SeedSAFE is the SeedLegals name for all our SAFEs. With SeedSAFE, you can either raise using the terms and features of the standard YC SAFE, or choose enhanced features including: - Add a longstop date and fixed valuation, - GIve investors a discount - Set a valuation cap - Define a minimum investment amount - Specify the share class for new investors - Add provisions for investors rights Or, you can create a SeedFAST (the UK standard).

SeedFAST is an advanced subscription agreement that SeedLegals developed for the UK. SeedFAST is now the market-standard document for startups looking to raise early-stage capital in the UK. SeedFASTs are individual, super simple, quick agreements for future equity in the company where investors pre-pay for shares that will be allocated to them in the next funding round. SeedFASTs can be customised to suit the investment/ You can include a longstop date, valuation cap, discount rate, minimum investment amount, share class for the shares you’ll issue to the investor in future, and investor rights including investor majority right, board observer right and Most Favoured Nation (MFN) clause.

A CLN (or just ‘convertible note’) is a short-term debt instrument that allows investors to make a loan to your company and this loan either converts into shares of your company (typically at the next funding round) or is ‘redeemed’, which means that you repay the investment amount in full, with the agreed interest. SeedNOTE is our SeedLegals CLN. It used to be prohibitively expensive and complicated to raise capital by convertible debt, so we developed SeedNOTE as a simple and powerful tool for fundraising companies.

What is the difference between a SAFE and a CLN?

CLNs sometimes get confused with SAFEs as they are both agreements you make with investors that help you raise money before a funding round. The main difference between SAFEs and CLNs is that convertible notes are debt-equity (also known as quasi-equity) instruments while SAFEs are equity agreements. The convertible debt can be repaid in certain scenarios, and it can carry interest, while a SAFE (such as a SeedSAFE or a SeedFAST) is not repayable at all.

When do I need to issue equity to my investor?

It depends on what terms you choose for your agreement. Your SeedSAFE and SeedNOTE convert to equity either: - at the next funding round, or - when you raise above a preset qualifying amount, or - at the longstop or maturity date This is the date at which the agreement automatically converts if you don’t raise any more funds.

I have operations in the UK, can SeedLegals help?

Yes, absolutely. We offer a range of services in the UK and it can be more efficient to streamline your international operations through SeedLegals. Ask us for more information.

I have a UK investor and they are asking me about SEIS/EIS relief?

In the UK, the Enterprise Investment Schemes - SEIS and EIS - give generous tax breaks to investors in startups and scale-ups. If an investment in your company qualifies for SEIS or EIS, it can make you much more attractive to UK investors. . Our SeedFAST agreements aren’t classed as debt so they are SEIS and EIS compliant, as long as you include a longstop date no more than six months from when your investor gives you the funds (so the agreement converts to equity within the six months). SeedNOTEs aren’t compatible with SEIS or EIS because they’re classed as debt.

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Agile fundraising for startups in Hong Kong

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Rather than waiting to do a full funding round, start agile fundraising now with SeedSAFE and SeedNOTE.

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Simple agreements for future equity

SeedSAFE, the flexible and fast way to take investment

Take investment without needing to determine your valuation today. Our flexible simple agreements for future equity (SAFEs) allow you to raise quickly and with terms to suit your fundraising.

Find out more about SeedSAFE

Convertible loan notes

SeedNOTE, to raise with debt and equity

Convertible loan notes (CLNs) can be complex, but they don’t need to be complicated. When you have investors who want complex terms, simplify your investment with SeedNOTE.

Find out more about SeedNOTE

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SeedSAFE

Agile fundraise before, between or after a round with our simple agreements for future equity. Pricing starts at HK$990 and is capped at HK$24,990, and includes free conversion into shares later.

From HK$990

How much will my SeedSAFE cost me?

What's included?

SeedSAFE Advanced Subscription Agreement
Investor Consent Notice
Board & Shareholders Resolutions
Free conversion into shares later
Automatically updated cap table
Step-by-step wizard, hint text and tutorials
Share and sign everything on SeedLegals
Unlimited support from our team

How it works

1
Subscribe to SeedLegals and create your company account
2
Create your SeedSAFE
3
Enter your investment details
4
Invite your investors to review and sign on SeedLegals
5
Your investors transfer you the funds directly

You'll need a SeedLegals subscription (HK$490/month or HK$4,990/year)

Get started free

Perfect for complex one-off investments

SeedNOTE

Our full-featured convertible note. HK$6,990 to unlock, balance on completion. Pricing starts at HK$19,990 and is capped at HK$49,990, and includes free conversion into shares later.

From HK$19,990

How much will my SeedNOTE cost me?

What's included?

Term Sheet
SeedNOTE Convertible Loan Agreement
Investor Consent Notice
Board & Shareholders Resolutions
Free conversion into shares later
Automatically updated cap table
Step-by-step wizard, hint text and tutorials
Share and sign everything on SeedLegals
Unlimited support from our team

How it works

1
Subscribe to SeedLegals and create your company account
2
Create your SeedNOTE
3
Enter your investment details
4
Invite your investors to review and sign on SeedLegals
5
Your investors transfer you the funds directly

You'll need a SeedLegals subscription (HK$490/month or HK$4,990/year)

Get started free

Frequently asked questions

Still have questions?

Get in touch

What is a SeedSAFE?

SeedSAFE is the SeedLegals name for all our SAFEs. With SeedSAFE, you can either raise using the terms and features of the standard YC SAFE, or choose enhanced features including:
- Add a longstop date and fixed valuation,
- GIve investors a discount
- Set a valuation cap
- Define a minimum investment amount
- Specify the share class for new investors
- Add provisions for investors rights

Or, you can create a SeedFAST (the UK standard).
What is a SeedFAST?

SeedFAST is an advanced subscription agreement that SeedLegals developed for the UK.
SeedFAST is now the market-standard document for startups looking to raise early-stage capital in the UK.
SeedFASTs are individual, super simple, quick agreements for future equity in the company where investors pre-pay for shares that will be allocated to them in the next funding round.
SeedFASTs can be customised to suit the investment/ You can include a longstop date, valuation cap, discount rate, minimum investment amount, share class for the shares you’ll issue to the investor in future, and investor rights including investor majority right, board observer right and Most Favoured Nation (MFN) clause.
What is a SeedNOTE?

A CLN (or just ‘convertible note’) is a short-term debt instrument that allows investors to make a loan to your company and this loan either converts into shares of your company (typically at the next funding round) or is ‘redeemed’, which means that you repay the investment amount in full, with the agreed interest.
SeedNOTE is our SeedLegals CLN. It used to be prohibitively expensive and complicated to raise capital by convertible debt, so we developed SeedNOTE as a simple and powerful tool for fundraising companies.
What is the difference between a SAFE and a CLN?

CLNs sometimes get confused with SAFEs as they are both agreements you make with investors that help you raise money before a funding round.
The main difference between SAFEs and CLNs is that convertible notes are debt-equity (also known as quasi-equity) instruments while SAFEs are equity agreements. The convertible debt can be repaid in certain scenarios, and it can carry interest, while a SAFE (such as a SeedSAFE or a SeedFAST) is not repayable at all.
When do I need to issue equity to my investor?

It depends on what terms you choose for your agreement. Your SeedSAFE and SeedNOTE convert to equity either:
- at the next funding round, or
- when you raise above a preset qualifying amount, or
- at the longstop or maturity date
This is the date at which the agreement automatically converts if you don’t raise any more funds.
I have operations in the UK, can SeedLegals help?

Yes, absolutely. We offer a range of services in the UK and it can be more efficient to streamline your international operations through SeedLegals. Ask us for more information.
I have a UK investor and they are asking me about SEIS/EIS relief?

In the UK, the Enterprise Investment Schemes - SEIS and EIS - give generous tax breaks to investors in startups and scale-ups. If an investment in your company qualifies for SEIS or EIS, it can make you much more attractive to UK investors. .
Our SeedFAST agreements aren’t classed as debt so they are SEIS and EIS compliant, as long as you include a longstop date no more than six months from when your investor gives you the funds (so the agreement converts to equity within the six months).
SeedNOTEs aren’t compatible with SEIS or EIS because they’re classed as debt.

Get in touch

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