Pricing

Underwrite like an institution,
priced for an independent.

Every plan runs the same engine — the difference is how many deals you carry and how much AI document extraction you need. Cancel anytime.

OPEN BETA

Ironclad is in open beta.

Sign up today and get full Professional-tier access — free — while we're in open beta. The prices below are what plans will cost at public launch.

Investor
$0 /mo

For LPs and partners who need to review, not build.

  • View deals shared with you
  • Read-only access to the full model
  • Dashboard, returns & waterfall
  • Create your own projects
  • AI document extraction
Join the Beta
Starter
$49 $0 /mo
Free during beta

For the independent investor running a focused pipeline.

  • 10 active projects
  • 250 AI documents / mo
  • Full underwriting engine
  • Lender- & investor-ready exports
  • Overage at $0.50 / doc
Join the Beta
Most Popular Professional
$149 $0 /mo
Free during beta

For active sponsors underwriting deals every week.

  • Unlimited active projects
  • 750 AI documents / mo
  • Everything in Starter
  • Priority AI extraction queue
  • Overage at $0.30 / doc
Join the Beta
Enterprise
$349 $0 /mo
Free during beta

For teams and firms underwriting at volume.

  • Unlimited active projects
  • 1,875 AI documents / mo
  • Everything in Professional
  • Team workspace & shared deals
  • Overage at $0.20 / doc
Join the Beta

Prices shown take effect at public launch · Free for all beta testers until then · Offering-memorandum extractions count as 3 documents · AI quotas reset monthly · USD

DONE-FOR-YOU

Want it underwritten for you instead?

If you'd rather hand a deal off than build it yourself, our consulting desk underwrites alongside you and delivers a model you can defend to lenders and investors.

Questions

Pricing, answered plainly.

What counts as an "AI document"?

Any file you run through AI extraction — a rent roll, a trailing-12 statement, or an offering memorandum. Because offering memos are long and expensive to process, each OM counts as three documents against your monthly quota. Building models by hand never touches the quota.

What's an "active project"?

Any deal you can currently open and edit, including deals shared to you with edit access. Read-only deals shared with you don't count. On Starter, once you hit 10 active projects you'll be prompted to archive or delete one before starting another; archived deals become editable again the moment you upgrade.

What happens if I go over my AI document quota?

You're not cut off mid-deal. Extractions past your monthly allotment are billed as overage at your tier's per-document rate ($0.50 on Starter, $0.30 on Professional, $0.20 on Enterprise). Higher tiers pay less per document, so heavy users save by upgrading.

Can I change plans later?

Yes — upgrade or downgrade anytime. Upgrading lifts your project cap immediately and reactivates any archived deals. Downgrading takes effect at the end of your billing period so you're never charged twice.

Is the Investor plan really free?

Yes. It exists so LPs and partners can review the deals you share with them without paying for build tools they won't use. They see the full model read-only; they just can't create or edit projects or run AI extraction.

Get Started

Get in before public launch.

Sign up free while we're in open beta. Same engine on every tier.