Series Seed Preferred

Overview

Series Seed round lawyers are familiar with the core issues to be negotiated in a Series Seed round. For example, if an early stage startup is able to reach agreement with investors on the current valuation of the company, they will often then move forward with Series Seed Preferred Stock (sometimes called "Series AA") round rather than a SAFE or Convertible Note.

Elements of a Series Seed Preferred Round

This type of round, if there are outstanding SAFES or Convertible Notes, enable the founders to convert those instruments into equity, simplifying the Company’s Cap Table. Our seed round lawyers will guide you in negotiating the valuation and the level of investor rights and preferences and protective provisions that are reasonable, usual and customary for a Series Seed round rather than a Series a round.

Fixed Fee Series Seed Preferred Round Package

NEXT seed round lawyers understand the complexities that may come with a Series Seed round and have thoughtfully developed our fixed fee Series Seed Preferred package, which includes:

  • Strategic guidance on the financing process
  • A review of prior corporate documents for existing investor rights
  • Preparation and negotiation of the Term Sheet
  • Preparation and negotiation of the Amended and Restated Certificate of Incorporation and Stock Investment Agreement
  • Preparation of Corporate Resolutions, Officer’s Certificates and Secretary’s Certificate
  • Guidance and preparation in conjunction with client of the Disclosure Schedules
  • Preparation of Accredited Investor Questionnaire
  • Management of the Closing
  • Federal Level – SEC – Securities Filings
  • State Level Securities Filings

What our Clients Say

"NEXT has been there every step of the way to help guide us through our seed round. The team has been fantastic!"

Julie MelnickFounder/CEO of Sky Squad

"NEXT has made raising outside capital affordable and eliminated the unpredictable costs of the fundraising process. I found the Legal Fundraising Package included strategic guidance on managing the fundraising process and contained all the documents I needed to handle my equity round at a fraction of the cost of traditional law firm hourly rate pricing."

Andrew Hoppin,Co-Founder and CEO of CoverUs

"As a first-time entrepreneur, I found NEXT to be a great value not only for the startup legal services I needed but for the connections to the business service providers and other ecosystem partners, too."

Dale Nirvani Pfeifer,CEO, Goodworld

"Since our earliest days, Shulman Rogers has been a trusted and capable partner for Doctor.com. Their NEXT platform afforded us access to a full range of legal talent and services for significantly less than the cost of hiring an in-house general counsel. This was particularly valuable in the early years when budgets were tight and our legal needs were diverse. Since then, NEXT has been able to scale with us as we’ve grown, supporting the business through multiple financings and ultimately a successful exit."

Andrei ZimilesCo-Founder and CEO of Doctor.com