Support in raising investment for an IT project
An investor buys not a company but a product and the rights to it, and the first thing they check is whether those belong to the company rather than to the founder personally. We document the deal so that afterwards the product stays with the party that develops it.
What is included
- A convertible loan agreement with agreed terms and the consequences of declining conversion
- A project partners’ agreement with an exit procedure and the fate of the product if the partners part ways
- A shareholders’ agreement and options that keep control with the team after the investor comes in
- The company’s confirmed rights to the product, which stand up to the investor’s due diligence
- A letter of intent that protects the resources invested before the deal is signed
Case study
A convertible loan that grew into ongoing support
The request
The education start-up Feedback Lab was raising money from a private investor under a convertible loan agreement. The parties discussed the conversion terms directly and could not reach agreement.
What we did
We drafted the deal documentation and agreed the terms between the investor and the founders. Later we documented a change to the loan terms, the admission of a new participant, amendments to the charter and the work of the board of directors.
The result
The deal closed on terms that both parties understood in the same way. For the same client we then assembled the product side – the service’s public offer, the policy and consents, and a trade secret policy.
Solve your matter
Tell us about your situation — we will offer a concrete solution.