6 years ago

SeedLegals Raises $4 Million to Automate Startup Fundraisings

  • SeedLegals, a legal technology company that automates startup fundraisings, has closed a $4 million Series A round led by Index Ventures

  • The company, which was founded in 2017, now has 7,000 startups using its platform

  • SeedLegals says its platform helps companies build and negotiate term sheets, shareholder agreements, cap tables, stock option allocations, EIS approvals, hiring agreements, NDAs and more.

      • ProblemTechnology

      "Fundraising for startups is a complex and expensive process, with lawyers charging high fees to create custom documents for each transaction. This process can take months and cost thousands of pounds, which can be a significant barrier for startups."

      Solution

      "SeedLegals automates the entire fundraising process, from building and negotiating term sheets to managing all related legal documents. The platform uses pre-built knowledge, deal data, and document automation to dynamically build all the outputs, replacing spreadsheets and Word docs with a database-driven platform. This makes the process faster and more affordable for startups."

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