With dedicated legal expert advice from start to finish, you will get your strategic direction for funding right, determine the right key variables to implement your strategy, and exactly know what the impact of your convertible loan structure is on the company’s future.
Best-in-class convertible loan base template, established and continuously reviewed by multiple legal experts, improved with every dataset we get from numerous startup cases.
Kick-off and legal expert session where our legal experts will ask you the right strategic questions, explain the key terms and impacts on your strategy in detail and make data-backed recommendations from their experience in the market.
Digital signature set-up and signature collection for fast closure.
We can deliver your dedicated Convertible Loan Agreement within 48 hours if needed.
Flat fee CHF 2’000 (excl. VAT)
Initial kick-off call to define key parameters aligned to your company’s strategic direction
Drafting of your personalized convertible loan agreement
Legal expert session in which we explain the agreement in detail and answer all your open questions
Delivery of the final agreement with adjustments discussed in the expert session
E-signature set-up and collection of signatures
Negotiation with investors (can be quoted separately)
Tax ruling (can be quoted separately)
Additional feedback rounds (in the first call and the legal expert session, we clarify all your questions consolidated and explain the contract in detail. For further changes after we’ve sent over the final agreement, you can book additional hours)
A convertible loan (debt financing) will convert into equity in the future in case of certain trigger events. With a convertible loan, an investor lends a certain amount of money to your startup with the right to convert the loan into shares, usually for a discount at the next financing round.
The top reasons to opt for a convertible loan are:
The main advantage is that there are typically no extensive negotiations, and the question about the company’s valuation (which can be difficult) is deferred to the future.
With a convertible loan, the money can be on the startup’s bank account within a couple of days (from sending out the agreement), compared to a couple of weeks with a financing round. Furthermore, due to the conversion element, the loan is typically not due for repayment but converts into equity at a later stage. For investors, it is a great opportunity to participate in the company’s growth as they get their loan paid back in shares of the company, which may be worth much more than the initial loan amount.
Under Swiss law, a SAFE is the same as a mandatory convertible loan. Our convertible loan agreements are typically a lot easier to understand and shorter than the y-combinator SAFE.
Like the convertible loan itself, the cooperation with LEXR was very straightforward. Above all, the digital mindset during our time working together which ensured that we could quickly and easily get in touch with the LEXR team, suits us. In addition, you can sense that LEXR has a huge amount of know-how regarding start-ups.
Patrik Elsa, Founder & CEO of beUnity
We’re a growing team of 30+ legal professionals. Some of our experts include:
Michele is focused on corporate and commercial law and has a strong background in M&A transactions. At LEXR he advises Swiss and international founders, start-ups, and investors – from incorporation to the first investment rounds, risk financing, complex business transactions, and exits.
Michele Vitali, Head of Startup Financing &Venture Capital, Legal Expert
Marius’ specialty is corporate and commercial law. He works with a variety of VC transactions (particularly convertible loans and equity financing), secondaries, corporate law, employee participation, and corporate governance.
Marius Bättig, Senior Legal Counsel
Klara is part of our corporate team and supports our customers with transactions throughout their company lifecycle – from incorporations to employee stock options plans and the legal aspects for different means of raising funds.
Klara Weismann, Junior Legal Counsel
Elie is the Head of Mergers and Acquisitions at LEXR. He is focused on advising Swiss and international founders, start-ups, companies of diverse sizes, and investors in all types of M&A transactions, including namely sales, purchases, mergers, demergers, carve-outs, management buy-outs, joint ventures, and many others.
Elie Bourdilloud, Head of M&A and Legal Expert
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