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MENA Series A Term Sheet

This term sheet has been prepared and endorsed by various venture capital firms and law firms in the Middle East for use by startups, venture capital firms and investors in equity financing rounds, to provide a balanced and fair draft of the terms and conditions.

 

Latest update: January 2024

How to use the MENA Series A Term Sheet

Read the information below before using this document

Seek professional help with any transaction

Although this term sheet reflects typical and customary market positions in the Middle East for transactions of this nature, every financing should be considered on its own merits. This term sheet should therefore not be taken as definitive legal or financial advice. Certain provisions may or may not apply or be relevant for a particular financing and additional provisions may be appropriate in certain circumstances. It is strongly recommended that both startups and investors seek professional advice in connection with any transaction contemplated by this Term Sheet.

Governing law and jurisdiction

Please also note that this term sheet has been developed for use in common law jurisdictions, such as Abu Dhabi Global Market, Dubai International Financial Centre, the Cayman Islands, BVI and Singapore, among others. If the investee company is domiciled in Delaware, the parties may consider using the NVCA form of documents (tailored for the region).

Endorsing Partners

taylor wessing
MEVCA
MEVCA
taylor wessing
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Dubai

Gate District Building 04, Level 6

Dubai International Financial Centre
PO Box 506819
Dubai, UAE

Abu Dhabi

Level 15, WeWork Hub71

Al Khatem Tower

Abu Dhabi Global Market Square

Al Maryah Island, Abu Dhabi, UAE

London

LABS Camden – Atrium

The Stables Market, Chalk Farm Rd, London, NW1 8AH

England, United Kingdom

Abu Dhabi

Level 15, WeWork Hub71

Al Khatem Tower

Abu Dhabi Global Market Square

Al Maryah Island, Abu Dhabi, UAE

KSA

6443 Al Imam Saud Ibn Faysal Rd,

Al Malqa,

Riyadh 13522,

Saudi Arabia

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