UK #1 for funding rounds
The faster way to do a funding round
Raise your funding round on the UK’s #1 platform. Create and negotiate all your investment documents in one powerful, streamlined workflow. Unlimited expert help included.
companies use SeedLegals
raised on SeedLegals
closer of funding rounds
1 in 6
UK rounds closed on SeedLegals
Startup funding made simple
Create your legal docs instantly
Forget billable hours and expensive back and forth with a traditional law firm. On SeedLegals it’s fast, simple and cost-effective to create, auto-update and sign all the funding round documents you need.
- Generate customised fully compliant docs in minutes
- Share, sign and store everything online
- Save thousands on legal and accounting fees
Lead with the Term Sheet
Instantly create every agreement, every term, every clause - exactly how you want it. Your dedicated funding specialist is on hand to walk you through the deal terms so you can choose what’s right for your company.
- Create your Term Sheet, auto-filled from your key terms
- View built-in tutorials to help you choose your terms
- Use insights from the 1,000s of rounds closed on SeedLegals
Seal the deal online
Close your funding round in record time
After you've agreed the Term Sheet, we instantly generate all the documents your investors have to sign, including the Disclosure Letter, Shareholders Agreement and Articles.
- Templates created and vetted by lawyers
- Documents based on industry-standard BVCA model agreements with customisable terms - everything from Investor Consent and Founder Vesting to Growth Shares
- Designed for SEIS/EIS
Document commenting feature
Negotiate effortlessly with live comments
Keep track of negotiations easily with instant comments on your funding round documents. Investors can ask questions, suggest counter terms and discuss privately with company admins. No more back-and-forth email threads.
- Keep comments private between you and each investor
- Never miss a comment with instant email and platform notifications
- Negotiate on the go with optimised mobile version
Deal Data Room
Control access to your confidential info
Get ready for due diligence. Use your secure Deal Data Room to share documents with custom groups of investors, lawyers and advisors.
- Upload documents to your Deal Data Room
- Grant, edit and remove access for individuals and custom groups
- All in the same place as the rest of your investment docs
Unlimited support for your funding round
Chat online anytime with our experts
Need some help? Not sure how to push back in your negotiations with investors? Confused by ‘drag along’ and ‘tag along’? Our expert team is here to guide you through your startup funding journey.
- Talk to us via chat, phone, email or video call
- Unlimited help included in all memberships - no extra cost
- Ask us anything - we're here 9am to 6pm Monday to Friday
SeedLegals Advisory Service
Looking for specialist legal advice?
If you need a dedicated lawyer to support with negotiation and bespoke drafting for your Series A+ round, our Advisory Service can provide you with high quality legal advice, priced efficiently.
Get in touch with our experts at email@example.com to learn more.
You need it? We’ve got it
Here are just some of the reasons SeedLegals powers more funding rounds in the UK than anyone else.
Integrated Cap Table
Designed for SEIS & EIS
Companies House ready
Flexible ways to raise
Term Sheet review
Articles of Association
SH01 Allotment of Shares
How to raise your funding round on SeedLegals
Log in or register
It takes less than 3 minutes to create your SeedLegals account
Build your Term Sheet
Fill in your key deal terms to create your Term Sheet - customise everything from Investor Consent to Growth Shares
Get unlimited support
Our expert team is here to guide you through your funding round and explain any terms you’re unsure about
Generate all the documents
When your investors have signed the Term Sheet, go ahead to generate all the other documents
Send, sign and store your investment documentation, all in one place on SeedLegals
Track incoming investments
Use the funds tracker to record when money lands in your bank account
File official paperwork
Wrap up the investment process by submitting a Board Resolution, Shareholders Resolution and SH01
Frequently asked questions about funding rounds
What is a funding round?A funding round is when a company raises money from one or more investors. Typically a startup receives investment in exchange for equity in the company.
Startup funding is organised into different rounds according to the startup’s stage of development. Each investment stage usually only gives the startup enough capital to get to the next stage.
This works for investors, because they can put in a smaller amount of money and wait to see whether their investment leads to the growth they expected before investing again. It’s a way to limit the investor’s risk.
For startups, raising in rounds means they can put the investment amount towards achieving specific goals and then raise again at a higher valuation.
What are the different types of investment round?Broadly speaking, the distinct funding rounds in the life of a startup are:
Pre-seed or Bootstrap
This is the very first stage of funding, and usually the investors are the founders themselves, or friends and family of the founders. The pre-seed funding gives the startup just enough to get basic operations off the ground.
This is the first funding stage in which the startup seeks a formal investment from an external investor, such as an angel investor or a venture capital fund that specialises in early-stage startups.
The money raised during a seed round is often used to conduct market research, make key hires, build a minimum viable product (MVP) and test their product to prove product market fit.
Series A funding comes in when a startup can show traction in the market and that it is ready to scale. Companies typically use Series A funding to grow the team and continue developing the product and business.
Series B, C and beyond
If the company needs to raise funding to continue to grow, the next rounds are called Series B, C, D and so on.
How long does a funding round take?The fastest a company has closed a funding round on SeedLegals is nine days. But even for us, that’s fast! How long a funding round takes depends on many factors, including the complexity of the deal terms and personalities of the investors and founders involved.
From negotiating the Term Sheet to completing due diligence, gathering signatures and waiting for funds, the average funding round closed outside SeedLegals takes three to six months.
At SeedLegals, we’re focused on helping you close your round quickly and efficiently. We think six weeks is a realistic time-frame to complete your round.
With SeedLegals, instead of working to an expensive lawyer’s schedule, you get immediate access to expertly written and reviewed documents based on BVCA model documents. You create the documents you need - with the support of your dedicated investment specialist - and cut out the middleman.
Plus, we’ve pioneered the idea of agile funding. On SeedLegals, you can raise before a round with SeedFAST advanced subscription agreements and SeedNOTE convertible loan notes and top up after with Instant Investment. These are quick ways of getting funds into your account without going through all the steps of a traditional funding round.
What legal documents do I need for a funding round?The main funding documents you’ll need for your funding round are:
- Term Sheet
- Shareholders Agreement
- Articles of Association
- Disclosure Letter
- Previous Investor Notice
- Preemption Notice
- Board Resolution
- Shareholders Resolution
- SH01 Form
With SeedLegals, you can generate all these documents instantly and they update automatically whenever you make any changes to your terms - everything from Investor Consent and Founder Vesting, to Growth Shares.
When you’re ready to complete your round, all parties sign online and your documents are stored securely on SeedLegals.
For a complete list of everything you need and how SeedLegals can help, see our guide to closing your round on SeedLegals.
Do shareholders need to approve a funding round?Yes, every time you do a funding round, you will need the approval of your board of directors and your existing shareholders.
The documents you need to do this are:
- Board Resolution
- Shareholders Resolution
When you do your funding round on SeedLegals, we’ll let you know exactly what documents you need and when you need to sign and share them.
What does ‘closing a funding round’ mean?After you have negotiated the terms, got signatures and received the funds, your round isn’t officially closed until you’ve issued the share certificates and sent Companies House the documents it needs.
You’ll need to send Companies House your Articles of Association, your Shareholders Resolution and the SH01 form to confirm that you have issued new shares in your company.
At the end of your round, our team do a final check to make sure every document is aligned and accurate. With SeedLegals, you can be confident that what you’re submitting to Companies House is correct.
Need help finding investors? See our resources here
You’re in safe hands
Our team of legal and funding experts have helped thousands of entrepreneurs raise money and grow their businesses.
Your company's core agreements, all in one place
Share and collect signatures online via SeedLegals
Backed by real lawyers
Create the exact documents you need at every stage of growth
Serious about security
Your information stays safe and confidential in our secure system
Talk to one of our friendly team anytime on live chat
Don't worry, our insurance covers claims related to our platform
We’ve helped over 50,000 companies
From food to FinTech and beyond, join thousands of startups who use SeedLegals to start, raise and grow faster.
The reality is you’re on a journey; fundraising is so much about the narrative. SeedLegals allows you to tell the right story at the right time with the right legal documents for different types of investors.
Founder & CEO, Yoller
SeedLegals held our hand through complex investor negotiations and even picked up on some errors produced by our previous lawyers which were a well-known City law firm!
Founder & CEO, Qured
One of the great things about SeedLegals is that it is designed to be appropriate for the round and the stage of the business. They keep it simple. It feels like they really understand that.
Co-founder & CEO, Pluto
How do I get all the businesses I invest in to use SeedLegals?
Angel Investor , The Family
It's easy to forget about the legal side of things but SeedLegals make things really easy to understand. The team at SeedLegals are truly amazing.
There’s an opportunity to reach a specialist advisor via chat, phone and email to check in on anything. The SeedLegals team were extremely responsive – really amazing.