SeedLegals

“We’ve grown massively since taking our seed funding round,” says Neil. “Our revenue has increased over 5x since we closed, we’re serving thousands of clients across more than 100 countries, and the team has grown from 8 to 34.”

“Closing out the fundraising process could only be done so quickly due to the ease of using SeedLegals. It’s just so simple. Without the extra complexity, it freed up our team to focus on what we wanted to be doing – growing our business.”

“We were initially cautious about not handing the job over to a lawyer,” says Neil. “But it turned out to be so easy to create the required documents, things like creating a term sheet literally take a few minutes. Plus you’re always just a chat away from their helpful support team.”

“Going from term sheet to close took us just a few days, with virtually no stress attached! If we’d used a traditional law firm we’d no doubt have waited much longer.”

“Fundraising is a big distraction when you want to be focusing on the business,” says Neil. “So one of the most important things for us was speed.”

“SeedLegals have worked with so many startups like ours, that they have an incredible amount of knowledge,” says Neil. “And the price is significantly lower than using a traditional law firm. So we were confident to go ahead and use the service.”

“We were looking for a solution that would make things both easier and cheaper than hiring a traditional law firm. Our investors immediately recommended SeedLegals due to having a good experience with them in the past.”

“We were about to raise our seed round and had absolutely no idea how the legals would work,” says Neil Andrew, CEO and co-founder of Lunio. “As a very small business at the time, keeping costs down was vital. And paying for a lawyer to review everything was just far too expensive.”

“Use SeedLegals. You’ve got more important things to do than worry about the fine print of employment agreements or how to file your EMI valuation. Just hand it over and get back to building your business.”

“Everyone we’ve dealt with (Liliana, Justin, even former team members like Michael) has been incredible. It’s the people that make it work.”

“When we needed custom terms, we just passed a SeedLegals draft to our lawyer and asked them to make edits. That’s way faster and cheaper than starting from scratch.”

“Resources are limited. Time is limited. So if there’s a default template that’s fit for purpose and you can tweak it, that’s exactly what a startup needs. SeedLegals is plug and play.”

“Because we’re going to continually be granting share options as our team grows, the subscription has honestly been a no-brainer.”

“Without SeedLegals, it would have been way more expensive and way more time-consuming. There’s so much more to option schemes than you’d expect and as a founder you really don’t need anything more on your plate. There’s never enough time in the day so anything that saves time and frees up headspace is a game changer.”

“We knew we’d be granting options regularly as we grew, so having the flexibility to do that without additional fees just made sense.”

“Before, we were worried we’d forget a step or do it wrong. But once Justin was on it, we didn’t have to think about it. So much mental space was freed up between that and automating documents on the platform.”

“Justin was incredibly reassuring. He explained everything clearly, helped with the valuation, and was genuinely proactive. He’d check in, remind us of steps we’d missed, even flag things in our account we didn’t realise we needed to do. We could completely hand the process over and trust that an expert was handling it.”

“I cannot imagine starting a business without SeedLegals. That’s what my co-founder and I always say. When you have so much to concentrate on as a founder, having the legals so quick, straightforward, reliable and easy to manage is great.”

“We’re running two option schemes at the moment, the EMI and the unapproved scheme. What was incredible about setting up an option scheme with SeedLegals was all the help we got with all the pre-checks and applications. We had EMI Valuation approval from HMRC very quickly because the team at SeedLegals did two or three rounds of checking.”

“It seemed fairly natural to continue using SeedLegals for our seed round. We can’t say enough good things about how much easier it made the whole process of setting up the company, not even just our raises. We’ve had nothing but positive experiences with the platform so it was an easy decision to use it for the raise too.”

“The money and the time we saved on the legal side really makes a big difference.”

“SeedLegals were great at following up and even pushing the deal along, giving the investors a nudge, it was very helpful.”

“It made all the difference to have someone go through and check everything, then help with negotiations and explain points which didn’t make sense the first time round. We felt much more relaxed during the round when we understood exactly what was being asked and what was being negotiated.”

“SeedLegals were great – our lawyer was brilliant at getting through things as quickly as possible. The advice was invaluable, and they also handled the negotiations with our investors directly for us.”

“We used SeedFASTs to bring cash into the business as and when we needed it. If we stuck to a seed round, we’d have been bound by strict timelines and completion dates. We’ve raised over £7 million from individual investors as-and-when the opportunities came up. And while they’re completely supportive of the business, I’m not sure all of them would have been able to invest if we pinned them down to a specific deadline. So taking this agile approach to fundraising has proven really valuable.”