NEW in SeedLegals for Investors: more functionality, visibility and efficiency

Good news for investors – you now have more control to lead your deals and see what’s happening at each stage.

We’ve made improvements to the Investor app that’ll help you move through your rounds more efficiently and close them faster. Check out the latest updates 👇

Add a nominee to a round investment

You asked and we built. Our top request from VC’s was to enable you to add a nominee to a round. And now you can.

Many VC funds do their transactions using a nominated custodian (“nominee”) or SPV, for a variety of reasons including SEIS / EIS eligibility, ease of fund management and more.With the update, investors can now add nominee entities to their deals through Deal Manager, also known as the ‘Invest’ tab in the Investor App.

This allows nominees to sign round documents while the VC retains visibility of the round and its documentation. Both the nominee and VC have access to the necessary documents post-signing.

Here’s how it works:

• VC signs the Term Sheet
• Shareholders Agreement shared with the VC
• Nominee signs the Shareholders Agreement on behalf of the VC, with visibility throughout
• Share Certificates are shared with the nominee
• When the deal is closed, the investment appears in both the VC and nominee portfolios

Send a SeedFAST Proposal

Want to be the one to lead a SeedFAST proposal? Great news – Investors can now send SeedFAST terms directly to founders from the Investor App. If the founder accepts, these terms will automatically populate the SeedFAST (unless later adjusted by the founder).

See exactly what’s happening with your deal at each stage

We’ve enhanced Deal Manager to show the next required action for a deal to progress. This helps you know what or who might be delaying the process, which is especially valuable for time-sensitive investments, like those near tax deadlines.

Have your say

Got an idea for us? Is there something we can do better? We love to hear your feedback – good, bad and ugly. Let us know by email: [email protected].

If you aren’t already a SeedLegals subscriber, book a free call and one of our experts will chat with you about how we can help.