Bring the key funding round documents and approvals into line before completion

Problems at closing often come from mismatch rather than missing ambition. A subscription agreement may say one thing while the shareholder agreement assumes another. Board approvals may not reflect the actual allotment, or the cap table may not match the proposed issue. Existing articles, investor rights or consent thresholds can also affect what has to happen before completion. This service is designed for that stage, where the legal task is to get the closing set working together and to identify the gaps that could otherwise slow signing or create confusion afterwards.

It is usually best for startups and growth companies that have already moved past early fundraising discussions and now need the closing documents coordinated. That often means the commercial deal is broadly settled, but the legal paperwork, approvals and completion sequence still need attention. It can also suit companies dealing with multiple investors, updated shareholder rights, side letters or a more involved cap table. If you are still deciding how to structure the round, a broader fundraising advice service may be a better first step than a closing-focused engagement.

The service usually covers the main documents and approvals needed to bring the round to completion. That can include drafting and review of subscription and shareholder agreements, board and member resolutions, a closing checklist, and practical comments on the cap table and signing sequence. We also answer questions on how the documents fit together and what still needs to happen before completion. It is not limited to one approval document, which is why it differs from a narrower board consents service aimed only at the internal authorisation side of the raise.

The board consents service is centred on the internal approval documents for the raise, such as board minutes or written resolutions. This closing pack goes further by looking across the wider closing set, including the main investment agreements, member approvals where needed, the cap table position and the practical completion checklist. In short, one service is about the approval layer, while this one is about the closing stage as a whole. That makes it a better fit where the round is near signing and several documents need to align at once.

It helps to have the current draft investment documents, any term sheet or agreed commercial summary, your articles, details of the proposed share issue, and the latest cap table or ownership records. Existing shareholder arrangements can be especially important because completion steps can depend on the company records and any existing shareholder arrangements. If some of that material is incomplete, we can still advise on the likely closing issues, but the more settled the transaction documents are, the easier it is to map the checklist and identify what remains outstanding.

Working with us is simple. Start by submitting an enquiry through our website using the form at the top of this page or on our Get Started page. A legal project manager will review your enquiry within 1 business day and reach out to understand your needs.

They'll send you a fixed fee quote outlining costs, scope, and timing. If you're happy, you can accept and sign our engagement letter online. Once that's done, we'll connect you with an expert lawyer who will complete your project via email, phone, or video chat, with the timing confirmed in your quote.

If you're not looking for help with a specific matter, explore our platform, which offers free templates, tools to get your business set up, and even a free tier to get started. Whether you need legal support or just want to browse resources, we've got you covered.

At Sprintlaw, our pricing is transparent and designed for startups and small businesses. Many one-off legal services, including document drafting and reviews, are provided for a fixed fee with an upfront quote before you proceed.

Prices typically range from £100 to £1,500 depending on the complexity and scope of the work. For ongoing support, Sprintlaw Memberships include options such as legal templates, consultations, a legal helpline and credits for services.

If your project is larger or more complex, we will provide a tailored quote after understanding what you need.

Sprintlaw UK operates fully virtually, with the team working online across the UK to provide support to startups and small businesses nationwide. Many of our team are based in London and often meet at co-working offices, but our operations remain fully digital, ensuring flexibility and efficiency for both our clients and team.