Deal rooms
Secure, company-controlled rooms for offering materials.
Everything an investor reviews, organized by the company, access-controlled, and recorded — so the company and its counsel always know what was available, to whom, and when. The company runs the room; Sprowtt supplies it and keeps the record.
Branded, access-controlled rooms
One room per offering, in the company's name, with access set by the room type and by invitation.
Permissions per document
Each document has its own audience: everyone admitted, invited people only, counsel only, or internal review.
Versions and audit trail
A new upload under the same title becomes a new version. Every open and download is recorded against the version seen.
Communication records
Material-change notices and responses, the investor updates the company sent, and the conferences it recorded stay with the offering file.
A calm reading layout
Section navigation, the content, and a company snapshot side by side — with risk factors given their own legible reading mode.
Readable on any device
The same room stacks cleanly on a phone: overview, sections, content, then contacts.
Inside the room
The sections investors expect, in a sensible order.
Overview, company summary, the team, product, market, traction, documents, financial information, risk factors, updates from the company, and a way to contact the company. Every section is labelled as information provided by the company.
Risk factors, handled properly
- Easy to find in the section list — never styled as a warning or an obstacle
- Descriptive headings instead of dense legal blocks
- The full text always visible, printable and downloadable
- A route back to the overview and documents when the visitor finishes
Configured per exemption
Each room follows the rules of its offering type.
| Room | Who can see it | Public notice |
|---|---|---|
| Rule 506(b) invite room | Invite only | Never — invitation only |
| Rule 506(c) offering | Accredited, verified | Permitted, with legend |
| Regulation A test the waters | Non-binding reservations only | Permitted, with legend |
| Rule 147A intrastate room | In-state sales | Permitted, with legend |
Every offering type, and where it runs
- Rule 506(b)Private offering to people the company already knowsRuns in Sprowtt
- Rule 506(c)General solicitation, every investor verified as accreditedRuns in Sprowtt
- Regulation ATesting the waters: reservations only, no money takenRuns in Sprowtt
- Rule 147AFederal intrastate exemption, with the state's own rulesRuns in Sprowtt
- Florida Invest Local and Limited OfferingFlorida's own exemptions (s. 517.0612 and s. 517.0611)Runs on StateCF.com
- Regulation CFFederal crowdfundingThrough a registered funding portal
Florida eligibility details
Florida companies can conduct Invest Local (s. 517.0612) and Limited Offering (s. 517.0611) raises on StateCF.com. Invest Local does not require an intermediary; a Limited Offering of $2.5 million or more must use a registered dealer or intermediary. StateCF.com is a Florida OFR-registered intermediary. Registration does not imply that such person has been sponsored, recommended, or approved by the state or an agency or officer of the state or by the United States or an agency or officer of the United States. Rule 147A needs a principal place of business in Florida plus one doing-business test: 80% of revenue, 80% of assets or 80% of net proceeds used in Florida, or a majority of employees based there. Florida adds its own tests for the company: Invest Local requires a for-profit entity registered with the Florida Department of State with its principal place of business in Florida, and a Limited Offering requires revenue derived primarily from Florida operations. Registering to do business, filing a notice or spending proceeds in Florida does not by itself make a company eligible. StateCF can explain the pathway but cannot promise eligibility.
StateCF, a DBA of Sprowtt Inc., runs under its own terms and registration.