Instrument

Convertible Loans & SAFEs

Deal-specific economic and legal structuring for convertible loans and SAFEs, with clear conversion, valuation and investor-rights logic.

When it fits
  • Founders and shareholders want to raise early capital ahead of a priced round.
  • A financing needs a bridge with defined conversion economics.
  • Cross-border investors require documented, coordinated terms.
What we coordinate
  • Deal-specific economic and legal structuring.
  • Conversion mechanics, valuation cap, discount, maturity, interest and investor-rights logic.
  • Documentation coordination and cap-table impact considerations.
  • Cross-border coordination where relevant.
Key design decisions
  • Instrument choice: convertible loan versus SAFE.
  • Valuation cap, discount and conversion triggers.
  • Maturity, interest and repayment logic.
  • Investor rights and cap-table impact.
What we need to assess
  • Financing objective and round context.
  • Conversion mechanics and economic terms.
  • Investor group and jurisdictions.
  • Existing cap table and shareholder agreements.
  • Documentation and signing coordination.
Risks and constraints

Convertible and SAFE structuring is deal-specific and depends on qualified legal and tax review, the existing cap table and applicable law. Nothing here is investment, legal or tax advice or a guarantee of outcome.

A structure starts with a clear mandate.