Investment rounds for Startups: protect your equity from the first euro
Complete legal advisory for investment rounds: term sheet, convertible note, SAFE, due diligence and closing with funds.
Schedule your investment consultationWhy do you need legal advice in your funding round?
Raising investment is not just about getting money. It's opening the door for someone to enter your company, with rights, decision-making power and clear expectations. If you don't protect the terms well, you may end up losing more than you gain.
At Satya Legal we have seen all kinds of rounds: angels, VC funds, accelerators, family offices. And we have also seen founders losing control of their project by blindly signing a SAFE, a poorly drafted convertible note or a misunderstood drag-along clause.
Our job is to help you raise capital without losing the soul of your startup. With contracts that reflect what was agreed, without fine print or hidden surprises. And with criteria to negotiate safely even if it's your first time.
What does our legal service for investment rounds include?
A poorly structured round can mortgage your startup. We help you negotiate, review and close each step with legal guarantees and strategic vision.
This is what our service for startups raising investment includes:
Term Sheet review and negotiation
The summary where it all begins. We explain each clause and align it with your interests.
Drafting or analysis of convertible notes / SAFE
Conversion conditions, discounts, caps, protection clauses. No copy-pasting from the internet.
Shareholder agreement modification
Inclusion of new partners, preferential rights, anti-dilution clauses, tag-along, drag-along... We translate and defend it for you.
Legal Due Diligence
We prepare the documentation that investors will ask for, or analyze it if you are the one investing.
Assistance in signing and closing the round
We accompany you throughout the entire process until the money comes in. Online or in person, we close it with you.
Additionally, if you don't yet have the appropriate legal structure ready, we help you before launching the round: from reorganizing your cap table to updating bylaws or protecting your intellectual property.
Our goal is for you to come out strengthened from the round, not trapped by it.
Mistakes we avoid when accompanying you in a round
Raising investment is not like asking for a loan: it's opening your home long-term. And without good legal defense, you can end up giving away more than you receive. These are the mistakes we see (and correct) frequently:
Signing a SAFE without understanding it: Many founders accept abusive discounts, confusing clauses or conversions that leave them without control in Series A.
Not reviewing the shareholder agreement before signing: Sometimes it's designed to protect the investor, not the founding team. And that's only seen when it's too late.
Presenting incomplete documentation in due diligence: Missing contracts, inconsistencies in the cap table or trademark problems can slow down or kill an investment.
Accepting conditions without clear tax or corporate framework: Some investors ask for structures that, if not well understood, can generate conflicts with tax authorities or block future rounds.
Trusting generic templates: Each round has nuances. A contract copied from another country or phase can cost you equity, control or reputation.
Our job is to detect these risks before anyone else. And help you negotiate from a position of knowledge, not urgency.
Frequently asked questions about investment rounds
What is a term sheet and why is it so important?
It's the document where the key investment conditions are summarized. It's not legally binding, but it sets the tone for negotiation. If you don't understand it well, you can enter a poorly planned round from the start.
What's the difference between a SAFE and a convertible note?
Both allow an investor to enter without valuing your startup yet, but they have different conditions. SAFE is more direct, but less flexible in certain scenarios. The convertible note adapts better if there are interests, terms or personalized conditions.
How much does it cost to legally prepare an investment round?
It depends on volume, number of investors and structure. At Satya we work with clear packages from €1,200, including term sheet, shareholder agreement review and closing support.
What documentation will investors ask for?
Updated cap table, bylaws, shareholder agreement, key contracts, registered intellectual property and GDPR compliance. If something fails, they can back out or renegotiate downward.
Can I raise investment as a freelancer or without having a company?
Not recommended. Most investors (including business angels) only enter companies, and require certain clauses in the bylaws. We help you set up the appropriate legal structure before seeking capital.
Ready to raise capital without losing control?
A well-planned round can change your company. But a poorly closed one can leave you without voice or vote. We help you protect your project, your equity and your vision.
Schedule a consultation with us and we'll explain how to structure your round with legal, strategic sense adapted to your stage.
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