All Foundersuite Reviews
1-25 of 109 Reviews
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David
Verified reviewer
Used daily for less than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed January 2018
Been great for researching and "collecting" prospective angel investors as we prepare to raise.
Large investor database (there are thousands of potential New York area investors in the system). Easy to use interface that keeps me on track with my fundraise and helps me manage investor relationships. Solid workshops and webinars about raising capital. Great customer support. I've also been using the Investor Update tool to keep our stakeholders in the loop with our progress, which they've appreciated.
CONSI originally got a 40% discount through WeWork’s Services Store. It would be nice if the discount extended forever.
Kurt
Verified reviewer
Internet
Used daily for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed December 2017
My experience has been amazing! Currently using Foundersuite daily and solves so many headaches!
Easy of use Tracking flow of investors Valuable investor related information and prospecting new investors Saves me so much time having everything in one place versus excel sheets
PROSWhat I love most is how easy things are to input and transfer around on the Kanaban board to track things. It is super easy to setup, add notes, track progress and visualize your flow of investors all in one place! Highly recommend people to use this that are running a business and need a CRM tool to track potential investors/ current investors or keep them up to date.
CONSSometimes I get logged out more than I would like, I have to login almost every time I visit the site vs it remembering my credentials.
Anonymous
Used weekly for less than 12 months
OVERALL RATING:
3
EASE OF USE
3
VALUE FOR MONEY
2
CUSTOMER SUPPORT
4
FUNCTIONALITY
2
Reviewed December 2017
Useful but kinda clunky and overpriced for an early stage startup
The investor reports are nice and easy to assemble...I need more characters but there isn't enough great things to say lol
CONSKan ban is a GREAT concept but shows less-important important info on the cards. No way to customize. And editing investor details is a pain. Haven't seen updates in awhile (reports could use some more functionality to make them great).
Vendor Response
Thanks for the review. I'd like to invite the reviewer back to take another test drive... after a lull in the earlier part of 2017, we've been adding a TON of new features... ability to add VC Firms, ability to add custom fields on the investor cards, improved CSV import, etc. As for the investor Updater tool, we are just about to launch new KPI Table (in code review) plus a tool to automatically send reports (plus track the amount of time investors spent reading your reports). Lots of good things in the works -- come back and check out what's new :)
Replied December 2017
Mike
Verified reviewer
Used weekly for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed December 2017
Exceptionally easy to tailor to my own needs; integrates well with my other software; great asset
Instant organization for the multitude of investors and investor candidates, then partners and candidate partners in our company. Foundersuite gives us shared awareness and near-real-time status on exactly where we sit on investor and biz development which grows accuracy, saves time, and streamlines what could be a laborious endeavor.
PROSYou can modify columns which give a customization flexibility to make it a useful CRM across many business domains. I used Foundersuite for our fundraising and immediately pivoted to biz dev partners and partner candidates. I had minimal instruction; discovery learning is easy. This is my first outside of a career in the military and I love it.
CONSMinor comments: SUGGESTIONS--The edit/save feature is hard to see; consequently, I sometimes forget to save an entry (per field) and often repeat the work. the email historical info is terrific, but sorting through the email message (unformatted) is difficult. If the history can preserve emails in their original format--and not just the text--it would be a massive time saver.
Woody
Verified reviewer
Computer Software, 2-10 employees
Used weekly for less than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed November 2020
bring organization to your fundraise
-Database of investors that are easily sortable by stage and industry -Ability to mail merge in the CRM
CONS-some of the UI needs a refresh, like adding notes and defaulting to show a view of the most recent activity
Evan
Verified reviewer
Used weekly for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
4
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed December 2017
Great platform for organizing all of your investor outreach in one place
Consolidation, Efficiency in fundraising efforts.
PROSI find the software to be intuitive and effective for managing your fundraising efforts. It allows you to track your communications including the ability to connect email messages to investors. It also eliminates the need to continuously update Excel sheets offline and share to track your outreach. Instead, everything is real time and offers a window for multiple users who are conducting your outreach efforts.
CONSI think the database of investor information could be expanded to reduce the individual effort to populate fields that could be pre-populated. Also, it would be great to be able to illustrate relationships between investment firms and individual investors as well as relationships between investors so that you can be aware of who may be talking with each other.
Travis
Verified reviewer
Insurance, 11-50 employees
Used daily for less than 6 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
3
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed December 2017
Fantastic. It was instrumental for management during the process for closing my second round.
Very easy to use, the software is intuitive and the layout is very clean. I really like the visualizatio of money raised/committed with the ability to put a % chance per investor. The UX and UI are great!
CONSCan't decrease box size/not able to minimize Kanban view to show the whole funnel (need to scroll). It's annoying to have to click on the Notes in order to view old entries, I wish that were the default or that there were a running list that showed an icon per interaction (ie. Called on 1/1/17 (Phone icon), and Sent deck (different icon), instead of having to click between a bunch of tabs in the investor screen.
Vendor Response
Thanks Travis for the review! Just yesterday we released a new feature that allows you to minimize each investor card (thus addressing your first issue about decreasing box size). Thanks for the great feedback!
Replied December 2017
Jeremy
Verified reviewer
11-50 employees
Used daily for less than 6 months
OVERALL RATING:
5
EASE OF USE
4
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed March 2018
Foundersuite hit the sweet spot for cost/value. It has just the rig capabilities, but simple to use.
We are able to keep our team focused on getting investors, and not on updating complicated spreadsheets.
PROSWe've been raising money for a while. Like most teams, we've been using spreadsheets to manage our investor pipeline with limited results. We finally decided to take our team to the next level and adopt a CRM. At first, we considered using our customer-facing CRM, but it just wasn't a good fit. Foundersuite hit the sweet-spot for cost/value and incorporates all of the right features we need. Most importantly it was easy for our team to learn and start using.
CONSFoundersuite is still in early releases. There are a few features that we would like to see in the app. However, the support has been excellent and some of our needs are scheduled for an upcoming release.
Marc
Verified reviewer
Computer Software, 2-10 employees
Used weekly for less than 12 months
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed November 2020
Game-changer for founders
It is the easiest to use and intuitive CRM tool that I have used. It also has a ton of resources for startup founders to save time and stay organized. My go-to feature is the investor database which makes it simple to research and qualify VC's and angels.
CONSI would like to see the investor database expand to include smaller VC funds that are starting to pop up.
Vendor Response
Marc, thank you for the review. We are undertaking a huge update of the investor database, and will be adding roughly 15,000 more investors (including many emerging and smaller VC firms) so stay tuned...
Replied November 2020
Benjamin
Verified reviewer
Used monthly for less than 6 months
OVERALL RATING:
4
EASE OF USE
4
VALUE FOR MONEY
4
CUSTOMER SUPPORT
4
FUNCTIONALITY
4
Reviewed August 2018
Looks very promising!
This is a unique tool for startups. The benefit is keeping track of investor communications and ensuring that you have the right follow ups at the right time to keep things moving.
PROSI am still in the early stages of using this software, but our startup is planning to make full use of it as we work through funding. I am an organized person myself and I like finding software that helps me to organize more effectively than I could do with generalized tools like MS Office or Google Documents. In this case I am referring to organizing the contact history. We were pleasantly surprised about how great the reporting feature helped our information look and become presentable to an investor audience. Our first uses of the reporting tool has positive impacts on responses from investors who we already had some small contact with! When I ran into one problem I was also pleasantly surprised to find that CEO had been on the chat with me.
CONSI am not far enough into the use case to be a power user or have a big picture perspective on Cons. In May'18 did find one problem with the way text was not saved when editing the report. There were two buttons involved ('Update report', 'Save report')and I was hitting 'Save' but 'Update' had to be pressed first.
Donald
Apparel & Fashion, 2-10 employees
Used daily for less than 12 months
OVERALL RATING:
5
EASE OF USE
4
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed April 2021
Really Liking Foundersuite
Raising capital is a full time job, and the learning is constant. Foundersuite enables me a great deal of flexibility and data manageability to keep it all organized and rolling forward.
PROSI have been on Foundersuite for almost 12 months. To start, I found its VC Database was very comprehensive, I added and qualified more than 50 additional VC's to top off my funnel. I'm at the point where it's a hustle, getting pitch letters out. With more than 150 VC's in my funnel, having a quick tool to sort and filter activity has been super helpful in running a strong and organized campaign. (I find taking notes to be especially helpful in keeping all the important information respective to each VC visible, saving me lots of time in having to reread websites.
CONSIt's not always intuitive, and [SENSITIVE CONTENT HIDDEN] is always there to help field questions.
Steve
Verified reviewer
Information Technology and Services, 2-10 employees
Used daily for less than 6 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed March 2019
Foundersuite experience
I'm working on trying to raise funds. So, that's a very important thing for me. I think reading some of the materials and seeing the video Representative linked to me about what you should and shouldn't do and how to get warm intros is highly valuable. There should almost be a warning when you start using the CRM that you need to learn more before trying to contact people.
PROSI love the ability to search for potential investors. It's super powerful. Being able to read how they approach funding and what they offer (pre-seed, seed, Series A) as well as if they have geographical preferences is a great way to start prequalifying leads.
CONSI would love to be able to play with cap tables online. I didn't expect it to have a cap table but it would be helpful. I like that there's a document area that provides thought leadership type material but was a little challenging (being so new to the area of fundraising) to understand what might be useful. The titles are certiainly helpful but descriptions would be even better. I also like the idea of the marketplace but there doesn't really seem to be much that I need. Maybe you could do a deal with a hosting provider and an image provider like icons8.com.
Anonymous
Used daily for less than 6 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed March 2018
Extremely easy to use and unlike most CRM platform very visual and helpful
I really liked the UI and the ease of use. I do believe every entrepreneur who is in the process of a fundraise should use Foundersuite. The excel spreadsheet are no longer sufficient to track all meetings, presentations, emails, etc. Foundersuite is the platform of the future. The founder is the true entrepreneur always willing to help his clients and fellow entrepreneurs to get funded.
CONSThe only comment I have so far is that it would be great if Foundersuite can grow the platform of investors even further. Ultimately when 80% of all angels and VCs are featured on Foundersuite it will become the ONLY CRM to be used by entrepreneurs.
Vendor Response
Thanks for the review! Your timing is excellent: we are currently adding around 10,000 VC firms and about 28,000 "alternative investors" such as family offices, fund of funds, PE firms, foundations, hedge funds, pensions, etc. into the database. Check back soon to see the greatly expanded investor search features.
Replied March 2018
Jack
Verified reviewer
Farming, 11-50 employees
Used daily for less than 6 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed March 2019
Accelerate Your Process
Using this tool has helped structure and clarify my fundraising process, which was fairly disorganized previously. It has helped hold myself accountable to following up and pushing leads to the end of the line, where they eventuate in either a rejection or an investment.
PROSThe tool is out-of-the-box useful...immediately start building investors cards and mapping them into your unique process. It honest-to-god makes it fun to cold call and get rejections and move on to the next prospect. Our rep and his team provide some of the most responsive support I've seen with any software tool.
CONSThere are micro features I wish I could change like remove a click here or there.
Jason
Management Consulting, 2-10 employees
Used daily for less than 6 months
OVERALL RATING:
2
EASE OF USE
2
VALUE FOR MONEY
1
CUSTOMER SUPPORT
1
FUNCTIONALITY
1
Reviewed November 2022
Not useable, waste money
The experience is bad. We even can not start any investor contact. They use external email integration engine which is most likely banned by Google Suite default security/privacy. So if any company using Google Suite may have the same issue.
PROSThe fundraising cycle management concept is good, that’s the reason why we subscribe this service. However, when we start using it. The poor email integration make us stopped at very beginning and can not moving forward.
CONSClean user interface and easy to understand layout.
Anonymous
51-200 employees
Used monthly for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed December 2017
If you want to raise money, and don't understand the process use Foundersuite.
The organization and the ease of use. I mean overall this the best software in the market, for all the tools you need to raise money like a pro.
PROSThe software is easy to use, and it breaks down the daunting process of research and organization and planning that goes into fundraising. It's broken down into bite sized, and project segments which can be understood by most people not used to raising capital. If you never raised capital, for a business on a professional level use this software.
CONSTheirs very little, I would say the documentation flow. Their needs to be a template for convertible debt note and stuff like that within the software, and also the connection they ask you to get recommendations. But their needs to be a warmer introduction.
Vendor Response
Thanks for the review. Just one update: there is now a convertible debt template within the Startup Docs collection.
Replied December 2017
Howard
Medical Devices, 11-50 employees
Used less than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed December 2017
Founders Suite helped us organize fund raising- it is like a CRM following up with investors
Helped us track our potential investors through the investment funnel.
PROSEasy to use and intuitive Founder's Suite helped us organize each of our investment rounds. It really helped us track conversations with potential investors and we used it to estimate the number of investors we needed to "have in the funnel" to hit each round.
Roberto
Financial Services, 11-50 employees
Used weekly for less than 6 months
OVERALL RATING:
5
EASE OF USE
4
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed December 2017
My experience with Foundersuite has been incredible from the start...thanks :)
It is easy to use and I would recommend this to everyone that has to keep track of investors along with providing investor updates (the beta function was great to use and thanks to our rep. for the intro to it). It's a product that I want to continually use unlike my old fashioned spreadsheets and trying to keep track of investors that way. He has been awesome to work with. His responsiveness to questions and extremely timely feedback has been great.
CONSI wish (and I believe it is coming) a why to send the investor update straight from the program. Wish everything would work on Chrome as it does on IE (i.e. the report date for the investor update). I'm getting pretty picky here as I'm a huge fan and have already recommended it to other founders :)
Mehmet Umut
Verified reviewer
Education Management
Used weekly for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
4
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed December 2017
I had an amazing experience with Foundersuite! It totally changed the way I connect with investors.
Organization and framework for fundraising.
PROSI love the user interface; it is self-explanatory and easy to use. I also love the customer service; they have always been there when I needed help with something.
CONSThe only con I could think of is the price. Even though it is not a lot for what they offer and I can justify this expense, every dollar counts for a bootstrapping startup.
Sandra
Verified reviewer
Used less than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
4
FUNCTIONALITY
5
Reviewed December 2017
Easy to follow UI with loads of helpful information for startup founders.
Access to templates and CRM for managing my investor conversations. The templates alone are worth thousands, no need to recreate the wheel when you have the necessary templates to customize for your business at your finger tips.
Daniel
Biotechnology, 2-10 employees
Used less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
3
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed December 2017
When rising money it's a very useful tool to keep track of the job done and how is the round going
Made much easier to follow our funding round and the organization of the job
PROSThe tool is very easy to use. It has a very well organized graphical interface in which you can find and store all the relevant information you need.
CONSWhat I definitely don't like is the fact that you have to pay to get access to higher funcionalities. If the round you are raising involves many investors you better pay
Anonymous
11-50 employees
Used weekly for less than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed December 2017
Excellent CRM for managing the start-up fundraising process
Easy to use interface, excellent integrations with 3d party services and great investor communication tools. It is very well optimized to manage your investor pipeline.
David
Verified reviewer
Financial Services
Used daily for less than 6 months
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
4
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed December 2017
Foundersuite has incredibly improved my fundraising capacity
Improved my fundraising capacity.
PROSThe drag & drop CRM workflow is ideal for fundraising. Linking emails, fundraising estimates ect. make for a powerful workflow.
CONSThe monthly cost is a bit pricey and not incredibly robust as of yet. If the feature made fundraising completely seamless, it would be a no-brainer.
Andrew
Used weekly for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed August 2018
Intuitive tools to help founders on the raising financing journey.
Deep directory of investors to search and research. Keep your network of investors updated with easy to use reporting tools.
CONSThe support team at Foundersuite are doing a great job with this platform. A couple of logistical features that should be ironed out over time.
Boyd
Information Technology and Services, 11-50 employees
Used daily for less than 6 months
OVERALL RATING:
5
EASE OF USE
5
FUNCTIONALITY
5
Reviewed January 2021
Great product for startups
The CRM is easy to use, but the supporting content is what makes a big difference.
CONSVery minor details I would have implemented differently, but nothing that impacts the effectiveness of the tool