SeedLegals for Investors, where deals get done faster
Investors, do you want to spend more time investing, and less time worrying about the admin? Great news: we've just laun...
For investors, SeedLegals Deals gives you access to vetted startups raising investment now. For founders, SeedLegals Deals brings investors to you. And everything completed seamlessly and efficiently on SeedLegals.
With around one in three of all early-stage investments now done on SeedLegals, it’s the UK’s favourite way for founders to complete all the legals for raising investment.
Over 22,000 active UK angel investors have completed investments in companies on SeedLegals, have their shares and SEIS/EIS certificates on SeedLegals, and are familiar with our deal documents.
So, after years of founders asking if we could find investors for them, and investors looking for a single place to find great investment-ready startups with all their documentation in place, we’re taking UK fundraising to the next level with SeedLegals Deals.
SeedLegals Deals soft-launches in late April – hit the chat bubble to contact us for early access
As an investor, you’ll have access to a carefully vetted set of angel- and seed- stage UK startups, with pitch page, pitch video and deal summary, ready to proceed.
For founders, when you do your round on SeedLegals you’ll now be able to click to list your fundraise in Deals, and have SeedLegals find investors for you.
For investors, SeedLegals Deals is included in your SeedLegals for Investors membership.
At just £499/year + VAT, SeedLegals for Investors…
When we introduce investors to companies we charge a 2% fee, payable by the startup on all investments introduced by SeedLegals. That’s dramatically less than the 6% to 10% fees you’d typically pay when using an advisor to find investors. We only charge on investments that we find for you, if you want us to find investors for you (there’s no charge for investments you find yourself, of course).
Note that investing in new and early-stage businesses entails risks, including the risk that an investor may lose their investment. An investor should only invest if they believe they have the knowledge and experience to understand and manage the risks associated with such investments, and to make their own decisions. It is open to investors to seek independent financial advice before making an investment.
When we launch Deals we’ll be starting out with a small number of companies that have products already launched and/or who are already at revenue-making stage… so if you’re pre-launch please hold fire, it’s nothing personal, we need to balance supply and demand by starting out with a smaller number of later-stage companies before we widen the criteria.
Q: Can I still find investors myself?
A: Yes, you can of course still find investors yourself. In fact we really encourage you to find investors directly because your lowest ‘cost of capital’ will always be angel investors (no legal fees, no preference shares, generally no board rights or management fees) that you find yourself. But we know that finding investors is hard, so if you need some help, that’s where SeedLegals Deals comes in, and for a 2% fee on investors who we introduce, we’ll list your company in Deals and help find investors for you.
Q: If I use SeedLegals to find investors, does my funding round have to be on SeedLegals?
A: We went to a lot of effort to create a streamlined end-to-end workflow that allows investors to express interest in investing in your company, lets you track and manage investor interest, then negotiate and complete all the funding round deal terms and legals in one elegant process. So, yes, our intention is that the funding round is done on SeedLegals. It’s simply the best and fastest way to do a funding round.
But we know that just sometimes a VC will insist on using their own legals or their law firm to handle everything. Our priority is to help you raise investment, not get in the way, so if that happens, sure, there’s no need to do your round on SeedLegals, you can just use us for the investor intros, cap table, SEIS/EIS, share certificates, option scheme, R&D tax back, employment agreements…
Q: Who keeps track of which investors SeedLegals introduced vs. I found myself?
A: When investors click through to view your Pitch page, you’ll find a new Referrer tab which shows which came through Deals vs. which came directly from you sharing your pitch page on social media, etc. We’ll only charge a fee on investors introduced by us, any that you bring to your pitch page yourself are yours, no charge. For investors you find yourself you don’t have to bring them through your Pitch page, you can pitch them by email, WhatsApp, whatever.
Q: What if I’ve already been talking to an investor and they’re then introduced by SeedLegals?
A: This is a common problem when using someone to find investors for you, you don’t want to pay them for introduce people you already know. The solution is known as a whitelist, where you list the names of investors you’re already talking to, or plan to talk to, and then the advisor knows they won’t be paid for those introductions. On SeedLegals, you can create your own whitelist easily – just go to the Investor Interest tab on your Pitch page, and add in the name and email of any investors that you’d like to whitelist. You’ll then be shown as the Referrer for those, even if they click through to your pitch from Deals later.
Q: What if you find me lots of small-ticket investors?
A: Our goal isn’t to compete with crowdfunding platforms. Deals is designed to bring you a dozen investors looking to invest £10,000+ each rather than hundreds of investors looking to invest £100 each. If it turns out you end up with a lot of small-ticket investors that’s no problem – in a few clicks you can create a Rollup as part of your funding round on SeedLegals and put smaller (say, under £5000) investors in a rollup, so you have a clean cap table even with lots of investors.
Q: Can I use Deals and still raise with SeedFASTs?
A: Yes you can. We know that SeedFASTs are hugely popular for fundraising – in fact more than 70% of investment on SeedLegals is now raised before a round with SeedFASTs or topping up after a round with Instant Investment rather than in a round. So when you set up your Pitch page, you can indicate whether you’re raising with SeedFASTs, doing a funding round, or topping up an existing round.
Q: Is there a Data Room for sharing due diligence documents?
A: Sure, the Pitch page and funding round features on SeedLegals both include a Data Room, so in addition to the pitch deck and video that you’ll be sharing publicly in your Deals listing, you can securely share additional information with selected investors, via your SeedLegals Data Room.
Q: Do I need to have a UK company to use Deals?
A: Yes, for now we can only find investments for UK companies. The investors can be anywhere in the world, but the company raising investment has to be UK registered.
Got questions? We’ll get them answered – book a free call with our team. Want to try SeedLegals for free first? Start your 7-day free trial here.
All references to SeedLegals Deals refer to the Deals product provided by SeedLegals MPL Limited, company number 14319103. SeedLegals MPL is an appointed representative of Kroll Securities Limited, which is authorised and regulated by the Financial Conduct Authority FRN: 466588