We raise $5M at $20M post money 5 years ago.. we have survived through 3 pivots. Our OG investors have mostly written us off.. We are finally getting good traction and 15-20% MOM growth last few months. I want to go raise money in a few months. But our cap table is a mess with ~40% diluted and investors with anti dilution.

One of the new investors i am talking to is asking for recapping the cap table.

Anyone here has done that? any advice / suggestions?