Understand the deal before you sign.
Placement reads a private placement memorandum — the 80-page document behind a Reg D, Reg CF, or Reg A+ offering — and tells you, in plain language, what you're actually being asked to buy. Every point is grounded in the document and quoted back to you. Nothing is invented.
Nothing uploaded. Nothing stored. Every quote checked.
Both sides of the table.
Investors weighing an offer
You've been handed a PPM and a wire deadline. Placement gives you the terms that decide your downside — liquidity, fees, conflicts, control — in the time it takes to read this card, plus the questions a good advisor would ask. Then you decide.
Issuers & sponsors checking their own
Before you send it out, see your offering the way a careful investor will: which terms read as aggressive, where the disclosure is thin, what a diligence call will poke at. Fix it before it costs you the raise.
A PPM is written to be read by lawyers. You aren't one.
Offering documents bury the terms that decide your outcome — the fees, the liquidity, the conflicts — inside dense boilerplate. Placement pulls them out, explains them, and shows you the exact language they came from.
The whole deal, distilled
Issuer, security, minimum, fees, carried interest, liquidity, investor rights, and the risks that actually matter — each translated into a sentence you can act on.
Read a PPM nowA 2% annual fee — on your committed capital during the investment period, then on invested capital after — paid to the manager every quarter, in advance.
“The Fund will pay the Manager an annual asset management fee equal to 2.0% of committed capital during the investment period and 2.0% of invested capital thereafter, payable quarterly in advance.”✓ verbatim in documentManagement fee. The Fund will pay the Manager an annual asset management fee equal to 2.0% of committed capital during the investment period and 2.0% of invested capital thereafter, payable quarterly in advance.
A 2% annual fee — on your committed capital during the investment period, then on invested capital after — paid to the manager every quarter, in advance.
It's a brand-new fund with no history to judge it by.
✓ verbatim in documentGrounding, not guessing.
Quoted, then verified
Every claim comes with the verbatim line it’s based on. Each quote is re-checked against your document server-side and flagged if it isn’t found word-for-word. No paraphrase passes as fact.
- Read in your browser
PDF text is extracted on your device. The file never uploads — only the extracted text is sent to be analyzed, in memory, and then discarded.
- Decode against the source
A frontier model reads the document under strict instructions: explain only what’s on the page, quote verbatim, and say “not stated” instead of guessing.
- Verify every quote
Each supporting quote is re-checked against your document. Anything not found word-for-word is flagged — an anti-hallucination guard, not a promise.
What to ask, before you wire
Placement surfaces the sponsor-favorable terms worth scrutinizing and the questions to put to the sponsor or your own advisor — because it explains the document; it never tells you to sign it.
Read a PPM nowRead a PPM now.
Upload the PDF or paste the text. In under a minute you’ll have a grounded, plain-English breakdown of your own document — or click “Try a sample” to see a full demo analysis first, every quote verified the same way.
“Not stated in the document” is a feature.Placement never fills a gap with what a deal usually says.
Questions worth asking.
Is this legal or investment advice?
No. Placement explains what a document says. It does not tell you whether to invest, does not predict returns, and is not legal, tax, or investment advice. Use it to understand the offering and to prepare questions for the sponsor and your own licensed advisor.
What happens to my document?
Your PDF is read in your browser — the file itself is never uploaded. Only the extracted text is sent to the analysis service, processed in memory to produce your report, and then discarded. There is no account and no database; we don't store your document or your report.
How do I know it isn't making things up?
Two ways. First, the model is instructed to quote only verbatim text and to say "not stated" rather than guess. Second — and this is the part you can trust — every quote it returns is independently re-checked against your document. Any quote not found word-for-word is flagged in the report. You can read the source line yourself for each point.
What kinds of documents does it handle?
Private placement memoranda and related offering documents — Regulation D (506(b)/506(c)), Regulation CF, Regulation A+, and subscription agreements. It works best on text-based PDFs; scanned image-only PDFs have no selectable text, so paste the text in those cases.
Does it replace a securities lawyer?
No — and it isn't trying to. It replaces the hour you'd spend not understanding the document at all. It gets you to an informed conversation with counsel faster, and tells you what to bring to it.
How long does it take?
Usually under a minute. Very long documents are analyzed up to a generous limit; if a document is truncated, the report says so.
Placement is an informational tool that summarizes documents you provide. It is not a law firm, broker-dealer, or investment adviser, and nothing it produces is legal, tax, or investment advice, an offer, or a solicitation. AI analysis can be incomplete or wrong; always read the underlying document and consult qualified professionals before making any investment decision. Private placements are speculative, illiquid, and can result in the loss of your entire investment.