series A Preferred 18.6%
Angel / Pre-Seed 8.0%
ESOP Pool 6.0%
Class B 10x Vote Multiplier Active
34.2% equity stake controls 67.4% of votes via super-voting structure.

Board Composition

5-seat structure
Founder
Edison T.
Since founding
Co-Founder
Co-Founder B
Since founding
Series A Lead
Investor A
Since 2024
Independent
Ind. Director
Founder-nominated
Vacant
Open seat
Under negotiation
3–2
Founder majority
4
Required for quorum
1
Seat unresolved

Governance Alerts

3 active
🔴
Drag-Along Trigger Unresolved
Investor controls drag trigger threshold. Renegotiate majority definition to require founder consent.
Critical
🟡
4 Reserved Matters Pending
IP transfer, debt ceiling, equity issuance >15%, change of control not yet formally reserved.
High
🟡
Pro-Rata Rights Not Exercised
Founder pro-rata right available in upcoming bridge. Exercise to prevent silent dilution.
Medium
🟢
Super-Voting Structure Intact
Class B 10x vote multiplier confirmed. No conversion trigger conditions met.
OK

Financing History

Dilution trail
Founding RM 50K bootstrapped
Founder equity: 100% → Class B (10x) issued · 2022
Pre-Seed / Angels RM 500K
Class A ordinary shares · Post-money val RM 5M · 2023
Series A RM 3.5M
Series A Preferred · Post-money RM 18M · 2024 · Lead: Investor A
Bridge (Planned) RM 1.5M
Exercise pro-rata rights before closing · Q2 2025
Series B (Target) RM 15M+
Re-negotiate board seats and sunset clauses before close

Protective Provisions

Reserved matters tracker
M&A / Sale of company Founder + 75% vote
New equity issuance (>10%) Board + Founder class
CEO removal / appointment Founder veto right
Charter / bylaw amendments Class B supermajority
Debt above RM 2M threshold Pending charter
Core IP transfer / license Pending charter
Equity issuance 10–15% band Not reserved
Drag-along trigger definition Investor-controlled