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Anthony Rose

SeedLegals - A quick and simple way to close your first funding round

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Friends & Family Rounds by SeedLegals is a super quick and simple new way to close your first funding round. All the legals in one super easy-to-manage workflow: Investor Agreement, Articles, Board Minutes, SH01 ready to file at Company House, issue share certificates to your new investors.. and away you go!

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Anthony Rose
Maker
Hi Product Hunt 👋 I’m Anthony, co-founder of SeedLegals. Our team has been working hard and we’re super excited to share it with the Product Hunt community! The first injection of capital for any startup is vital, but there's often a huge % spent on legals. Without the proper documents showing who owns what, a founders’ friends, family and first investors can often get left with nothing later on when VC's or angels invest. So we’ve made it quick and simple to close your first round - without spending the huge % on the investment agreements. Add your investors and generate all the legals you need in one super easy-to-manage workflow: Investor Agreement, Articles, Board Minutes,, issue share certificates to your new investors.. and away you go! Try it out, it's free to create your CapTable, create team agreements and start your round. It would be great to hear your feedback. Thanks!
Jeremiah Smith
Potential game changer for UK startups. It costs at least 2x the amount when doing friends and family investment docs at the moment 💸
Alice
Thanks @_jeremiahs!
Rayhan Rafiq Omar
Can't believe modern VCs would subject entrepreneurs to lawyers when Seedlegals exists. Can get around a screen, tweak the terms and you're done. All the docs you possibly need.
Alex Templeton

They actually identified and corrected previous errors made by a legal firm

Pros:

Ease of use, accuracy, great support, cheaper than a lawyer!

Cons:

Will be amazing as they build out support beyond seed round

Anthony Rose
Maker
Thanks Alex! We're busy building those and will keep you posted :)
Pratik Shetty
Awesome product :) Liked the simplicity. All I have to do now is find relatives who are willing to invest. I hope someone makes an app for that too :P
Anthony Rose
Maker
@pratik_shetty It's already with us! We work with http://sparkup.co/ - that's what they do 😎
Nigel Copley
great, easy to use, great team, very helpful, highly recommended if you want the process to be simple and smooth
Lovely product but wrong pricing if you plan to use a solicitor
Anthony Rose
Maker
@manojranaweera Thanks for your feedback! SeedLegals also comes with a dedicated team of legal experts on instant chat so you get that one-on-one support too. Before this, the two options were 1) having zero documentation or 2) a full legal pack which would cost anywhere between £2k - £5k - which if you’re raising £20k from your Aunt is a huge chunk of the entire investment! We're trying to find that right balance of sensible costs vs. protecting investors vs. having something respectable to show the next round investors :)
Robin Allenson

A friend used this for their seed round, but I found that he still needed to understand some basics. Still: really useful.

Pros:

Simple and cheap

Cons:

Still requires understanding of the terms involved in the negotation and some accountancy basics.

Anthony Rose
Maker
Thanks Robin 😊 - have you tried our new Friends & Family Round? Just launched yesterday! We hope we've made it super simple with no background knowledge needed! Try it out free and would be great to hear what you think! https://seedlegals.com/friends-a...
Joshua Pinter
Is this just for the UK and, if so, when can us colonials use it in Canada?! :)
Alice
@joshuapinter It is for UK registered companies for now (the investors can be from anywhere) so we're deciding where to launch next! We'll put you down as a +1 for Canada!
Toby Robertson
Perfect timing! I have been looking at how to best manage start up legals, a few hours in and here you are :)
Simon Bocca
Highly recommended ⭐️⭐️⭐️⭐️⭐️
Fiona Bao

Wow, this is such a game-changer for early-stage startups! Legal fees can be a massive barrier when you're just getting started, and SeedLegals seems to simplify everything into one seamless workflow. Love the focus on making it accessible and affordable. Can't wait to try it out for our next round! 🚀

Oleksandr Mandryk

This looks like a game changer for early-stage founders. Love how simple and founder-friendly the process is. 👏

Ahad Ali

Congrats on launching SeedLegals. It sounds like a fantastic solution for startups to streamline their initial funding rounds without the hefty legal costs. As you help founders manage their investments, consider how Tabby, my AI-driven bookkeeping app, could simplify financial management for your users. Looking forward to seeing how SeedLegals supports the startup community!