You might be interested to know the story of SeedLegals startup. The startup was founded by Anthony Rose and Lauren Raffey, a prominent entrepreneur and angel investor, respectively. These two people get to know each other during a ceremony in Rome. Anthony and Lauren had paid lawyers huge sums of money in each funding round for similar legal documents up to that point. These financing rounds take months to negotiate and reach a conclusion. Two colleagues decided to change this practice.
Six months later, SeedLegals was launched in 2016.
General introduction
SeedLegals is a legal startup that provides simple solutions for companies to go through the legal steps of attracting capital and distributing shares. In addition to facilitating fundraising, this company helps startups to have their approvals and legal agreements available. Agreements and legal approvals organized by SeedLegals are processed faster than the usual methods of handling the legal aspects of startup financing. This startup is the UK’s number 1 company in financing rounds and stock option plans.
It was the first platform in the world that allowed founders and investors to easily create, negotiate and sign all the legal contracts involved in conducting a funding round.
This company’s software closes the most financing round contracts in the UK. SeedLegals operates in the UK, Ireland, France, Singapore and Hong Kong and has employed around 150 skilled and intelligent employees so far.
Services
SeedLegals serves two main groups:
The first group: founders of companies
This company helps founders in 3 stages:
- initial stage
At this point, SeedLegals helps you prepare customized legal documents in less than 5 minutes and save a lot on legal fees. Also, by using this software, when working with contractors, interviewees and suppliers, you can obtain commitments from them not to disclose ideas and confidential information. This program has ready-made employment contract templates that you can use in hiring employees.
With this company’s software, you can create employment, internship, and zero-hour contracts for your team, and prepare and compile agreements with external consultants and contractors. Similarly, you will need the letter of appointment of this company to hire non-executive directors. If you are making a one-time investment or fundraising, SeedLegals will speed up and facilitate the process for you and your investors. From memorandums to certificates of ownership, everything is automatically generated and can be customized according to your requirements.
Use SeedLegals to create contracts that protect your company and its investors and distribute equity from the start. To do this, prepare a letter of commitment for the suppliers. This letter of commitment, which must be signed by all suppliers before the financing round, specifies the duties and requirements of the investors and the company manager, the share allocation plan, and other things, and to avoid any disputes. Do the transfer of intellectual property.
With the SeedLegals platform, you will be able to create a handbook for your employees in minutes. This handbook will contain your company’s policies and procedures. By doing this, you gather information such as salary and benefits, holidays, company statement and its values in one place. You no longer need a lawyer to draft company policies. Just fill out the provided questionnaire to create a guide book according to the rules of your workplace.
Create and manage your stock table in a few minutes with this startup’s platform. In this table, information such as the list of shareholders (in addition to the number of their shares) can be seen. Incentive shares (the number of shares you have allocated to employees to increase their motivation and enthusiasm) are also available as an option in this table.
Through this platform, you can apply in the EIS information system to guarantee your company. If your company is approved in this system, attracting investors will increase dramatically. Apply to guarantee your company with a simple workflow using SeedLegals to get approved faster than anywhere else.
- Capital raising stage
At this point, use SeedLegals to make your perfect pitch to investors (all the information about your company, your pitch, and your investment round) to easily share your pitch page with just one link instead of long emails and large files. In addition, you can update your page and delete old information. In this way, all items are stored in one place and confusion and crowding are avoided. By using this feature, it becomes possible to track and view page visitors as well as those interested in investing in the company.
Use SeedLegals to raise capital before a funding round (raising money from one or more investors). The company’s advanced subscription agreement, SeedFAST, along with its convertible loan service (SeedNOTE), provides one-time investment terms prior to the start of a financing round. In this way, you can attract capital without the need for evaluation.
Outsource your funding rounds to this platform. All your investment documents are created and negotiable in one simple process. Forget paying expensive hourly fees to traditional law firms. SeedLegals makes all the preparation, automatic updating and signing of the documents you need fast, simple and cost-effective. In addition, if you have any questions, you can get help from the specialists of this company. Once you’ve agreed to the company’s MOU clauses, SeedLegals will immediately prepare all the documents your investors need to sign, including non-disclosure agreements, shareholders’ agreements and investment terms.
By partnering with this company, you can have an immediate, EIS-compliant seed round.
- Stage of progress
At this point, use SeedLegals to manage stakeholders. Reward your team members with perks like stock option plans, tax credits, stock transfers, and more.
The second group: investors
This company helps 3 groups of investors:
SeedLegals helps angel investors invest on a platform trusted by thousands of angel investors around the world.
By using this software, the Deal Manager company can save weeks in the execution of deals and make its team focus on what is most important. Giving an investment proposal with a few clicks, doing everything online, sharing, signing agreements and managing all transactions in a single place are all facilities that this company has provided to the members of this team.
The Cohort Manager service group works smarter and more efficiently with the platform’s built-in management tools for accelerators and incubators.
