SeedLegals, a London, UK-based legal platform for startups to streamline fundraising, closed a $4m Series A funding.
The round was led by Index Ventures with participation from Kima Ventures, The Family and existing investor Seedcamp. In conjunction with the funding, Hannah Seal from Index Ventures joined SeedLegals’ board.
The company intends to use the funds to accelerate international expansion.
The platform allows companies to build and negotiate terms sheets, shareholder agreements, cap tables, stock option allocations, EIS approvals, hiring agreements, NDAs and more. The company has also introduced two new ways for companies to raise funding: SeedFAST and Instant Investment enable startups to top up investment between funding rounds.
Launched in March 2017 by by serial entrepreneur Anthony Rose, known in the tech industry for his work launching BBC iPlayer, and VC and angel investor Laurent Laffy, whose own portfolio includes consumer brands such as Graze and Secret Escapes, SeedLegals enables UK startups to do all their funding round paperwork online, and have it checked by experts within 5 days, for a transparent fee, including unlimited access to live phone and chat support.
Over 7000 UK companies now use SeedLegals to do everything from creating hiring agreements, fundraising to managing company equity.
The team (of 25) is based in Holborn, London.