Convertible Loan Setup

Convertible Loan - fast & legally secure financing at a flat-fee

Convertible loans (also known as CLA or SAFE) are a fast and relatively uncomplicated form of financing for startups. This is because the valuation of the company, which is often difficult to determine, is deferred to a later date. Accordingly, a convertible loan is particularly suitable for startups that are still in the early stage or that urgently need money (so-called bridge financing). 

Our team of legal experts will guide you through the convertible loan financing process from the very beginning. We will work with you to determine the right cornerstones for implementing your growth strategy and show you how the structure of a convertible loan will impact the future of your company. We will discuss with you which contract parameters are the current market standard and provide you with arguments for the contract negotiations with the investor. 

Convertible Loan Flat Fee Package

The value
  • We work with best-in-class convertible loan templates created by our legal experts, which are continuously reviewed and updated with numerous data sets from our startup consultations. 
  • Including a kick-off session where our legal experts ask you the right questions, detail the key terms and implications of the convertible loan on your growth strategy, and provide data-driven recommendations based on our years of practical experience in the market. 
  • Setting up of a digital signing process that collects signatures from all parties for a quick close. 
The timing

If needed, we can deliver your customized convertible loan agreement within a few business days. 

The price

Flat fee EUR 950 (excl. VAT)

In scope

Kick-off meeting to define key parameters in line with your company’s strategic direction

Preparation of your customized convertible loan agreement and cap table for scenario analysis

Legal expert session where we explain the contract in detail and answer any questions you may have

Delivery of the final contract with the adjustments discussed in the expert meeting

Setting-up of e-signature and collection of signatures

Additional services (may be booked separately)

Negotiations with investors

Binding information from the tax office

Additional changes after contract finalization  
(In the initial meeting and in the session with our experts we will answer all your questions and customize the contract according to your needs. For additional changes after the final contract is sent to you, you can book additional hours)

Convertible loan process

Five comprehensive steps to complete your convertible loan funding

  1. 1
    Kick-off call

    In an initial kick-off session (digital), we explain the structure of the convertible loan agreement and the general key variables before taking a closer look at your business model, your strategic direction and your company’s future ambitions to determine the right contractual parameters for your convertible loan agreement. 

  2. 2
    Contract drafting

    Taking into account the key variables from our initial discussion, we will draft your customized convertible loan agreement. This draft, together with the open questions that you and your team have collected in the meantime, will form the basis of the discussion in the expert session. 

  3. 3
    Legal expert session

    In an expert session with all stakeholders and our legal experts, we go through the draft contract, answer open questions, discuss changes, and add open items to our to-do list for finalization. We also run various scenarios through our loan calculator, which you will receive from us. 

  4. 4
    Final document

    We implement the changes agreed upon in our expert session in your convertible loan agreement and resolve any outstanding issues from the session before sending you the finalized agreement. 

  5. 5
    Digital collection

    In the final step, we set up the digital signing process. This allows us to collect the required signatures in a legally compliant, fast and efficient manner so that you can close your convertible loan in the shortest possible time. 

Convertible Loan FAQ

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

 

Customer story

 

 

Other startup financing services

About us

We’re a growing team of 30+ legal professionals. Some of our experts include:

  • 1

    Nadine advises founders and startups in all stages of a company’s development, focusing on corporate law issues. Nadine has extensive experience in advising on VC transactions, shareholder agreements and employee stock option plans (VSOP/ESOP) as well as corporate governance issues.  

    Nadine Saalbach, Head of Startup Financing & Venture Capital 

  • 2

    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 

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