Current version of Simulfund * Term Sheet & Funding – Venture Capital Simulator

Version History



This release fixes the following issues for iOS:

    • Removes several user interface errors.
    • The keyboard calculator for iPads may not work properly in landscape mode.


This release fixes the following issues for Macs:

    • Adds a version for ARM Macs.
    • Removes several user interface errors.


This release includes the following improvements for iOS, iPadOS:

    • Adds the ability to detect if clauses from “My List of Terms” are inserted in the text of the term sheet.
    • Ameliorates security to counter malicious scripts that try to read or write data in an app.
    • The "My list of terms" view is now presented in half size in the term sheet app.
    • Get the ability to resize the "My Terms List" view in the term sheet app.
    • Improves the functionality that detects key terms in the Term Sheet.
    • Sort the definitions in the glossary in alphabetical order.
    • Updates the glossary interface to improve readability.
    • Improves compatibility with iOS 17.
    • Additions of new content.

This release fixes the following issues for iOS:

    • Resolves an issue that could cause layout errors in calculators with iPhone Pro Max and Plus models.
    • Fixed an issue where the title color of a key term could not be displayed correctly.
    • Addresses a stability issue with “My List of Terms” data.


This release includes the following improvements for Macs (Apple Silicon,Intel):

    • Adds the ability to detect if clauses from “My List of Terms” are inserted in the text of the term sheet.
    • Ameliorates security to counter malicious scripts that try to read or write data in an app.
    • Increases performance and makes modifications to the user interface.
    • Improves the functionality that detects key terms in the Term Sheet.
    • Sort the definitions in the glossary in alphabetical order.
    • Updates the glossary interface to improve readability.
    • Improves compatibility with macOS Sonoma.
    • Additions of new content.

This release fixes the following issues for Macs:

    • Fixed an issue where the title color of a key term could not be displayed correctly.
    • Removes errors to improve the display of the glossary content.
    • Addresses a stability issue with “My List of Terms” data.



This release includes the following improvements for iOS, iPadOS:

    • Adds two classes of small and medium-sized widgets, one for Investing and the other for Financing.
    • The data protection function applies to widgets, when activated, the widgets data is deleted.
    • The 2 classes of Widgets can launch the corresponding calculator and the term sheet app.
    • Adds a multitasking feature with Dynamic Island when the app is in the background.
    • Improves the functionality to deactivate the data protection of the app.
    • Various user interface and other improvements.
    • Additions and updates of content.

This release fixes the following issues for iOS:

    • Fixes user interface errors in iPhone 14 Plus and 14 Pro Max.
    • Improves security by correcting a potential leak of an object.
    • Resolves some issues with right-to-left layouts.
    • Solves other problems.


This release includes the following improvements for Macs (Apple Silicon,Intel):

    • Adds two classes of small and medium-sized widgets, one for Investing and the other for Financing.
    • The data protection function applies to widgets, when activated, the widgets data is deleted.
    • The 2 classes of widgets can launch the corresponding calculator and the term sheet app.
    • Improves the functionality to deactivate the data protection of the app.
    • Various user interface and other improvements.
    • Additions and updates of content.

This release fixes the following issues for Macs:

    • Improves security by correcting a potential leak of an object.
    • Fixes user interface errors.
    • Solves other problems.


This release fixes the following issues for iOS:

    • Resolves some errors with the user interface in the "Financing" calculator.

This release fixes the following issues for Macs:

    • Resolves some errors with the user interface in the "Financing" calculator.



This release includes the following improvements for iOS, iPadOS:

    • Strengthens data protection when the app closes or when it runs in the background.
    • Added functionality to drag and drop your clauses directly in term sheet text.
    • The Term Sheet App is now more suitable for the use of right-to-left layouts.
    • Enhances exported documents for those who need right-to-left layouts.
    • Improves the functionality to rearrange your clauses in "My list of terms".
    • Various user interface and other improvements.
    • Additions of new content.

This release fixes the following issues for iOS:

    • Resolves some issues when the app uses dark mode.
    • Calculators keyboard may not appear in iPhone 14 pro max.
    • Fixed a stability issue related to authentication with Face ID or Touch ID.
    • Prevents your data from being leaked in memory when it runs in the background.
    • The "Edit" function in "My List of Terms" may not work when you try to rearrange clauses.
    • Fixes an issue that could prevent to display the code used to encrypt data in calculators under iOS 12.


This release includes the following improvements for Macs (Apple Silicon,Intel):

    • Strengthens data protection when the app closes or when it runs in the background.
    • The Navigator Bar in the Term Sheet app displays the key terms detected in the text.
    • Click on the key terms displayed in the Navigator Bar to automatically scroll to them.
    • Added functionality to drag and drop your clauses directly in term sheet text.
    • The Term Sheet App is now more suitable for the use of right-to-left layouts.
    • Enhances exported documents for those who need right-to-left layouts.
    • Improves the functionality to rearrange your clauses in "My list of terms".
    • Various user interface and other improvements.
    • Additions of new content.

This release fixes the following issues for Macs:

    • Resolves some issues when the app uses dark mode.
    • Fixed a stability issue related to authentication with Touch ID.
    • Prevents your data from being leaked in memory when it runs in the background.
    • The "Edit" function in "My List of Terms"may not work when you try to rearrange clauses.



This release includes the following improvements for iOS, iPadOS:

    • Added the possibility to see the number of occurrence in the search bar of the glossary.
    • Improves sync function between text and selection of terms.
    • Adds compatibility for iPhone 14 Pro and 14 pro max.
    • Added content to the glossary definition.
    • Improves compatibility with new iOS 16.
    • Various Improvement of user interface.

This release fixes the following issues for iOS:

    • Fixes errors on the « Replace Text Function » of the term sheet app.
    • Replace bar may not appear correctly in the term sheet app.
    • Resolves some right to left layout issues.
    • Solves other problems.


This release includes the following improvements for Macs (Apple Silicon,Intel):

    • Display "My list of terms" window that includes clauses in the Sidebar view of the term sheet app.
    • Added the ability to cancel the insertion of a clause in the text of the term sheet app.
    • Displays the number of occurrence in the Search bar of the glossary.
    • Improves sync function between text and selection of terms.
    • Added new content to the glossary definition.
    • Improves compatibility with macOS Ventura.
    • Various Improvement of user interface.

This release fixes the following issues for Macs:

    • Fixes errors on the « Replace Text Function » of the term sheet app.
    • Replace bar may not appear correctly in the term sheet app.
    • Resolves the errors with the Sidebar and macOS BigSur.
    • Resolves some right to left layout issues.
    • Solves other problems.



This release includes the following improvements for iOS, iPadOS:

    • Add your own Title of key terms with a "Title Dash" that can be identified and colored in the text.
    • Add your own key term with a "Middle Dot" that can be identified and colored in the text.
    • Improves the functionality that recognizes terms according to their groups in the text.
    • Paste a text exported by the app to make it compatible with the Term Sheet app.
    • Improves the presentation and layout of new exported PDF and TXT documents.
    • Adds animations to the Term Sheet app button that brings up the menu.
    • Adds animations to the Navigation bar button that brings up the menu.
    • Improves text sizes for the iPads in the Term Sheet app.
    • Adds content to the glossary.
    • Makes other improvements.

This release fixes the following issues for iOS:

    • Resolves some performance issues.
    • Fixes potential security problems with memory handling.
    • "My List of Terms" may use the wrong animation when it appears.


This release includes the following improvements for Macs (Apple Silicon,Intel):

    • Add your own Title of key terms with a "Title Dash" that can be identified and colored in the text.
    • Add your own key term with a "Middle Dot" that can be identified and colored in the text.
    • Improves the functionality that recognizes terms according to their groups in the text.
    • Paste a text exported by the app to make it compatible with the Term Sheet app.
    • Improves the presentation and layout of new exported PDF and TXT documents.
    • Adds animations to the Term Sheet app button that brings up the menu.
    • Adds animations to the Navigation bar button that brings up the menu.
    • Adds the ability to display the glossary in the "Split View" of the app.
    • Improves text sizes in the Term Sheet app.
    • Adds content to the glossary.
    • Makes other improvements.

This release fixes the following issues for Macs:

    • Resolves some performance issues.
    • Fixes potential security problems with memory handling.
    • The Term Sheet text sizes may appear rapidly with a different sizes.



This release fixes the following issue for iOS and macOS:

    • Resolves an issue where the Edit feature in "My List of Terms" of the Term Sheet app may not work properly when you try to organize clauses.



This release includes the following improvements for iOS, iPadOS:

    • Addition of new terms in the "Term Sheet App".
    • Improved use with keyboards designed for iPads.
    • The glossary is updated with a search bar and new definitions.
    • Added menus in the "Term Sheet App", requires iOS 14 or later.
    • Improves the presentation and layout of exported PDF documents.
    • Exported PDF and TXT file titles include hour, minute and second separators.
    • Added the ability to replace one or all occurrences in the text of the Term Sheet.
    • Improved search function for next and previous occurrences in the Term Sheet text.
    • Addition of the possibility to search for a term in "My List of Terms" to quickly find a clause.
    • Improved layout of the Term Sheet text when keyboard appear or when displayed in full screen.

This release fixes the following issues for iOS:

    • The "Restore TEXT" function may not work when an encrypted term sheet is loaded from bank.
    • Re-establishes the "Undo" functionality - when the Term Sheet text is reseted.
    • Adresses an issue with Saving new terms in "My List of Terms" on iPad.
    • Modifies code to prevent the application from crashing in the future.
    • Improves performance and provides other enhancements.


This release includes the following improvements for Macs (Apple Silicon,Intel):

    • Addition of new terms in the "Term Sheet App".
    • Now fully optimized for the new Apple Silicon processors.
    • The glossary is updated with a search bar and new definitions.
    • Added menus in the "Term Sheet App", requires macOS 11 or later.
    • Improved layout of the Term Sheet text when displayed in full screen.
    • Added "Split View" function to easily navigate or access functionalities.
    • Added the ability to replace one or all occurrences in the text of the Term Sheet.
    • Improved search function for next and previous occurrences in the Term Sheet text.
    • Addition of the possibility to search for a term in "My List of Terms" to quickly find a clause.
    • Exported PDF and TXT file titles include hour, minute and second separators.
    • Improves the presentation and layout of new exported PDF documents.

This release fixes the following issues for Macs:

    • The "Restore TEXT" function may not work when an encrypted term sheet is loaded from bank.
    • Re-establishes the "Undo" functionality - when the term sheet text is reseted.
    • Modifies code to prevent the application from crashing in the future.
    • Improves performance and provides other enhancements.



This release includes the following improvements for iOS, iPadOS:

    • Optimizes The User Interface and animation for iOS 15.
    • Determines if it can transfer data from cap tables to calculators.
    • Improved the functionality to adjust the font to your preferences.
    • Adds access to the application's document directory on your device.
    • Get the Ability to Save your pdf, csv, txt or simulfund files on your devices.
    • Transfer or backup your files by connecting your devices to your Mac and using the Finder.
    • Split view is now supported and allows you to work with other supported apps on the same screen.
    • You can now search and highlight all the occurrences of a word inside the text of the Term Sheet app.
    • Adds the option to see the number of occurrences of a word and automatically scroll to the next matches.

This release fixes the following issues for iOS:

    • resolves an issue with iCloud Document,
    • the iPad's number pad may have an incorrect layout in landscape mode,
    • an alert may appear asking to reset the application when it is not necessary,
    • the currency of the cap tables may not be displayed in the Term Sheet app.


This release includes the following improvements for Macs (Apple Silicon,Intel):

    • Added the ability to Search and highlight all occurrences of a word inside the text of the Term Sheet app.
    • Find the number of occurrences of a word and scroll automatically to the previous or next occurrence.
    • Added shortcuts with key combinations to control the Simulfund app with a keyboard.
    • Adds Menu items to navigate, export and import files or control the app.
    • Improved functionality of the toolbar for exporting or importing files.
    • Added an item in the toolbar to reveal the Term Sheet Navigator.
    • Determines if it can transfer data from cap tables to calculators.
    • Redesigns the number pad of calculators.

This release fixes the following issues for Macs:

    • fixed layout errors when using the Split Screen with other supported apps,
    • the currency of the cap tables may not be displayed in the Term Sheet app,
    • an alert may appear asking to reset the application when it is not necessary,
    • fixed an error that could cause all toolbar buttons to stop working unexpectedly,
    • the terms may be incorrectly inserted in text when clicking on the “synchronize” button in the Term Sheet app.


This release includes the following improvements for iOS, iPadOS and Macs (Apple Silicon,Intel):

    • Optimized The User Interface for macOS Big Sur.
    • Adds a toolbar to make the use of the app more efficient for macOS Big Sur.
    • improves key term detection and document import functionality.
    • Improved text colors when the application is running in dark mode.
    • Optimizes the synchronization process between text and key terms.
    • You can now export and import your standard or specific clauses using a file.
    • Quickly load all your clauses on all your Mac and iOS devices with a single file.
    • Improved data encryption process, so all your data is now completely encrypted.
    • Encryption keys are automatically generated, saved and loaded to unlock your data.
    • Creates new folders to save temporary files and the files with your encrypted data.
    • The files with your encrypted data can be viewed in the app's Documents folder.
    • Cap Tables data imported from a file can now be saved and sent to the calculators.
    • You can now change the name of the company or investors directly in the term sheet app.

This release fixes the following issues:

    • Fixed a stability issue related to the import of files.
    • Fixed possible crashes when resetting the app or when using the app.
    • Resolved a problem that caused repeated updating of pie charts on Mac OS Big Sur.
    • Addresses an issue where files exported in the document folder may be automatically erase on Mac OS Big Sur.
    • Fixes a problem where the actions window could appear in the wrong place on Mac OS Big Sur.


This release includes the following improvements for iOS, iPadOS and Macs (Apple Silicon,Intel):

    • Save and synchronize your Term Sheets between all your Macs, iPhones, iPads and iPods with the simulfund files.
    • Work remotely with simulfund files that can be imported on all iOS and macOS simulfund apps since version 2.3.
    • Easily build your deal flow and investments in Startups by exporting or importing simulfund files.
    • Improves the security and encryption process of your data.
    • Brings new improvements to the user interface.

This release fixes the following issues:

    • Fixed an issue that may cause the "Assign Preferred Shares" clause to be automatically switched on in the "Term Sheet" app.
    • Resolves issues that may cause errors when using the "Reinstall All" function in the Term Sheet app.
    • Fixes an issue where the "Insert to Term Sheet" button was not displayed in “My List of Terms”.
    • Fixed an error with the app initialization request when it is not appropriate.


Simulfund release 2.2 for iOS, iPadOS and Mac (Apple Silicon, Intel):

    • By clicking on the "Done" button of the calculators, the data will be automatically calculated.
    • The button to change the encryption key of "My List of Terms" is more accessible.
    • Improved the layout space to display a currency Symbol.
    • Improved the security of the app.


This release fixes the following issues:

    • The functionality to add custom currencies in the calculators and cap tables may not be accessible in the system settings.
    • Addresses an issue that could prevent the navigator of the term Sheet App from appearing.
    • Improved user experience when editing text in the term sheet app.
    • Other stability and performance improvements.


Simulfund 2.1 for iOS and macOS includes the following improvements:

    • Updated for iOS 14.2 and macOS BigSur.
    • Adds support for Display Zoom feature for iPhones.
    • Adds a feature to reset “My list of Terms“ to default values.
    • Adds a feature to erase all previous backups of the Term Sheet app.
    • Adds a functionality to erase all the financial data “recommended before uninstalling the app.

This release fixes the following issues:

    • The app could be reinitialized and data lost in the calculators and in the term sheet app.
    • During the first installation, sending data in the Term sheet app may not work.
    • Fixes an issue that could prevent access to text when the keyboard appears.
    • One Pie chart for the Investors may use the wrong color.
    • Addresses Right to left layout errors.


Simulfund 2.0. for iOS and macOS: Provides advanced new features, an awesome new design, important security updates with new enhancements.


New features for professionals:

    • Securely write or import your own clauses in the app.
    • A simple click is all it takes to insert a clause in the term sheet.
    • Easily manage your standard or specific clauses in one place, hassle-free.
    • Make it easy to modify or organize your clauses to draft all your contracts.

The app is completely redesigned:

    • A new beautiful design for all the calculators and the Term Sheet app.
    • Installs a new calculator keyboard to keep you more productive.
    • Improves overall stability, performance and user experience.
    • Discover the new Dark | Light appearance.
    • Includes other optimizations.

New Security Improvements and updates:

    • Adds double encryption to the Term Sheet text.
    • All your clauses are also backed up with double encryption.
    • Effortlessly create a new strong encryption key to secure your clauses.
    • Generates a new encryption key for the Term Sheet app each time you reset it. (1)
    • Installs protections for keyboards, the same as that required for banking apps.
    • Gives you the ability to disable the "Background Protection”.

Fixes the following issues:

    • Resolves an issue where pre-issue valuation data would not be sent correctly to the Term Sheet app.(2)
    • Fixes an issue with the "Reinstall All" function that would prevent the installation of values in the dashboard.(3)
    • Fixes an issue that could Prevent the "Clear Pie Chart" buttons from disappearing.
    • Addresses other issues.

(1) To reset the Term Sheet app, go to system preferences.

(2) After updating, if the encryption key does not appear at the bottom of the Term Sheet app, back up the data and reset it.

(3) Concerns the term sheets that have already been saved encrypted in the app, may show wrong data on pre-issue valuation when exporting data. To fix it: use “Load” to access to the Term Sheet and choose the "Reinstall All" function, scroll to the dashboard with the cap tables, use the calculators to reinstall the same data in the dashboard and use "Encrypt Terms” to re-save your data.




User Interface Enhancement - Dark-Light Modes - New Security Update *** The new Simulfund app for macOS is now available at a reduced price for limited time ***

    ・Dark | Light modes.
    ・Improvements for iOS 13.
    ・The AES code generated by the term sheet simulator and used to encrypt and save a term sheet can now be displayed.(1)
    ・Check the Synchronization of terms between text and selections runs also with your encrypted term sheets.
    ・Every new encrypted term-sheets can now be exported decrypted as PDFs or TXTs.
    ・Fix UI issues for iPad and iPhone.
    ・Resolves issues for Right to Left Mode.
    ・Reduce energy impact.

(1) Important: This update changes the way a term sheet is encrypted and saved. Your previous encrypted term sheets can be loaded in the system menu of the app (scroll at the bottom of the menu system of the app).



New Powerful Features and "Term Sheet Simulator Sync"

    ・Seeing the texts about the terms is easier than before with the new widescreen feature.
    ・Selected key terms can be automatically detected and added as text in the Term Sheet Simulator.
    ・All key term selections can be added or synchronized in one action.
    ・If the text of the term sheet information has been imported from another Simulfund app: key terms embedded in the text may be detected and reported in the Term Sheet Simulator to be compared to your own selections.
    ・Previous encrypted texts with AES can be rapidly decrypted and loaded into the Term Sheet Simulator.
    ・Before exporting to PDF or encrypting the entire simulation, the new "sync function" can detect whether your selections are presented and synchronized with the information text of the term sheet.
    ・All key term selections can be added or synchronized in one action.

Important Security Update and New "Data protection Feature"(1)(2)(3)(4)(5)

    ・To make this application more secure: All your data is now stored locally in protected or encrypted containers.
    ・Whenever the application runs in the background, or not the data protection feature checks to see if the Data Protection Feature is enabled before reloading your data.
    ・All The texts about the terms is now secured in a new protected container with the secure iOS API.
    ・Your calculations of Pie charts and Cap Table are saved in encrypted containers.
    ・Each selection of terms is stored separately in encrypted containers.

    (1) The data can only be read when your device or the Simulfund app is unlocked.
    (2) Your Data* is locked until the Simulfund app or device is unlocked.
    (3) The Data protection feature checks whenever necessary if your saved data can be loaded from their protected containers.
    (4) No third party SDK, no tracking, no ads, no collection of your data and no need to get an account.
    (5) Simulfund is coded with iOS secure APIs and works completely offline.
    (*) it is recommended to export your data before switching devices.

Others Improvements and UI Optimizations

    ・All term sheet text can be exported or imported quickly into the app menu system.
    ・The data protection signal tells you if something is detected about the security of the app.
    ・You can now insert the currency you need into the Simulfund app menu system.
    ・Resolves issues that affect UI - iPad.
    ・Includes some modifications for iOS 13.


Export or share data as text: The data, incorporating your information, the new capitalization, the pre-money value and the investment amount can be exported as TXT files to iCloud.


New security features: All the new Term Sheet Simulations and data stored in these containers are encrypted using AES encryption and iOS secure API to further improve privacy. (1) (2)


Increases performance and UI:

    ・User Interface enhancements, such as interaction alerts and new gestures to navigate.
    ・Resolves issues that affect UI - iPad.
    ・Others UI updates and solves performance issues.
    ・Unlock the app with Touch ID or Face ID is faster.

(1) It is recommended to back up the data before updating to the new encryption features. (2) The passwords are automatically generated and saved encrypted in a secure and private container - the Data, Text and Terms are encrypted in files saved in the app - Each files uses its own secure password.



Night mode: Writing several drafts of your "Term Sheet" at night with your iPad or iPhone is easier than before, thanks to a superb graphic appearance adapted to the night.

Optimizations for OLED screens: iPhone X, iPhone XS and iPhone XS Max users benefit from an advantage when Night Mode is activated: it reduces the energy impact while giving the Simulfund app a new and stunning look.

To activate the Night Mode of the app, go to iOS System preferences - General - Accessibility - Display Accommodations - and Turn on Smart Invert; it is also possible to create a Shortcut with Smart Invert within Accessibility settings.

Introduces minor improvements, fixes issues on iPad with the reminder features of the Term Sheet Simulator and adds new currency symbols: Norway - Krone - kr, Korea - Won - ₩, South Africa - Rand - R.



The Term Sheet Simulator can now generate attractive PDFs incorporating your informations, the new capitalization table, the pre-money value and the investment amount: these PDF documents can be stored and shared via iCloud.


The privacy and security settings are reinforced:

    - Face ID Usage Description | If you allow it, you can use Face ID to unlock access of the app.
    - Bluetooth Peripheral Usage Description | If you allow it, you can use Air Drop to share your simulations.
    - Siri Usage Description | If you allow it, you can find & launch the appropriate simulators via Siri.
    - The Simulfund app only utilizes the secure APIs available in iOS 12 and does not use external libraries or SDKs.

This update makes additional corrections:

    - Resolves some issues with landscape mode and swipe gestures : detected on iPads and iPhones X series with iOS 12.1.
    - Corrects User Interface issues when the right-to-left view mode is enabled.


Set reminders, create task lists is now possible with Simulfund. You can organize anything you are working on and be alerted in a day or place without sending your location to the app.

Launching Simulfund via the Reminders app or creating to-do lists is a powerful way to achieve your Funding projects.



Improvements for iPhone XR, iPhone XS, iPhone XS Max and iPad Pro.



    - Minor improvements for iPhone XR, iPhone XS, iPhone XS Max and iPads.


      - Siri & Shortcuts: Calling or Finding the appropriate simulator is faster than ever.
      - CSV Files: Share your calculations as CSV files compatibles with the Numbers spreadsheet.
      - iCloud Drive: Send and organize all your files directly into the Simulfund folder.


    You can now take advantage of the powerful new capabilities in the next releases of the iPhone with Simulfund :

      - Updated to support the new iPhones XR, iPhones XS, iPhones XS Max and iOS 12.
      - Minor improvements for iPhones X and iPads.
      - Fix minor issues.

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