Monthly updates arrive late, in whatever format each founder likes, and you can't check any of it. Ledgers gives you live cash, burn and runway from every company that shares with you — each figure traceable to the journal entry and document behind it. Free for investors, always.
A portfolio update is a founder's summary of a spreadsheet built from books you've never seen. By the time it reaches you it's weeks old, and the one company you should be worried about is usually the one that went quiet.
Reconcile six different spreadsheets. Hope they're current.
One list, sorted by shortest runway. Anything under six months is flagged.
You take the founder's word for it.
Click any figure and read the journal entries and documents behind it.
Chase. Wait. Chase again.
The room is live. You look when you want, without asking.
Every company you follow in one list — cash, monthly burn, runway — shortest runway at the top. Anything under six months lands on a watchlist.
Figures come from the company's live ledger, not a summary they typed. Each one traces back to journal entries, source documents and an audit trail.
A founder can open the room to read-only profit & loss, balance sheet and trial balance — the real ones, straight from the ledger. Payroll, contacts and directors' personal accounts are never included, which is why founders are willing to turn it on.
Customers and suppliers appear as 'Customer A', 'Customer B' unless the founder chooses to reveal them. Commercially sensitive detail stays the company's.
Companies are grouped by their own currency. No invented combined total from a made-up exchange rate — if the portfolio spans currencies, it says so.
Founders draft the monthly update straight from their books, edit it, and publish. You read the note beside the numbers it came from.
Pull the whole portfolio to CSV for your own model or LP reporting.
You never see anything a company hasn't chosen to share, and they can stop at any moment. That's not a limitation we're apologising for — it's the reason founders are willing to share live books at all.
A founder creates an Investor Room and sends you a link. They pick the depth — headline figures, the full picture, or the statements themselves — and the room tells you which one you're looking at.
Open the link while signed in and the company appears in your portfolio, updating as their books do.
Access ends the moment they revoke, and the company stops appearing. No negotiation, no export of what you'd already seen.
Invite them from your portfolio. Whether to run their books on Ledgers is their decision — they're the customer — and whether to share those books with you is a second, separate decision. An invitation gives you nothing on its own.
What it doesn't cost them is anything: every company can share one room with one investor for free, permanently. It isn't a trial and it doesn't run out. So “we'd have to pay for that” isn't a reason for them to say no — and most founders share once they see the alternative is writing you a monthly summary by hand.
Ledgers is the accounting platform your companies run on, and the investor view is a window onto it. It isn't a cap-table service, a data room, an LP-reporting tool or a fundraising CRM — and it won't show you a company that hasn't shared with you. If none of your portfolio uses Ledgers yet, there's nothing here for you until one of them does.
Create a free investor account, and follow every company that shares with you from one page — sorted by who needs you first.
Create a free investor account →