Company Valuations: Create, Edit, and Publish in Centi

Create draft valuations in Centi, set enterprise value and per-security pricing, then publish to make the current valuation and optionally display it in the Investor Portal.

Valuations in Centi give fund managers a structured way to record the estimated value of portfolio companies at a point in time. A valuation captures the enterprise value of the target company, derives an equity value by accounting for debt and cash, and then distributes that value across each class of security — producing a per-unit price for shares, options, and convertibles. Published valuations are used to price securities across the platform: they appear in cap tables, inform repurchase pricing, and can be made visible to investors in the Investor Portal. Until you publish a valuation, it remains a private draft that you can edit freely.

Valuation types

Centi supports three valuation types, each suited to a different stage of the investment lifecycle:

Type	Display name	When to use
Entry	Entry	Record the valuation at the time of an initial investment
Formal	Fair market value	Record a formal, audited, or board-approved fair market value
Exit	Projected	Model a projected exit value (future dates are permitted)

Entry and Formal valuations cannot be dated in the future. Only Projected (Exit) valuations accept a future valuation date.

Valuation statuses

Status	Description
Draft	The valuation is editable and not yet visible
Published	The valuation is finalised, read-only, and may be visible to investors depending on security visibility settings

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Create a valuation

1. Open Valuations

   Navigate to Valuations in the Fund Portal sidebar.

2. Start a new valuation

   Select Create valuation. A dialog opens prompting you for a name, valuation date, and valuation type.

3. Enter the name, date, and type

   Provide a descriptive name (up to 255 characters), select the valuation date, and choose a type: Entry, Formal, or Projected. Then confirm to create the valuation.

Centi creates the valuation in Draft status and takes you directly into the create view.

The create view organises your valuation into sections, listed in the left sidebar. A completion indicator shows which sections still need input before the valuation is ready to publish.

Valuation details

Set or update the display name, an optional description, and an optional information note for investors that will accompany the valuation when it is visible in the Investor Portal.

Enterprise valuation

Enter the financial inputs that determine the equity value available to shareholders:

Field	Required	Description
Enterprise Valuation	Yes	The total enterprise value of the target company
Debt	No	Debt to be deducted from enterprise value
Cash	No	Cash to be added back to enterprise value
Resulting equity value	Calculated	Enterprise Valuation − Debt + Cash (displayed automatically)

Company securities

For each company in the valuation Centi displays the securities held by shareholders. Enter a price per unit for each security class. These per-unit prices are what investors and cap table calculations use.

You must enter at least one security valuation before you can publish. The Publish button remains disabled until at least one security has a value.

Save your work

While a valuation is in Draft status, use the Save button in the top-right corner to save changes at any time.

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Control security visibility in the Investor Portal

By default, no security valuations are visible to investors, even after publishing. Use the Security visibility tab within the valuation edit view to control exactly which securities investors can see.

1. Open the Security visibility tab

   In the valuation edit view, select the Security visibility tab at the top of the page.

2. Enable visibility for individual securities

   Check the box next to each security whose per-unit valuation you want to expose to shareholders. You can also check All security valuations visible to enable all at once, or use the company-level checkboxes to toggle an entire company’s securities together.

Visibility changes take effect immediately and can be reversed at any time by unchecking the relevant box — even after the valuation is published.

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Publish a valuation

Publishing converts a Draft valuation to a permanent, read-only Published state. Once published, the valuation:

• Cannot be modified — all fields become read-only
• Appears in cap tables and the organisation overview
• Informs repurchase pricing for any repurchase programs that reference it
• Is visible to investors for any securities you have enabled in Security visibility

1. Complete at least one security valuation

   Ensure you have entered a price per unit for at least one security. The Publish button is disabled until this condition is met.

2. Click Publish

   Select Publish in the top-right corner of the valuation edit view.

3. Confirm publication

   A confirmation dialog reminds you that publishing is irreversible. Select Publish to confirm.

Publishing a valuation is permanent. Once published, you cannot edit any valuation fields or delete the valuation. If you discover an error in a published valuation, create a new valuation with the correct values.

Centi saves any unsaved draft changes before publishing, so you do not need to manually save first.