# Pro rata right

> Pro rata right — An investor's right to buy its proportionate share of a later round, so it can keep its percentage. In the NVCA model it belongs to Major Investors; on a post-money SAFE it lives in an optional side letter.

Source: https://lopifi.com/glossary/pro-rata-right
Part of: Lopifi — US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

---

**What is pro rata right?** In accounting, pro rata right means an investor's right to buy its proportionate share of a later round, so it can keep its percentage. In the NVCA model it belongs to Major Investors; on a post-money SAFE it lives in an optional side letter.

## Also known as

- Right of first offer

## Words this system refuses for it

- preemptive right alone
- MFN

- **Category:** Equity & financing
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** safe