diff --git a/pitch-deck/components/PitchDeck.tsx b/pitch-deck/components/PitchDeck.tsx
index fcee091..8da9440 100644
--- a/pitch-deck/components/PitchDeck.tsx
+++ b/pitch-deck/components/PitchDeck.tsx
@@ -33,6 +33,7 @@ import CompetitionSlide from './slides/CompetitionSlide'
 import TeamSlide from './slides/TeamSlide'
 import FinancialsSlide from './slides/FinancialsSlide'
 import TheAskSlide from './slides/TheAskSlide'
+import CapTableSlide from './slides/CapTableSlide'
 import AIQASlide from './slides/AIQASlide'
 import AssumptionsSlide from './slides/AssumptionsSlide'
 import ArchitectureSlide from './slides/ArchitectureSlide'
@@ -162,6 +163,8 @@ export default function PitchDeck({ lang, onToggleLanguage }: PitchDeckProps) {
         return <FinancialsSlide lang={lang} />
       case 'the-ask':
         return <TheAskSlide lang={lang} funding={data.funding} />
+      case 'cap-table':
+        return <CapTableSlide lang={lang} />
       case 'ai-qa':
         return <AIQASlide lang={lang} />
       case 'annex-assumptions':
diff --git a/pitch-deck/components/slides/CapTableSlide.tsx b/pitch-deck/components/slides/CapTableSlide.tsx
new file mode 100644
index 0000000..5a6a3b4
--- /dev/null
+++ b/pitch-deck/components/slides/CapTableSlide.tsx
@@ -0,0 +1,217 @@
+'use client'
+
+import { Language } from '@/lib/types'
+import GradientText from '../ui/GradientText'
+import FadeInView from '../ui/FadeInView'
+import GlassCard from '../ui/GlassCard'
+import { PieChart, Pie, Cell, ResponsiveContainer, Tooltip } from 'recharts'
+import { TrendingUp, Users, Briefcase, Target } from 'lucide-react'
+
+interface CapTableSlideProps {
+  lang: Language
+}
+
+const COLORS = ['#6366f1', '#8b5cf6', '#f59e0b', '#94a3b8']
+
+export default function CapTableSlide({ lang }: CapTableSlideProps) {
+  const de = lang === 'de'
+
+  const capTableData = [
+    { name: 'Benjamin Bönisch (CEO)', value: 37.5, color: '#6366f1' },
+    { name: 'Sharang Parnerkar (CTO)', value: 37.5, color: '#8b5cf6' },
+    { name: de ? 'Pre-Seed Investor' : 'Pre-Seed Investor', value: 19.6, color: '#f59e0b' },
+    { name: 'ESOP Pool', value: 5.4, color: '#94a3b8' },
+  ]
+
+  return (
+    <div className="max-w-6xl mx-auto">
+      <FadeInView className="text-center mb-6">
+        <h2 className="text-3xl md:text-4xl font-bold mb-2">
+          <GradientText>{de ? 'Investition & Cap Table' : 'Investment & Cap Table'}</GradientText>
+        </h2>
+        <p className="text-sm text-white/50 max-w-2xl mx-auto">
+          {de ? '4 Mio. EUR Pre-Money Bewertung · 975.000 EUR Pre-Seed · Gründung Jul/Aug 2026' : 'EUR 4M pre-money valuation · EUR 975,000 pre-seed · Founding Jul/Aug 2026'}
+        </p>
+      </FadeInView>
+
+      <div className="grid md:grid-cols-2 gap-6 mb-6">
+        {/* Cap Table Pie Chart */}
+        <FadeInView delay={0.1}>
+          <GlassCard hover={false} className="p-5">
+            <h3 className="text-sm font-bold text-indigo-400 uppercase tracking-wider mb-4 text-center">
+              {de ? 'Anteilsverteilung nach Pre-Seed' : 'Share Distribution Post Pre-Seed'}
+            </h3>
+            <div className="flex items-center gap-6">
+              <div className="w-48 h-48">
+                <ResponsiveContainer width="100%" height="100%">
+                  <PieChart>
+                    <Pie data={capTableData} cx="50%" cy="50%" innerRadius={45} outerRadius={75} dataKey="value" stroke="none">
+                      {capTableData.map((entry, idx) => (
+                        <Cell key={idx} fill={entry.color} />
+                      ))}
+                    </Pie>
+                    <Tooltip
+                      contentStyle={{ background: 'rgba(10,10,26,0.9)', border: '1px solid rgba(255,255,255,0.1)', borderRadius: 8, color: '#fff', fontSize: 12 }}
+                      formatter={(value: number) => `${value}%`}
+                    />
+                  </PieChart>
+                </ResponsiveContainer>
+              </div>
+              <div className="flex-1 space-y-2">
+                {capTableData.map((entry, idx) => (
+                  <div key={idx} className="flex items-center gap-2">
+                    <div className="w-3 h-3 rounded-full shrink-0" style={{ backgroundColor: entry.color }} />
+                    <span className="text-xs text-white/70 flex-1">{entry.name}</span>
+                    <span className="text-xs font-bold text-white/80 font-mono">{entry.value}%</span>
+                  </div>
+                ))}
+              </div>
+            </div>
+          </GlassCard>
+        </FadeInView>
+
+        {/* Investment Details */}
+        <FadeInView delay={0.15}>
+          <GlassCard hover={false} className="p-5">
+            <h3 className="text-sm font-bold text-amber-400 uppercase tracking-wider mb-4">
+              {de ? 'Pre-Seed Runde' : 'Pre-Seed Round'}
+            </h3>
+            <div className="space-y-3">
+              {[
+                { label: 'Pre-Money Bewertung', value: '4.000.000 EUR', icon: Target },
+                { label: 'Investment', value: '975.000 EUR', icon: Briefcase },
+                { label: 'Post-Money', value: '4.975.000 EUR', icon: TrendingUp },
+                { label: de ? 'Investoranteil' : 'Investor Share', value: '19,6%', icon: Users },
+                { label: 'Instrument', value: de ? 'Stammkapital + Wandeldarlehen' : 'Equity + Convertible', icon: Briefcase },
+              ].map((item, idx) => {
+                const Icon = item.icon
+                return (
+                  <div key={idx} className="flex items-center justify-between">
+                    <div className="flex items-center gap-2">
+                      <Icon className="w-4 h-4 text-white/30" />
+                      <span className="text-xs text-white/60">{item.label}</span>
+                    </div>
+                    <span className="text-sm font-bold text-white/80 font-mono">{item.value}</span>
+                  </div>
+                )
+              })}
+            </div>
+          </GlassCard>
+        </FadeInView>
+      </div>
+
+      {/* Gründergehälter + Gewinnverwendung */}
+      <div className="grid md:grid-cols-2 gap-6 mb-6">
+        <FadeInView delay={0.2}>
+          <GlassCard hover={false} className="p-5">
+            <h3 className="text-sm font-bold text-emerald-400 uppercase tracking-wider mb-3">
+              {de ? 'Gründergehälter' : 'Founder Salaries'}
+            </h3>
+            <p className="text-xs text-white/50 mb-3">
+              {de
+                ? 'Bewusst unter Markt — zeigt Investoren Skin in the Game und Kapitaldisziplin.'
+                : 'Deliberately below market — shows investors skin in the game and capital discipline.'}
+            </p>
+            <div className="space-y-2">
+              {[
+                { period: '2026 (Aug–Dez)', salary: de ? '0 EUR (unbezahlt)' : 'EUR 0 (unpaid)', note: de ? 'Gründungsphase' : 'Founding phase' },
+                { period: '2027', salary: '7.000 EUR/Mo', note: de ? 'Unter Marktniveau' : 'Below market' },
+                { period: '2028', salary: '~8.000 EUR/Mo', note: de ? 'Product-Market Fit' : 'Product-market fit' },
+                { period: '2029+', salary: '~9.100 EUR/Mo', note: de ? 'Break-Even erreicht' : 'Break-even reached' },
+              ].map((item, idx) => (
+                <div key={idx} className="flex items-center justify-between text-xs">
+                  <span className="text-white/40 min-w-[100px]">{item.period}</span>
+                  <span className="text-white/70 font-mono">{item.salary}</span>
+                  <span className="text-white/30 text-[10px]">{item.note}</span>
+                </div>
+              ))}
+            </div>
+          </GlassCard>
+        </FadeInView>
+
+        <FadeInView delay={0.25}>
+          <GlassCard hover={false} className="p-5">
+            <h3 className="text-sm font-bold text-purple-400 uppercase tracking-wider mb-3">
+              {de ? 'Gewinnverwendung' : 'Use of Profits'}
+            </h3>
+            <p className="text-xs text-white/50 mb-3">
+              {de
+                ? '100% Reinvestition in Wachstum — Standard bei schnell wachsenden SaaS-Startups.'
+                : '100% reinvestment in growth — standard for fast-growing SaaS startups.'}
+            </p>
+            <div className="space-y-2">
+              {(de ? [
+                'Keine Gewinnausschüttung bis mindestens Series A',
+                'Jeder Euro in Wachstum bringt 3-5x Return in 2-3 Jahren',
+                'Investition in: Engineering, Vertrieb, EU-Expansion',
+                'Gründer partizipieren über Equity-Wertsteigerung, nicht Gehalt',
+              ] : [
+                'No profit distribution until at least Series A',
+                'Every euro in growth returns 3-5x in 2-3 years',
+                'Investment in: engineering, sales, EU expansion',
+                'Founders participate through equity appreciation, not salary',
+              ]).map((item, idx) => (
+                <p key={idx} className="text-xs text-white/60 pl-3 relative">
+                  <span className="absolute left-0 top-1 w-1.5 h-1.5 rounded-full bg-purple-400/60" />
+                  {item}
+                </p>
+              ))}
+            </div>
+          </GlassCard>
+        </FadeInView>
+      </div>
+
+      {/* ESOP + INVEST + Series A */}
+      <div className="grid md:grid-cols-3 gap-4 mb-6">
+        <FadeInView delay={0.3}>
+          <GlassCard hover={false} className="p-4">
+            <h3 className="text-xs font-bold text-cyan-400 uppercase tracking-wider mb-2">
+              ESOP {de ? '(Mitarbeiterbeteiligung)' : '(Employee Stock Option Plan)'}
+            </h3>
+            <p className="text-xs text-white/60 leading-relaxed">
+              {de
+                ? '5,4% ESOP-Pool für Schlüsselmitarbeiter. Vesting über 4 Jahre mit 1 Jahr Cliff. Besonders wichtig für frühe Hires (Security Engineer, CE-Ingenieur, Channel Manager), die unter Marktgehalt einsteigen. ESOP wird aus Gründeranteilen gestellt.'
+                : '5.4% ESOP pool for key employees. 4-year vesting with 1-year cliff. Especially important for early hires (security engineer, CE engineer, channel manager) who join below market salary. ESOP comes from founder shares.'}
+            </p>
+          </GlassCard>
+        </FadeInView>
+
+        <FadeInView delay={0.35}>
+          <GlassCard hover={false} className="p-4 border border-emerald-500/20">
+            <h3 className="text-xs font-bold text-emerald-400 uppercase tracking-wider mb-2">
+              INVEST {de ? '(Staatlicher Zuschuss)' : '(Government Subsidy)'}
+            </h3>
+            <p className="text-xs text-white/60 leading-relaxed mb-2">
+              {de
+                ? 'Das BAFA-Programm "INVEST — Zuschuss für Wagniskapital" erstattet Business Angels 20% ihres Investments als nicht rückzahlbaren Zuschuss.'
+                : 'The BAFA program "INVEST — Venture Capital Grant" reimburses business angels 20% of their investment as a non-repayable grant.'}
+            </p>
+            <div className="space-y-1 text-xs">
+              <div className="flex justify-between"><span className="text-white/40">{de ? 'Zuschuss' : 'Grant'}</span><span className="text-emerald-300 font-bold">20%</span></div>
+              <div className="flex justify-between"><span className="text-white/40">{de ? 'Bei 975k Investment' : 'On EUR 975k'}</span><span className="text-emerald-300 font-bold">195.000 EUR</span></div>
+              <div className="flex justify-between"><span className="text-white/40">{de ? 'Max. pro Investor/Jahr' : 'Max. per investor/yr'}</span><span className="text-white/60">500.000 EUR</span></div>
+              <div className="flex justify-between"><span className="text-white/40">{de ? 'Haltefrist' : 'Holding period'}</span><span className="text-white/60">{de ? '3 Jahre' : '3 years'}</span></div>
+            </div>
+          </GlassCard>
+        </FadeInView>
+
+        <FadeInView delay={0.4}>
+          <GlassCard hover={false} className="p-4">
+            <h3 className="text-xs font-bold text-blue-400 uppercase tracking-wider mb-2">
+              {de ? 'Series A Ausblick (Q1/Q2 2028)' : 'Series A Outlook (Q1/Q2 2028)'}
+            </h3>
+            <div className="space-y-1.5 text-xs">
+              <div className="flex justify-between"><span className="text-white/40">{de ? 'Bewertung' : 'Valuation'}</span><span className="text-white/70 font-mono">15-25 Mio. EUR</span></div>
+              <div className="flex justify-between"><span className="text-white/40">{de ? 'Volumen' : 'Round size'}</span><span className="text-white/70 font-mono">5-15 Mio. EUR</span></div>
+              <div className="flex justify-between"><span className="text-white/40">{de ? 'Verwässerung' : 'Dilution'}</span><span className="text-white/70 font-mono">20-25%</span></div>
+              <div className="flex justify-between"><span className="text-white/40">{de ? 'Gründer danach' : 'Founders post'}</span><span className="text-white/70 font-mono">~55-60%</span></div>
+              <p className="text-[10px] text-white/30 mt-2 italic">
+                {de ? 'Bei 3M+ ARR und 100+ Kunden' : 'At EUR 3M+ ARR and 100+ customers'}
+              </p>
+            </div>
+          </GlassCard>
+        </FadeInView>
+      </div>
+    </div>
+  )
+}
diff --git a/pitch-deck/lib/i18n.ts b/pitch-deck/lib/i18n.ts
index 6123cb8..ecbf6ee 100644
--- a/pitch-deck/lib/i18n.ts
+++ b/pitch-deck/lib/i18n.ts
@@ -23,6 +23,7 @@ const translations = {
       'Team',
       'Finanzen',
       'The Ask',
+      'Investition & Cap Table',
       'KI Q&A',
       'Anhang: Annahmen',
       'Anhang: Architektur',
@@ -315,6 +316,7 @@ const translations = {
       'Team',
       'Financials',
       'The Ask',
+      'Investment & Cap Table',
       'AI Q&A',
       'Appendix: Assumptions',
       'Appendix: Architecture',
diff --git a/pitch-deck/lib/presenter/presenter-faq.ts b/pitch-deck/lib/presenter/presenter-faq.ts
index b21bc59..dc7b55b 100644
--- a/pitch-deck/lib/presenter/presenter-faq.ts
+++ b/pitch-deck/lib/presenter/presenter-faq.ts
@@ -434,6 +434,28 @@ export const PRESENTER_FAQ: FAQEntry[] = [
     priority: 9,
   },
 
+  // === INVESTITION & CAP TABLE ===
+  {
+    id: 'investment-captable',
+    keywords: ['bewertung', 'valuation', 'cap table', 'anteile', 'shares', 'equity', 'invest', 'pre-money', 'post-money', 'wie viel prozent', 'how much percent', 'verwässerung', 'dilution'],
+    question_de: 'Wie ist die Bewertung und wie sieht der Cap Table aus?',
+    question_en: 'What is the valuation and cap table?',
+    answer_de: 'Wir gehen mit einer Pre-Money-Bewertung von 4 Millionen Euro in die Pre-Seed-Runde. Bei einem Investment von 975.000 Euro ergibt sich eine Post-Money-Bewertung von knapp 5 Millionen Euro. Der Investor erhält dafür etwa 19,6 Prozent der Anteile. Die beiden Gründer halten zusammen 75 Prozent, wobei ein ESOP-Pool von 5,4 Prozent für Schlüsselmitarbeiter vorgesehen ist, die in der frühen Phase unter Marktgehalt einsteigen. Besonders attraktiv für Business Angels: Über das INVEST-Programm des BAFA erhalten Investoren 20 Prozent ihres Investments als staatlichen Zuschuss zurück — das sind bei 975.000 Euro Investment ganze 195.000 Euro nicht rückzahlbarer Zuschuss. Die einzige Bedingung ist eine Haltefrist von drei Jahren.',
+    answer_en: 'We enter the pre-seed round with a pre-money valuation of 4 million euros. With an investment of 975,000 euros, this results in a post-money valuation of just under 5 million euros. The investor receives approximately 19.6 percent of the shares. Both founders hold 75 percent together, with a 5.4 percent ESOP pool reserved for key employees joining in the early phase below market salary. Particularly attractive for business angels: through the BAFA INVEST program, investors receive 20 percent of their investment back as a government grant — that is 195,000 euros non-repayable on a 975,000 euro investment. The only condition is a three-year holding period.',
+    goto_slide: 'cap-table',
+    priority: 10,
+  },
+  {
+    id: 'investment-profit-use',
+    keywords: ['gewinn', 'profit', 'ausschüttung', 'dividende', 'dividend', 'reinvestition', 'reinvestment', 'gehalt gründer', 'founder salary', 'wann verdienen', 'when earn'],
+    question_de: 'Was passiert mit den Gewinnen?',
+    question_en: 'What happens with the profits?',
+    answer_de: 'Bei schnell wachsenden SaaS-Startups ist der Standard klar: Gewinne werden zu 100 Prozent reinvestiert, nicht ausgeschüttet. Jeder Euro, der heute in Wachstum fließt, bringt in zwei bis drei Jahren den drei- bis fünffachen Return. Eine Ausschüttung wäre in dieser Phase wirtschaftlich nicht sinnvoll und würde bei Investoren ein rotes Signal auslösen. Die Gründer partizipieren über die Wertsteigerung ihrer Equity-Anteile, nicht über das Gehalt. Im ersten Jahr arbeiten die Gründer unbezahlt, ab 2027 gibt es 7.000 Euro brutto pro Monat — bewusst unter Marktniveau, um Kapitaldisziplin zu zeigen. Ab dem Break-Even 2029 steigt das Gehalt moderat auf rund 9.000 Euro. Das ist der gleiche Ansatz, den Vanta, Snyk und DataGuard in ihrer Frühphase verfolgt haben.',
+    answer_en: 'For fast-growing SaaS startups, the standard is clear: profits are 100 percent reinvested, not distributed. Every euro invested in growth today returns three to five times in two to three years. Distribution at this stage would not make economic sense and would be a red flag for investors. The founders participate through the appreciation of their equity stakes, not through salary. In the first year, founders work unpaid. From 2027, they receive 7,000 euros gross per month — deliberately below market level to show capital discipline. From break-even in 2029, salary increases moderately to about 9,000 euros. This is the same approach that Vanta, Snyk and DataGuard took in their early phases.',
+    goto_slide: 'cap-table',
+    priority: 9,
+  },
+
   // === TEAM & PERSONALAUFBAU ===
   {
     id: 'team-structure',
diff --git a/pitch-deck/lib/slide-order.ts b/pitch-deck/lib/slide-order.ts
index c01721d..9a2073e 100644
--- a/pitch-deck/lib/slide-order.ts
+++ b/pitch-deck/lib/slide-order.ts
@@ -16,6 +16,7 @@ export const SLIDE_ORDER: SlideId[] = [
   'team',
   'financials',
   'the-ask',
+  'cap-table',
   'ai-qa',
   'annex-assumptions',
   'annex-architecture',
diff --git a/pitch-deck/lib/types.ts b/pitch-deck/lib/types.ts
index bc9c197..82ba4f0 100644
--- a/pitch-deck/lib/types.ts
+++ b/pitch-deck/lib/types.ts
@@ -216,6 +216,7 @@ export type SlideId =
   | 'team'
   | 'financials'
   | 'the-ask'
+  | 'cap-table'
   | 'ai-qa'
   | 'annex-assumptions'
   | 'annex-architecture'