What is Seriesseed.fi?
Seriesseed.fi is a set of standardized legal documents for startups
Templates include Shareholders’ Agreements for three different cases: between founders, for an angel investment, and for a vc lead investment. Also there are Termsheet and Investment Agreement documents. People from both sides of the table have taken part in crafting these documents. The documents are licensed under Creative Commons: Attribution 3.0.
Short, simple and standardized
Inspired by Seriesseed.com by Fenwick & West, we aim to make legal paperwork more standardized. This makes it easier to incorporate and raise funding, without favoring neither the investors nor the entrepreneurs. An update (release 3.0) on the documents was prepared to link the Finnish documents to the pan-Nordic site & conventions https://startuptools.org/.
Anyone can use the documents for free
Documents are intended to be used as-is, so further term negotiations aren’t always necessary. Original version 1.0 documents were created by KallioLaw. A new version 2.0 of the SeriesSeed.fi documentation was prepared by Dottir and released in 2016. A new version 3.0 of the SeriesSeed.fi documentation was prepared by Kimmo Reina at Bir&Bird and released in 2020. The material changes to the 2.0 version are described in the documentation package.
However, forms provided are only for your guidance and for discussion purposes. Seek independent legal advice before executing.
An update (release 3.0) on the documents is being prepared with the supporting community. The new release 3.0 will be available by the end of 2020.
The aim of the update has been to 1) have a status check since the last update on how the documents have worked and what needs to change if any, 2) if possible move the documents little closer to seriesseed.com conventions to make it easier for international investors to invest in Finnish startups and 3) to build a bridge with other Nordic startup investors, namely to link the Finnish documents to the pan-Nordic site https://startuptools.org/.
The maintenance of the SeriesSeed.fi website has been transferred to the Startup Foundation. The Startup Foundation and the Aalto Entrepreneurship Society have agreed to transfer the responsibility for maintaining the SeriesSeed.fi website to the Startup Foundation.
New version 2.0 of the SeriesSeed.fi documentation is released. The new documents were created by Dottir and they are still licensed under Creative Commons: Attribution 3.0. However, forms provided are only for your guidance and for discussion purposes. Seek independent legal advice before executing.
Seriesseed.fi first to bring standardized legal documents for startups
Initial version of the documents published!
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