Startups made easy. Sorted.

Rollup - group investors on your cap table

Roll up
investors into one group

Turn multiple investors into one easy-to-manage entry on your cap table with a rollup.

Unlimited investors, one line

Keep your cap table clean

Create a rollup and add your investors to a single legal entity. Forming a nominee company or SPV is now just a few clicks.

  • tickGroup investors into one cap table entry, a SeedLegals nominee company
  • tickSEIS/EIS compatible - investors get tax relief as if they were direct investors
  • tickWorks with SeedFAST - add the investor to the rollup on conversion
Sorted in a couple of clicks

Add a rollup, speed through your round

On SeedLegals, it’s simple to manage your fundraise and equity all in one place.

  • tickAdd investors to your round and choose whether they join the rollup or invest directly
  • tickDo it all on one workflow, with the rest of your funding round
  • tickNo charge to get started, pay the Rollup fee when you close the round

How to create a rollup on SeedLegals

  • Start your funding round

    Work through the steps to build your Term Sheet and generate all funding round documents

  • Unlock Rollup, add investors

    Choose whether the investor joins the round in the rollup or as a direct investor

  • Share the Rollup Agreement

    All investors in the rollup must sign this agreement

  • Choose the proxy

    Select the investor in the rollup who acts as the representative of the group

  • Get your rollup investor KYC-checked

    We run checks to verify your rollup investors are who they say (no action needed from you or the investor)

  • Complete the round

    Receive the funds, finish the deal docs

Unlimited support

Chat online anytime with our experts

Our expert team is here to guide you through your startup funding journey.

  • tickTalk to us via chat, phone, email or video call
  • tickUnlimited help included in all memberships - no extra cost
  • tickAsk us anything - we're here 9am to 6pm Monday to Friday


Frequently asked questions about rollups

  • What is a rollup?

    Rollup is an optional add-on to a funding round that allows you to group together an unlimited number of investors into a single entry on your cap table.

    Technically, the rollup works as a type of Special Purpose Vehicle (SPV). The investors inside the rollup invest into this vehicle, which then invests into your company. This means that all the investors in the rollup are treated as a single legal entity, not individual investors.
  • What’s the benefit of having a rollup?

    The more individual shareholders you have, the more communication you have to manage.

    When your startup is in an early stage, your round might consist of multiple smaller investments from angels who aren’t interested in being involved beyond putting in money and waiting for a return.

    Adding them into a rollup saves both you and them time. You won’t have to chase lots of people when you need shareholder approval, and they can outsource their investor responsibilities to a trusted proxy.

    At later funding rounds, you might find VC and institutional investors prefer a ‘clean cap table’ (one that doesn’t have lots of small shareholders). Grouping smaller investors into one line helps keep your cap table focused, manageable and more attractive to later-stage investors.
  • What is a proxy? How do I choose one?

    One investor from the rollup has to represent all the other members. If the investors in the rollup get voting shares, it will be the proxy’s responsibility to collate the votes of all the investors in the rollup, and they will then vote yes or no based on the majority vote.

    If you don’t want the rollup investors to have any voting rights you can give them non-voting shares, but you’ll still need to designate a proxy for administrative purposes.

    By default on the SeedLegals platform, the first investor you add to the rollup is selected as the proxy. You can change this to any investor in the rollup at any time during the round.
  • Can rolled up investors get SEIS/EIS?

    Yes, if your investors qualify, you can still offer rolled up investors SEIS/EIS tax relief as normal.
  • Can I have more than one rollup in a round?

    No, currently it’s only possible to have one rollup with one type of share class per funding round.

    Investors in the rollup are still individually entitled to receive SEIS/EIS tax relief when eligible and discounts if applicable.
  • Can I use a rollup if I’m raising using SeedFASTs

    Yes, if and when the SeedFAST converts into shares during the round, you can choose whether it converts as a direct investment or inside the rollup.

    The investor will need to join the rollup and sign the rollup agreement.
  • I already have a lot of investors on my cap table. Can I use a rollup to clean it up?

    No, the rollup is ‘signed and sealed’ as part of the funding round, and you can't make any changes after the round is complete.

    It would be a different legal process to retroactively group investors together, which we currently don’t support. If you’d be interested in having this option, please get in touch with the SeedLegals team.
  • Why do investors in the rollup need to be KYC-checked?

    To comply with the UK’s Financial Conduct Authority (FCA) regulations, SeedLegals has to confirm the identity of every investor in the rollup.
  • Is SeedLegals Rollup the same as AngelList’s Roll Up Vehicle (RUV)?

    SeedLegals rollup works in a similar way to AngelList’s RUV.

    The benefit of choosing SeedLegals is that we make it easy to manage your cap table, funding round and share options all in the same place, with unlimited expert support.

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