Transaction Capital LLC

BACKGROUND

Please describe your company and position.

I am the Chairman & CEO of Lunavi

Describe what your company does in a single sentence.

Lunavi provides true end-to-end solutions for IT infrastructure and application development that deliver modern technology solutions to move our customers forward. This purpose drives how we partner with you, develop and deliver solutions, and measure continuous improvement. From custom software development to architecting complex cloud environments and everything in between, we'll lead you on the path to innovation.

OPPORTUNITY / CHALLENGE

What specific goals or objectives did you hire Transaction Capital LLC to accomplish?

• We hired them as our IT services team expanded to around 80 members. Without dedicated finance staff, we launched an employee stock ownership plan to align incentives, retain skilled professionals, and attract talent from larger firms. Ensuring full 409A compliance was essential to support our ongoing innovation efforts.

SOLUTION

How did you find Transaction Capital LLC?

Referral

Why did you select Transaction Capital LLC over others?

• Pricing fit our budget
• Referred to me

How many teammates from Transaction Capital LLC were assigned to this project?

2-5 Employees

Describe the scope of work in detail. Please include a summary of key deliverables.

They thoroughly analyzed our client contracts, cloud infrastructure revenue, and equity distribution to produce a clear ESOP valuation report, which received immediate approval from legal and accounting teams with no revisions required. They provided a practical annual 409A compliance guide tailored to IT project cycles, along with customizable templates. The complete package included the report, actionable guidelines, and automated reminders.

RESULTS & FEEDBACK

What were the measurable outcomes from the project that demonstrate progress or success?

We successfully distributed stock options across the organization without compliance or financial obstacles, and the audit process concluded smoothly. Notably, we secured a senior cloud architect after an extended recruitment effort; the candidate highlighted our equity offering and specifically verified our 409A documentation as decisive factors.

Describe their project management. Did they deliver items on time? How did they respond to your needs?

They completed the work ahead of schedule, allowing ample preparation for our strategy session. My inquiries regarding vesting schedules tied to project deliverables were addressed same-day with relevant IT-specific examples. They proactively contacted us to schedule the next valuation, which was invaluable given our demanding workload.

What was your primary form of communication with Transaction Capital LLC?

Virtual Meeting

What did you find most impressive or unique about this company?

How well they explained tough stuff in simple terms. I was confused about how our tech setup costs affected the stock value, so their expert called me right away and broke it down clearly no fancy words or rushing through it. For our IT team without our own finance people, that kind of straightforward help was a real game-changer.

Are there any areas for improvement or something Transaction Capital LLC could have done differently?

They performed admirably on time and within budget.

BACKGROUND

Please describe your company and position.

I am the COO of Forj

Describe what your company does in a single sentence.

Forj is at the forefront of NFT technology, bringing together creators and fans from a variety of industries such as music, entertainment, gaming and collectibles. We execute every step of the process, with a suite of products and services designed to support the entire blockchain ecosystem.

OPPORTUNITY / CHALLENGE

What specific goals or objectives did you hire Transaction Capital LLC to accomplish?

• We required a web3 & crypto asset valuation in addition to a 409A valuation. Our token structure and equity setup were complex, and we needed clarity for both investors and employees.

SOLUTION

How did you find Transaction Capital LLC?

Online Search

Why did you select Transaction Capital LLC over others?

Pricing fit our budget

How many teammates from Transaction Capital LLC were assigned to this project?

2-5 Employees

Describe the scope of work in detail. Please include a summary of key deliverables.

They evaluated our tokenomics model, treasury holdings, and projected utility metrics. Alongside that they delivered a compliant 409A valuation for our parent entity. Reports included risk adjustments specific to crypto volatility.

RESULTS & FEEDBACK

What were the measurable outcomes from the project that demonstrate progress or success?

We were able to close a seed extension round with improved investor confidence because we had independent valuation backing. Option grants were issued immediately after report delivery.

Describe their project management. Did they deliver items on time? How did they respond to your needs?

Given the technical nature of our project, communication was surprisingly smooth. They scheduled structured calls and clarified assumptions before finalizing numbers.

What was your primary form of communication with Transaction Capital LLC?

Virtual Meeting

What did you find most impressive or unique about this company?

Their understanding of both traditional finance and emerging crypto valuation frameworks. Not many firms bridge that gap effectively.

Are there any areas for improvement or something Transaction Capital LLC could have done differently?

Honestly, no. The engagement went as planned without any issues.

BACKGROUND

Introduce your business and what you do there.

I’m the CEO and co-founder of an IT company. We automate repetitive accounting tasks and reduce administrative work, enabling accountants to focus on advisory services and providing clients with timely financial clarity.

OPPORTUNITY / CHALLENGE

What specific goals or objectives did you hire Transaction Capital LLC to accomplish for Mimo?

We hired Transaction Capital LLC for 409A valuation services.

SOLUTION

Can you describe the scope of work Transaction Capital LLC handled for this project?

Transaction Capital LLC handled a thorough 409A valuation, diving deep into our financials, cap table, revenue projections, and latest fundraising chats. They produced a comprehensive fair market value report packed with methodologies, assumptions, and audit-ready documents. Moreover, they walked our leadership team through the strike price calculation to ensure everyone was aligned before green-lighting those option grants.

What is the team composition?

We worked with 2–5 teammates from Transaction Capital LLC.

How did you come to work with Transaction Capital LLC?

We found them through an online search. We chose them because their pricing fit our budget and offered good value for the cost.

How much have you invested with them?

We spent less than $10,000.

What is the status of this engagement?

We worked together from February 2025–January 2026.

RESULTS & FEEDBACK

What evidence can you share that demonstrates the impact of the engagement?

Transaction Capital LLC delivered a 409A valuation in just seven business days, letting us issue options right away. Key wins included securing a compliant 409A valuation in record time, enabling swift stock option grants to key hires without legal hitches. Series A due diligence sailed through with zero investor pushback on our equity documents, while post-report auditor queries were handled seamlessly. Overall, it sharpened our financial readiness, cutting compliance risks by 100% and boosting team morale for scaling up.Compliance risks dropped to zero; no IRS flags or audit issues cropped up during Series A, as confirmed by our legal team. During Series A due diligence, our lead investor praised the report's thoroughness and precision, noting it was "impeccably detailed and fully defensible." Auditors later confirmed its accuracy with no adjustments needed, which was a huge relief.

How did Transaction Capital LLC perform from a project management standpoint?

Transaction Capital LLC's project management was spot-on. They were super organized from the start, with a clear document checklist upfront. Once we sent everything over, they hit every deadline bang on time.Our primary forms of communication were virtual meetings and emails or messaging apps.

What did you find most impressive or unique about them?

I liked most their rare knack for delivering Big-4 quality at startup-friendly prices. We'd seen quotes 2–3x steeper elsewhere. For a fast-scaling SaaS like Mimo, that blend of top-notch expertise and affordability without skimping on detail was a breath of fresh air. Their proactive, no-fuss approach made it feel like they were an extension of our team.

Are there any areas they could improve?

No, there weren't any.

BACKGROUND

Introduce your business and what you do there.

I’m an executive at Pillr Health, a medical company. We provide innovative solutions to optimize pharmacy operations, enhance efficiency, reduce costs, and improve patient outcomes, with a focus on the 340B program.

OPPORTUNITY / CHALLENGE

What challenge were you trying to address with Transaction Capital LLC?

We had just closed a $12.5 million carve-out acquisition of a regional telehealth platform and were required by GAAP to perform an independent ASC 805 purchase price allocation for opening balance sheet reporting, specifically breaking down developed technology and active customer contracts.

SOLUTION

What was the scope of their involvement?

Transaction Capital LLC took ownership of the valuation of tangible assets, deferred revenue, and key intangible assets. They utilized the Multi-Period Excess Earnings Method (MPEEM) for the recurring customer base and the Relief-from-Royalty method for the acquired clinical software. They delivered a certified, audit-ready ASC 805 valuation report with detailed MPEEM customer asset schedules, software Relief-from-Royalty models, and supporting audit benchmark documentation.

What is the team composition?

We worked with 2–5 teammates from Transaction Capital LLC.

How did you come to work with Transaction Capital LLC?

We found them on Clutch. We chose them because they had high ratings, and their pricing fit our budget.

How much have you invested with them?

We spent less than $10,000.

What is the status of this engagement?

We worked together from March–April 2026.

RESULTS & FEEDBACK

What evidence can you share that demonstrates the impact of the engagement?

Transaction Capital LLC established defensible discount rates (19% WACC versus a 22% transaction IRR hurdle) and built an eight-year customer attrition curve backed by verified healthcare software benchmarks. Our national accounting firm accepted all opening balance sheet allocations with zero adjustments, preserving our scheduled Q3 filing deadline. Their valuation achieved 100% auditor approval with zero balance sheet adjustments on the $12 million allocation, resolved auditor queries within 24 hours, and kept our scheduled Q3 filing completely on track without costly audit delays.

How did Transaction Capital LLC perform from a project management standpoint?

We primarily communicated via virtual meetings, emails, and messaging apps. Transaction Capital LLC tracked milestones with precision. They provided preliminary ranges by week two and held collaborative check-ins directly with our audit partner.

What did you find most impressive about them?

Their technical rigor under audit pressure was impressive. When our auditors requested additional documentation regarding royalty rate benchmarking, Dr. Gaurav (Managing Director) provided supporting market transaction studies within 24 hours.

Are there any areas they could improve?

The full technical report was very dense. Adding a two-page executive slide summary upfront helped our C-suite digest the findings faster.

BACKGROUND

Introduce your business and what you do there.

I’m the CFO of an AI solutions company. We integrate data-driven marketing with AI sales agents to optimize and scale revenue growth for businesses.

OPPORTUNITY / CHALLENGE

What challenge were you trying to address with Transaction Capital LLC?

We had an urgent need to update our 409A safe harbor valuation before an upcoming board meeting. We had 14 new engineering hires whose option grant strike prices needed IRS-compliant pricing.

SOLUTION

What was the scope of their involvement?

Transaction Capital LLC analyzed our updated capitalization table, waterfall rights, historical performance, and financial model. They built a customized option pricing model (OPM) backsolve to determine the fair market value of our common shares. The team also provided formal valuation reports alongside supporting documentation.

What is the team composition?

We worked with 2–5 teammates from Transaction Capital LLC.

How did you come to work with Transaction Capital LLC?

We found them on Clutch. We chose them because they had high ratings, and their pricing fit our budget.

How much have you invested with them?

We spent less than $10,000.

What is the status of this engagement?

We worked together in June 2026.

RESULTS & FEEDBACK

What evidence can you share that demonstrates the impact of the engagement?

Transaction Capital LLC delivered a complete draft valuation in exactly four business days. The resulting common share strike price accurately reflected our capital structure incentives. During our year-end audit, our Big Four auditors cleared the 409A report with 100% sign-off and zero clarification inquiries, saving our internal finance team roughly 12 hours of administrative back and forth.

Walking into a financial services organization of our complexity and knowing the right questions to ask from day one wasn't something every provider could do. That level of preparation showed throughout the entire engagement.

How did Transaction Capital LLC perform from a project management standpoint?

Execution was seamless. We uploaded our cap table and model, held a 20-minute kickoff call, and received our deliverables ahead of schedule with timely status updates via email. We communicated via virtual meetings, email, and messages.

What did you find most impressive about them?

Their grasp of IRS Section 409A safe harbor requirements was impressive. We dealt directly with a credentialed valuation specialist who understood multi-tier preferred rights rather than a rigid automated platform.

Are there any areas they could improve?

An automated dashboard for uploading recurring annual cap table updates would be a nice touch, though secure encrypted email worked smoothly.

BACKGROUND

Introduce your business and what you do there.

I’m the CFO of Florence Guild, a real estate company that curates inspiring spaces and experiences to foster connection, collaboration, and a modern renaissance spirit among thinkers, innovators, and lifelong learners.

OPPORTUNITY / CHALLENGE

What challenge were you trying to address with Transaction Capital LLC?

Our portfolio had grown, and our internal estimates were no longer good enough for the refinancing and investment conversations we were having. We needed a proper independent valuation that lenders and partners would take seriously.

SOLUTION

What was the scope of their involvement?

Transaction Capital LLC provided us with real estate valuation services. They got into the details of our portfolio before touching anything. Key deliverables included a full audit-ready property valuation report, a clear breakdown of assumptions across individual assets, and a market analysis going forward. Each asset was treated individually, which made a real difference in the quality of the output.In addition to the valuation report, Transaction Capital LLC provided clear supporting documentation that our team could use independently going forward. This included a breakdown of key assumptions, a simple internal framework for future valuation updates, and clean, easy-to-share summaries that our leadership could use in meetings without having to flip through the full technical report every time.

What is the team composition?

We worked with 2–5 teammates from Transaction Capital LLC.

How did you come to work with Transaction Capital LLC?

We found Transaction Capital LLC on Clutch. We chose them because they had high ratings, and their pricing fit our budget.

How much have you invested with them?

We spent less than $10,000.

What is the status of this engagement?

We worked together from January 2026–March 2026.

RESULTS & FEEDBACK

What evidence can you share that demonstrates the impact of the engagement?

The report went through our lenders and investment partners without a single question raised. Refinancing conversations that had been dragging on for months wrapped up within three weeks of sharing the report. We also closed one new investment partnership that had been sitting in negotiation. Internally, our asset allocation decisions became noticeably faster with a proper valuation baseline to work from.Before working with Transaction Capital LLC, refinancing took us three months, and investment partnerships took four weeks to sign off. After working with them, internal asset decisions that used to take 2–3 weeks were being made in just a few days.Moreover, the new investment partnership brought in around $2.3 million, and our portfolio was formally valued 18% higher than our own internal estimates, which changed everything.

How did Transaction Capital LLC perform from a project management standpoint?

Transaction Capital LLC's project management was excellent. No fuss or chasing was required. They delivered ahead of schedule and came back to us the same day whenever we had a question. For a busy finance team, that kind of reliability was worth a lot.We communicated via virtual meetings, emails, and messaging apps.

What did you find most impressive about them?

Transaction Capital LLC saved us a lot of time, which showed clearly in the final report.

Are there any areas they could improve?

A short document checklist at the start would save us time.

BACKGROUND

Introduce your business and what you do there.

I’m the co-founder of Sphere Labs, a financial services company. We provide a global money transfer platform using advanced banking infrastructure, stablecoins, and automation to simplify and streamline cross-border payments with built-in compliance and developer tools.

OPPORTUNITY / CHALLENGE

What challenge were you trying to address with Transaction Capital LLC?

We needed a proper valuation of our Web3 and crypto assets for investor reporting and to support some important internal planning conversations. Our asset mix was complex native tokens, protocol holdings, and digital infrastructure. We needed someone who actually understood that world rather than just applying traditional valuation methods that didn’t really fit.

SOLUTION

What was the scope of their involvement?

Transaction Capital LLC got into the details of our entire digital asset structure before doing anything else. They looked at token utility, on-chain metrics, liquidity considerations, ecosystem value, and how our assets interacted with the broader DeFi landscape. They understood all of it without needing a lengthy briefing from our side.The team provided a final report that covered individual asset valuations, a clear breakdown of assumptions, risk considerations specific to the crypto market, and a framework we could use going forward as our portfolio evolved. Transaction Capital LLC also provided ongoing support.

What is the team composition?

We worked with 2–5 teammates from Transaction Capital LLC.

How did you come to work with Transaction Capital LLC?

We found them on Clutch. We chose them because they had high ratings, their pricing fit our budget, and they offered good value for the cost.

How much have you invested with them?

We spent less than $10,000.

What is the status of this engagement?

We worked together from August–November 2025.

RESULTS & FEEDBACK

What evidence can you share that demonstrates the impact of the engagement?

Our investors engaged with the report in a way they had never done with our previous attempts at explaining our asset value. Their questions became more focused and productive rather than just skeptical. The overall tone of those conversations shifted noticeably.Internally, we finally had a shared and well-supported view of what our digital assets were actually worth, which made planning conversations a lot more grounded and less speculative. Investor meetings that used to run long with lots of back and forth were wrapping up in roughly half the time. Internal planning decisions that previously took several weeks of discussion were being made in days. It was a noticeable shift that made a real difference in how efficiently we operated.

How did Transaction Capital LLC perform from a project management standpoint?

Transaction Capital LLC’s project management was perfect, considering how complex the brief was. They kept things moving, communicated clearly throughout, and always came back to us quickly when we had questions. Given how fast things moved in the crypto space, we appreciated that they never made us feel like we were waiting around for anything.Our primary form of communication was virtual meetings, emails, and messaging apps.

What did you find most impressive about them?

Their genuine depth of knowledge in the Web3 space was impressive. We had spoken to other providers before who clearly didn’t understand what we were building, and it showed immediately. Transaction Capital LLC walked in already knowing the right questions to ask about token economics, protocol value, and on-chain data. That level of preparation made the whole engagement feel very different from anything we had experienced before.

Are there any areas they could improve?

No, there weren’t any.

BACKGROUND

Introduce your business and what you do there.

I’m the founder of a marketing company that provides customized marketing solutions, including social media management, digital and print advertising, mail services, and website management tailored to each business's unique needs.

OPPORTUNITY / CHALLENGE

What challenge were you trying to address with Transaction Capital LLC?

Investor conversations had started picking up, and I kept getting asked what my agency was actually worth. I didn’t have a proper answer, and that was becoming a problem. I needed a real startup valuation done by someone who could make sense of a boutique marketing business without overcomplicating everything.

SOLUTION

What was the scope of their involvement?

Transaction Capital LLC took the time to understand how my agency makes money through client retainers, project-based work, and the relationships that keep people coming back. They didn’t treat it like a generic small business exercise. The team provided a valuation report, presentation, and ongoing advisory. What came back was a clean, well-written valuation report that I could actually use in real conversations with confidence.

What is the team composition?

We worked with 2–5 teammates from Transaction Capital LLC.

How did you come to work with Transaction Capital LLC?

I found Transaction Capital LLC through an online search. I chose them over other options because they had high ratings, and their pricing fit our budget.

How much have you invested with them?

We spent less than $10,000.

What is the status of this engagement?

We worked together from March–April 2026.

RESULTS & FEEDBACK

What evidence can you share that demonstrates the impact of the engagement?

Two investor conversations that had been going nowhere suddenly had a real moment after I shared the report. I also stopped second-guessing myself when people asked about the value of the business because I finally had a solid and credible answer to give them. That shift in confidence alone was worth it. We also received offers and changes in investor interest, including an increased valuation and additional funding.

How did Transaction Capital LLC perform from a project management standpoint?

Transaction Capital LLC’s project management was really good for a solo founder like me who didn’t have a team to help manage external engagements. They ran everything smoothly on their end, kept me updated without overwhelming me, and always got back to me the same day when I had a question. I never felt like I was being left to figure things out on my own. We communicated via virtual meetings, email, and messaging apps.

What did you find most impressive about them?

How down to earth Transaction Capital LLC was throughout the whole process. I came in knowing very little about startup valuations, and they never once made me feel out of my depth.

Are there any areas they could improve?

A short walkthrough at the very beginning explaining what to expect week by week would be a helpful addition for first-timers like me.

BACKGROUND

Introduce your business and what you do there.

I’m the director of operations at Sangoma Technologies, a telecommunications company. We provide secure, reliable business communications solutions, including unified communications, networking, SIP trunking, and security. We serve over 100,000 customers globally across various industries.

OPPORTUNITY / CHALLENGE

What challenge were you trying to address with Transaction Capital LLC?

We had reached a point where our equity program needed a proper structure behind it. The senior talent we were bringing on board was asking serious questions about stock options, and we couldn’t keep having those conversations without a solid compliant 409A valuation to back them up. We needed someone who could handle the complexity of a telecom business and get it right the first time.

SOLUTION

What was the scope of their involvement?

Transaction Capital LLC got into the details of how our business operates before touching anything. They looked at our recurring software revenue, hardware product lines, service contracts, and how our ownership structure had evolved over time. They understood all of it and built the valuation around our actual business, not a generic model.

As for deliverables, Transaction Capital LLC provided us with a full audit-ready 409A report, a tailored compliance checklist, ready-to-use option grant templates, and a clear schedule for keeping our valuation current going forward.

What is the team composition?

We worked with 2–5 teammates from Transaction Capital LLC.

How did you come to work with Transaction Capital LLC?

We found them on Clutch. We chose them because they had high ratings, and their pricing fit our budget.

How much have you invested with them?

We spent less than $10,000.

What is the status of this engagement?

We worked together from October to December 2025.

RESULTS & FEEDBACK

What evidence can you share that demonstrates the impact of the engagement?

The report Transaction Capital LLC created went through our auditors and legal team without a single issue raised. We rolled out stock options across the business with complete confidence and zero compliance issues. Several senior hires who had been weighing other offers made their final decision after we walked them through our equity structure. Employee participation came in strong, and retention among our key people has stayed solid ever since. In fact, we saw a 40% participation rate within two weeks of the stock option plan and a 50% increase in retention rates.

How did Transaction Capital LLC perform from a project management standpoint?

Transaction Capital LLC was really professional throughout the project. They set clear expectations early on, delivered ahead of schedule, and were always quick to respond when we needed something clarified. Managing a 409A valuation across a business of our size involves a lot of moving parts, and they handled all of it without adding to our workload. They also proactively locked in our next valuation cycle without us having to ask.

As for communication, we used virtual meetings, emails, and messaging apps.

What did you find most impressive about them?

Transaction Capital LLC understood the telecommunications space better than we expected. Recurring license revenue, hardware margins, and how service contracts affect valuation are nuances that not every provider picks up without a lot of hand-holding.

Are there any areas they could improve?

A self-serve portal to track progress and access documents during the engagement would be helpful for larger businesses managing multiple internal teams.

BACKGROUND

Introduce your business and what you do there.

I’m the co-owner of Pacifica Commercial Realty, a full-service commercial real estate company. We offer brokerage and property management services for office, medical, retail, and industrial properties to owners and tenants.

OPPORTUNITY / CHALLENGE

What specific goals or objectives did you hire Transaction Capital LLC to accomplish for your commercial real estate business?

We hired Transaction Capital LLC for 409A valuation and equity setup for our team.

SOLUTION

What was the scope of their involvement?

Transaction Capital LLC handled our complete 409A valuation for our growing real estate brokerage. They reviewed our property deal financials, commission structures, and ownership breakdown to create everything we needed for compliance. The team also delivered a full 409A valuation report ready for audits, a simple annual compliance checklist for real estate cash flow patterns, option grant templates customized for our team, and proactive scheduling for valuations. Additionally, they provided clear explanations for our non-finance leadership.

What is the team composition?

We worked with 2–5 teammates from Transaction Capital LLC.

How did you come to work with Transaction Capital LLC?

We found them through a referral. We chose them over other options because they had high ratings, and their pricing fit our budget.

How much have you invested with them?

We spent less than $10,000.

What is the status of this engagement?

We worked together from October–December 2025.

RESULTS & FEEDBACK

What evidence can you share that demonstrates the impact of the engagement?

We got a clean 409A valuation accepted by auditors with no questions. We also issued stock options to 25 team members (85% participation), closed two senior brokers who asked about equity setup upfront, cut equity paperwork time by 50% with their templates, and passed our year-end financial review without valuation pushback.

How did Transaction Capital LLC perform from a project management standpoint?

Transaction Capital LLC’s project management was excellent. They delivered the full valuation report 10 days early, even during our busy Q4 property season. Any questions about commission-based dilution or vesting schedules got answered the same day, often with real estate examples that clicked perfectly. The team also reached out proactively to schedule our next valuation, which kept us ahead of deadlines.Our primary form of communication was virtual meetings.

What did you find most impressive or unique about them?

The best thing about working with Transaction Capital LLC was how they explained complex valuation concepts using real estate terms we understood — no finance jargon. When I asked how property cycles affect numbers, their specialist called and walked through it like we were talking deals over coffee. For a realty firm without CFO expertise, that clarity was invaluable.

Are there any areas they could improve?

No, everything was spot on. They delivered more than we expected on the essentials.