--- title: "How to close SEIS/EIS funding before the 2026/27 tax year deadline" id: "1813" type: "post" slug: "3-ways-to-close-your-fundraise-fast" published_at: "2019-10-22T10:12:36+00:00" modified_at: "2025-01-22T12:10:00+00:00" url: "https://seedlegals.com/resources/3-ways-to-close-your-fundraise-fast/" markdown_url: "https://seedlegals.com/resources/3-ways-to-close-your-fundraise-fast.md" excerpt: "We explain three things you can do right now to make sure you get your investment over the line before 5 April 2025." taxonomy_category: - "SEIS EIS" --- 5 min read Expert reviewed This article has been fact-checked by a SeedLegals subject matter expert. [Meet our experts](https://seedlegals.com/authors-and-experts/) and learn more about our review process and quality assurance in our [editorial policy](https://seedlegals.com/editorial-policy/) . # How to close SEIS/EIS funding before the 2026/27 tax year deadline Published: Oct 22, 2019 Updated: Jan 22, 2025 Contents [Timeline: How to close SEIS/EIS funding before 5 April 2027](#timeline-how-to-close-seiseis-funding-before-5-april-2027) [3 ways to close your investment before the end of the tax year](#3-ways-to-close-your-investment-before-the-end-of-the-tax-year) [1. Use a SeedFAST agreement to take cash now](#1-use-a-seedfast-agreement-to-take-cash-now) [2. Close a smaller round now, activate Instant Investment to top up later](#2-close-a-smaller-round-now-activate-instant-investment-to-top-up-later) [3. Raise a Bootstrap round](#3-raise-a-bootstrap-round) [Talk to an expert](#talk-to-an-expert) [Writer Anthony Rose Co-Founder and CEO](https://seedlegals.com/resources/author/anthony/) [Editor Suzanne Worthington Senior Writer](https://seedlegals.com/resources/author/suzanne/) The run up to 5 April is one of the frantic peaks in the fundraising calendar with investors looking to maximise their [SEIS/EIS allowance](https://seedlegals.com/blog/what-is-seis-eis-an-essential-read-for-uk-startups) by closing their investments before the end of the financial year. For founders it’s a race to line up investors to agree and sign the fundraising paperwork including the term sheet, shareholders agreement and more. Until all investors agree (or if you’re crowdfunding, you’ve hit your minimum target) the round can’t close. And if a startup’s raising from multiple investors (14 is the average on SeedLegals) there’s a high chance that one or more will hold up the deal. What’s more, some investors, particularly those looking to maximise their tax free allowance for the year, will insist on seeing [advance assurance](https://seedlegals.com/start/seis-eis/) from HMRC before they commit to closing. They need to see proof that your startup qualifies for SEIS or EIS. So, what’s a founder to do? The good news is that at SeedLegals we’ve automated everything you’ll need close your investment online. In this post, we set out a timeline for closing your deal before the tax year end, and explain three things you can do right now to make sure you get your investment over the line before 5 April. **What happens if an investor is holding up your funding round by not sending you their money?** Funding rounds on SeedLegals now include *No Pay, No Play* so you can easily remove an investor who’s holding up your round without everyone having to re-sign all the deal documents. [Find out more](https://seedlegals.com/resources/no-pay-no-play/) ## Timeline: How to close SEIS/EIS funding before 5 April 2027 - **Now and ongoing** – Find, approach and schedule meetings with potential investors. If you want to close by the end of this tax year, intensify your investor outreach in January and February. - **Start of February 2027**– Prepare your application for SEIS/EIS Advance Assurance on SeedLegals – Send for review by SeedLegals experts – Feedback and finalise your application - **Mid-February**– We send your application for Advance Assurance to HMRC on your behalf. – For investors using next year’s allowance for tax relief, you can send them [SeedFAST agreements](https://seedlegals.com/raise/raise-before-a-round/) . For investors using this year’s allowance for tax relief, send them a Term Sheet for your [funding round](https://seedlegals.com/raise/raise-a-round/) . – Be prepared for negotiations at this stage to take around one month. No need to wait – you can negotiate terms with your investor while your Advance Assurance application is with HMRC. - **Before 17 March 2027**– Receive your Advance Assurance from HMRC – Inform investors that you have S/EIS Advance Assurance – Investors send their funds – Everyone signs the Resolutions - **24 to 28 March 2027**– SeedLegals experts complete a final review of your round to make sure everything is correctly complete – Close your round - **On or before 5 April 2027**– Issue shares to your investors – Complete and send form SH01 to Companies House to inform them about the new shareholders - **Anytime after 5 April 2027** Top up your round. Don’t delay closing your round because you have an investor (or investors) who is late sending their funds. Instead, close your round with ‘top up’ enabled, and add the late investors with an Instant Investment later on. ## 3 ways to close your investment before the end of the tax year First, [apply for SEIS/EIS Advance Assurance](https://seedlegals.com/start/seis-eis/) by 1 March 2027 at the latest. Approval can take up to six weeks. When you apply for Advance Assurance with SeedLegals, it usually takes around three to four weeks. Then you could try one of these strategies to close your investment fast: 1. Use a [SeedFAST agreement](https://seedlegals.com/raise/raise-before-a-round/) to take cash now from your investors but do the actual funding round next year – it can take just one or two days to close a SeedFAST 2. Close a smaller round now on SeedLegals and activate [Instant Investment](https://seedlegals.com/raise/top-up-a-round/) so you can top up later on – it usually takes founders around one week to close this way 3. If your investors are friends and family, you can quickly close a [Bootstrap round](https://seedlegals.com/raise/raise-a-round/) – these rounds usually close in three days Let’s look at these three options in more detail: ## **1. Use a SeedFAST agreement to take cash now** [SeedFAST agreements](https://seedlegals.com/raise/raise-before-a-round/) let you receive investment from your investors immediately and do the funding round at a later date. SeedFASTs can be issued to investors at any time. They are an [Advanced Subscription Agreement](https://seedlegals.com/resources/advanced-subscription-agreement/) – they allow investors to subscribe for shares in the next funding round in exchange for giving you the money now. It’s quick, inexpensive and fully compatible with SEIS/EIS so your investors get their tax benefits. Importantly, you don’t need to set a valuation for your company. Instead, your investors receive their shares when you close your next funding round – and normally you’ll give the SeedFAST investors a discount. If you’re in the position where you have a handful of investors lined up but not quite enough to reach your target, you can offer your investors a SeedFAST (it’s one per investment) instead. SeedFASTs are quick and easy to create on SeedLegals – in just a few minutes, you can be ready to send the agreement to your investor to sign. Ready to get started? [Try SeedLegals free for seven days](https://app.seedlegals.com/signup/) **How to choose the terms for your deal** Use the SeedLegals Termometer to find out which terms are market standard. Using data from 2,000+ funding rounds done on SeedLegals, we show you what terms are most commonly chosen, and what each term means for you and your investor(s). [Go to Termometer](https://seedlegals.com/termometer/) ## **2. Close a smaller round now, activate Instant Investment to top up later** But what if you’ve already opened your round and have some investors committed and ready to close, but not the full amount you were hoping for? Doing a funding round used to be a painfully slow 8 to 12 week process of drafting documents from scratch, and back-and-forth emails with documents full of tracked changes (and not to mention high legal fees). At SeedLegals, we’ve turned this into a seamless workflow, you can create all the agreements you need in just a few clicks. We also have plenty of [plenty of data](https://seedlegals.com/termometer/) to help you choose terms for your funding round based on what’s right for company – this can help you speed up negotiations and close in record time. However, it can often be a difficult decision of whether to close a smaller amount now or wait for those final investors to commit – and those commitments might take much longer than expected. That’s why we created [Instant Investment](https://seedlegals.com/raise/top-up-a-round/) – instead of waiting to reach your full initial target amount, you can close with the investors who are committed now, with a provision in the investment documents that allows you to accept additional Instant Investments later. Before, this would have been a difficult decision – to accept less money in the round than you wanted – because you probably wouldn’t have been able to accept any new investment without doing a new funding round. But with Instant Investment, you can send new investors a proposal *after* your round has closed in just a few clicks. When they’ve signed the agreement and transferred the money, SeedLegals takes care of the rest: issuing their shares and automatically syncing your cap table. ‍ ‍ ##### SeedLegals Flex ### Flex your fundraise Raise an unlimited number of investments before, during and after a round for one fixed price. You have 18 months from the date of purchase to use your Flex balance any way you like. [How it works](https://seedlegals.com/pricing/) ## **3. Raise a Bootstrap round** Completing the legal paperwork for a funding round can take up to three months due to the back-and-forth negotiations with your investors. Professional investors often have a set of terms they want in the documentation, which can hold up the investment. But when you’re fundraising from friends, family and people you know, usually they won’t have many requirements other than: ‘give me a fair deal, my share certificates and my SEIS tax benefits please!’ And that’s exactly why we designed our [Bootstrap round](https://seedlegals.com/resources/bootstrap-funding/) : it allows you to quickly and inexpensively accept a small amount of money (it’s ideal for round of up to £100,000) without having to create and negotiate over long-form documents that just aren’t necessary at this stage in your business. ## **Talk to an expert** Not sure what strategy to use for your fundraising? Want to see how SeedLegals can help? Book a free call with one of our experts: #### Anthony Rose Serial entrepreneur and startup champion, Anthony is our CEO and Co-Founder. [Read more](https://seedlegals.com/resources/author/anthony/) [https://www.linkedin.com/in/anrose/](https://www.linkedin.com/in/anrose/) Our team of experts is here to help Bring all your questions – we’ve got the answers! We’ll match you with the right specialist. [Pick a time](https://seedlegals.com/talk-to-an-expert/) ## Related posts [11 min read SEIS: Guide to the Seed Enterprise Investment Scheme Founders guide to SEIS. Find out how it helps startups and investors, eligibility criteria, how to get Advance Assurance... Suzanne Worthington](https://seedlegals.com/resources/seis/) [8 min read How to close your funding round before the end of the SEIS/EIS tax year With the end of the 2024-25 tax year fast approaching, you can make the most of investor momentum. Here’s how to close y... Suzanne Worthington](https://seedlegals.com/resources/how-to-close-funding-round-before-end-of-tax-year/) [5 min read Investor not sent their funds? No Pay, No Play lets you remove them from the round We’ve added No Pay, No Play to funding rounds to allow you to remove an investor who hasn't paid, so you can go ahead to... Anthony Rose](https://seedlegals.com/resources/no-pay-no-play/)