Funding commitments can be added to your profile in two ways:
1. Updating the "Funding Committed Offline" Field
You can manually update the "Funding Committed Offline" field within the "Terms" section of the "Campaign" tab on Fundable. This allows you to track secured commitments and display them as progress toward your overall fundraising goal. Once entered, this information will automatically be reflected in the "Commitments" tab.
2. Investor Soft Commitments
When an investor accesses your Business Plan Profile, they can make a "commitment," which should be treated as a soft commitment. This action signals that an investor is interested but has not yet provided funds. You can manage these commitments under the "Commitments" section of the "Campaigns" tab, where you can choose to approve or deny them.
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Approving a Commitment: Once approved, the commitment will count toward your goal amount.
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Pending Status: If you are uncertain about a commitment, you can leave it as "pending" while following up with the investor to confirm their interest and finalize the agreement.
Important Notes
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Transactions are not processed through Fundable. All financial commitments occur offline.
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Investor commitments require follow-up. A soft commitment is an indication of interest rather than a confirmed investment.
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You can secure commitments both from Fundable investors and your own outreach efforts.
By effectively managing your commitments, you can demonstrate traction to potential investors and improve your chances of meeting your fundraising goal.