Running a Fundraising Round: Pre-Money and Post-Money Valuation

Fundraising starts from the premise that the startup has a value that can rise sharply when an investment is made.
Series A, B and C Funding Rounds: How to Support Your Start-up’s Fundraising

Funding rounds (A, B, C) shape how a start-up evolves and allow it to develop products and markets.
Protect Your IP Before Raising Funds

Protecting your intellectual assets before a funding round reassures investors about the long-term future of the company and can support its valuation.
What Is Startup Fundraising? Definition and Key Steps

Fundraising means obtaining financing in exchange for a share of the company’s share capital, favoured when equity and revenue are no longer enough.
How BSA-AIR Start-up Funding Works: A Suitable Tool for Growing Start-ups

The BSA-AIR combines a share subscription warrant and a rapid investment agreement, useful to start-up founders and investors alike.
Investor Clauses in the Shareholders’ Agreement When Raising Funds

In a fundraising round, the content of the shareholders’ agreement clauses matters as much as the split of the share capital.
Which Company Structure Is Best for a French Start-up Raising Funds?

Raising funds is a crucial goal for any company that wants to accelerate its growth and achieve its ambitions.
10 Startup Fundraising Tips from a Lawyer: How to Prepare Your Round

Structuring the company before approaching investors requires clear articles of association, a detailed shareholders’ agreement and sound governance.
Shareholders’ Agreement for a Startup in France: Fundraising Guide

A shareholders’ agreement is a contract governing relations between the shareholders and the company, supplementing the articles of association.
French Startup Term Sheet: What You Need to Know

The term sheet, a key document in the fundraising process, serves as the basis for discussions between investors and companies to set out the…
Startup Fundraising in France: Legal Structuring Before You Raise

Careful legal preparation is essential before launching a fundraising round, to maximise the chances of success.
What Is a BSA-AIR? Definition, How It Works and Legal Framework

The BSA-AIR funds a start-up’s seed stage without setting the valuation straight away. Definition, discount, cap and legal basis in Articles L228-91 of the French Commercial Code.
Who Is Involved in a Fundraising Round: Venture Capital, Business Angels and Other Players

In the dynamic and often complex process of a fundraising round, several players play a key role.
Equity Financing in France: A Strategic Solution for Start-ups and Companies

Equity financing means raising funds by issuing new shares subscribed by investors, without the company taking on debt.
Issuing Shares in France: Securities for Companies and Startups

Issuing securities is a vital step to finance new projects or increase the share capital of companies and startups.
Full Ratchet Anti-Dilution: How a Ratchet Clause Works in France

A ratchet clause adjusts an investor’s shareholding if a later round is completed at a lower price per share (down round).