
Matters /
Equity investment
Use RoboLawyer to manage your next equity funding round for a fixed price and without stress.
- Pre-money valuation of company
- Current directors, shareholders and founders
- Names of investors and amounts to be invested
- Whether SEIS/EIS relief is to be sought
- Knowledge of any consents required
- Inclusion of existing SAFEs/advances
- Investment in one or two tranches
- Milestone or date based completion of second tranche
- Pre-authorised issue of further new shares
- Level and type of warranties to be given
- Share vesting provisions
- Composition of the board
- How ongoing decisions will be made
- When and what information will be shared
- Whether any new option pool is to be included
- What happens on an exit or failure
- Automatic share price calculations
- Cap table projections for each stage
- Deal overview memo for the board
- SEIS/EIS guidance note for the board
- Subscription agreement for new shares
- Disclosure letter against warranties
- Shareholders' agreement for ongoing relationships
- New tailored articles of association
- All shareholders' resolutions
- Fully detailed board minutes
- All Companies House forms
- All share certificates
More about this matter.
Our deal structure and documents are based on the industry standard British Venture Capital Association model documents for early stage companies, but we've gone through them with a fine tooth comb and redrafted as required to make them crystal clear so that you can understand every sentence that appears in them.
We barely ask you for any info to get started. You simply need to know the existing ownership of your company, what your company's pre-money valuation is and how much each investor will invest and we'll produce full calculations and projections instantly. You can make as many changes as you want too.
If you are looking to apply for SEIS and/or EIS advance assurance, you are in luck. This matter includes a tailored guidance note written for the board outlining exactly how to fill out the HMRC application for advance assurance, which of the draft documents prepared by RoboLawyer should be attached and which need to be prepared by you. It even includes further guidance about the steps you need to take when actually claiming the reliefs from HMRC in the future.
Our unique interface allows you to rapidly alter the structure of the deal. Want to do it in two tranches and include milestones to be achieved before the second round of shares is issued? Just click a button. Want to move a name from one tranche to another? Just drag it. Maybe a single tranche is better? Just hit consolidate. All calculations and contracts will be updated instantly.
It's common to split shares into smaller denominations before closing an equity round, but it can be a pain to include it in your documents. We make it easy by automatically including the right wording in your completion board minutes and shareholders' resolutions and preparing the proper Companies House form automatically.