Sort your funding quickly and focus on growth, with a well-established and standardised method of funding, that delays the need to decide a fixed valuation until a later date.
A Convertible Loan Note is a convertible instrument that may convert to shares at your startup’s next equity funding round. When the loan amount converts into shares, the convertible loan note holder will become a shareholder in your startup, taking the same class of shares issued in that equity funding round.
Like a SAFE, a Convertible Loan Note is shorter and simpler than the types of documentation used in later, larger investment rounds. The key terms of a convertible loan note are well understood in the market, so there should be minimal negotiation from investors, saving both time and money.
Login into your account (or sign-up, if you don't have one).
Go to the Generate Documents tab and select Convertible Loan Note.
Complete each field in the form and select your various options.
Once you generate the document, you can save it in draft, edit it, and when final, send it for signature through our built-in DocuSign integration.
