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  • Raise Raise Before a Round

Raise ahead of a funding round

Our SeedFAST advanced subscription agreements and SeedNOTE convertible loan notes let you raise investment before a funding round. Ready to sign in minutes.

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Introducing SeedFAST
and SeedNOTE

  • Raise Before A Formal Round

    Raise before a funding round

    Investors subscribe for shares in your next funding round in exchange for cash now.

  • Decide Your Valuation Later

    Decide your valuation later

    SeedFASTs & SeedNOTEs convert into shares later, giving you time to grow your future valuation.

  • Seis Eis Compatible

    SEIS/EIS Compatible

    SeedFASTs are SEIS/EIS compatible. SeedNOTEs offer additional features including interest and return of capital.

  • Here's how it works

    • Create a SeedFAST/NOTE

      It's one investment per SeedFAST, or as many as you want per SeedNOTE. Both are easy to set up and send out.

    • Set your deal terms

      Investors are usually given a 10% to 20% discount on the next round share price.

    • Receive your funds

      Once your investor signs they send you the cash directly.

    • Help is on hand

      Our team of funding experts are available on instant chat any time.

    SeedFAST, perfect for SEIS/EIS investments

    SeedFAST is a carefully constructed, simple and now incredibly popular alternative to a convertible note. Plus it's SEIS/EIS compatible.

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    SeedNOTE, perfect for more complex deal terms

    If your investor is looking for a return of capital, interest or more complex deal terms and isn't after SEIS or EIS, then our SeedNOTE convertible loan note is the way to go.

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    Low transparent pricing

    It's the best value in town.

  • Perfect for fast investments
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    What's included?
    • tickSeedFAST Agreement
    • tickInvestor Consent Notice
    • tickShareholders Resolution
    • tickBoard Minutes
    • tickUnlimited help from our support team

    How it works
    • 1
      Create a free SeedLegals account
    • 2
      Enter your investment details
    • 3
      Invite your investor to review and sign on SeedLegals
    • 4
      Your investor transfers you the funds directly

    Requires Cap Table subscription (first 30 days free)

  • Perfect for fast investments
    Venture

    SeedNOTE

    Investor looking for interest or return of capital? Our full-featured convertible note. £500 to unlock, balance on completion.

    From   £1000
    How much will my SeedNOTE cost me?
    What's included?
    • tickSeedNOTE Term Sheet
    • tickSeedNOTE Convertible Loan Agreement
    • tickPrevious Investor Consent
    • tickBoard Resolution
    • tickShareholders Resolution
    • tickUnlimited help from our support team

    How it works
    • 1
      Create a free SeedLegals account
    • 2
      Enter your investment details
    • 3
      Invite your investor(s) and shareholders to review and sign
    • 4
      Your investor(s) transfer you the funds directly

    Requires Cap Table subscription (first 30 days free)

  • Frequently asked questions

    • What is a SeedFAST?

      A SeedFAST is a type of Advance Subscription Agreement. These are individual, super simple, super quick agreements for future equity in the company where investors will pre-pay for shares that will then be allocated in the next funding round.

    • What is a SeedNOTE?

      A SeedNOTE is a type of Convertible Note. Convertible Notes give investors debt in your company, which will then be converted into shares at the next funding round. Being debt gives an investor more protection if things go wrong, and SeedNOTEs usually have an interest rate which the company pays to the investor.

    • When should I use a SeedFAST/ NOTE?

      SeedFASTs & SeedNOTEs should be used as a bridge to a later funding round (that will usually take place within a year), when you need to quickly take in a small amount of investment and you don’t want to commit to a valuation.

    • When does the investor get issued equity?

      The SeedFAST/ NOTE Agreement will convert to equity at the next funding round, when you raise above a preset qualifying amount, or at the long stop date, the date at which it will automatically convert if you don’t raise any more funds.

    • Are SeedFASTs SEIS/EIS compliant?

      Yes! SeedFAST Agreements are similar to Convertible Notes, however they aren’t classified as debt and this makes them SEIS and EIS compliant! As long as you convert the SeedFAST investor to equity within six months of them sending over the funds.

    • When can investors claim their SEIS/EIS relief?

      Investors can claim their SEIS/EIS tax relief in the tax year in which the shares were issued. This means that the investors won’t be able to claim their relief until the SeedFAST Agreement converts to equity.

    Get in touch

    You’re in safe hands

    Our team of legal and funding experts have helped thousands of entrepreneurs get funded and grow their businesses.

    • Your one place

      Keep your company's core agreements organised.

    • Secure online signatures

      Share and collect signatures on SeedLegals.

    • Backed by real lawyers

      Create the exact documents you need at every stage of growth.

    • We take security seriously

      Confidential. Secure passwords.

    • Real helpful humans

      Talk to us anytime on instant chat.

    • We're covered

      We have professional indemnity insurance that will cover any claim up to £2 million.

    We’ve helped over 15,000
    startups

    From food to FinTech and beyond, join thousands of startups who use SeedLegals to start, raise and grow faster.

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    Start your journey with us

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