Keeping your investment metrics up-to-date
FMV must be updated on a round-by-round basis in Visible, and it is used to calculate investment metrics such as investment multiples (calculated as the latest FMV / amount invested), unrealized gains & losses (calculated as the change in FMV), among others. To see a full list of how different investment metrics are calculated in Visible, check out auto-calculated fund and company investment metric definitions.
To update FMV, navigate to the respective company and click investments from the left side pane. Next, click the three dots next to the investment entry followed by edit FMV.
From this view, select +New FMV to add a new value.
A side modal will appear, and you'll be able to add a methodology (options available in the drop-down include recent funding round, financial model, comparable company, and other), date, price per share, approved by (this can be anyone who is an admin on your account), and any notes.
If you choose "recent funding round" as the methodology, Visible will suggest FMV values based on the latest funding round(s) added in Visible.
Once you choose the respective round from the drop-down, you'll be able to automatically update the FMV value by clicking the suggestion below the price per share field.
Click save when done to add the entry.
Note: The dates associated with changes in FMV will flow through to any time series visualizations tracking FMV (or any investment metrics using FMV as an input to the calculation). For more information about how to visualize your fund data, check out How to visualize your fund data.
Please let us know if you have additional questions!