--- title: How to Identify the Tranche of a Project You’re Investing In description: Some projects may open in multiple “tranches” (or rounds), which can sometimes be confusing for members who want to confirm exactly which tranche they’re investing in. --- [Skip to content](https://learning.addyinvest.com/how-to-identify-the-tranche-of-a-project-youre-investing-in#main-content) English Show submenu for translations ![addy logo.png\]](https://learning.addyinvest.com/hs-fs/hubfs/logos%20-%20addy/addy%20logo.png?height=40&name=addy%20logo.png) Open main navigation Close main navigation - English Show submenu for translations - [Go to addyinvest.ca](https://addyinvest.ca/) [Go to addyinvest.ca](https://addyinvest.ca/?hsLang=en) Hello 👋 How can we help you? - There are no suggestions because the search field is empty. 1. [addy Help Centre](https://learning.addyinvest.com/?hsLang=en) 2. [Information for Members](https://learning.addyinvest.com/information-for-members?hsLang=en) 3. [Due Diligence](https://learning.addyinvest.com/information-for-members?hsLang=en#due-diligence) # How to Identify the Tranche of a Project You’re Investing In ## Some projects may open in multiple “tranches” (or rounds), which can sometimes be confusing for members who want to confirm exactly which tranche they’re investing in. ### 1. Look for a “2” or Other Numerical Indicator on the Mini Prop When a project opens multiple tranches under separate campaigns, you’ll often see the project name followed by a small “2” or subsequent numerical tag. --- ### 2. Check the Offering Document If the project’s name has not changed—yet it appears to have re-opened—be sure to review the **Offering Document**: - **Current Amount Raised:** Look for any updates on how much money the issuer has raised to date to all investors with outstanding securities. - **Prior Crowdfunding Distributions:** The document should also mention any distributions the issuer has made to existing investors in the past five years. - **Offering Terms:** Even if the campaign has been re-opened, the offering terms might remain the same as the original. --- ### 3. Confirm with the Issuer or Our Team If you’re unsure whether you’re in Tranche 1 or Tranche 2 (or if it’s simply the same campaign re-opened): 1. **Ask directly in the project’s Discord channel:** The issuer or our team can let you know if any details have changed since the previous round. 2. **Reach out to support:** If you have questions about the project’s structure, we’re here to help you navigate the documentation and clarify any confusion. --- ### 4. Why Tranches Re-Open or Multiply - **Maximizing Fundraising Windows:** An issuer might have reached their initial goal or time limit but then decided to open another round to raise additional funds. - **Separate Campaigns for Reporting:** Multiple campaigns (with “2” or another label) help both investors and issuers keep track of each tranche’s progress or milestones more easily. --- ### Key Takeaways - **Multiple Tranches:** Look for project names labeled with a numerical indicator. - **Same Offering, Re-Opened:** Check the Offering Document for how much has been raised to date and any changes in terms. - **Always Ask:** If in doubt, ask the issuer in the project’s channel or contact our support team to ensure you know exactly which tranche you’re joining. - [Information for Members](https://learning.addyinvest.com/information-for-members?hsLang=en#main-content) - [General](https://learning.addyinvest.com/information-for-members?hsLang=en#general) - [Distributions](https://learning.addyinvest.com/information-for-members?hsLang=en#distributions) - 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