Can Quillio support seed financing rounds?
Yes. I support seed financing rounds end-to-end for Australian startups. From the term sheet to the subscription agreement, shareholders agreement, amended constitution, ASIC filings and cap table update, I produce each document aligned with the others. Most rounds follow a predictable pattern and I am specifically tuned to that pattern.
Documents at seed
A standard seed round uses a subscription agreement, a shareholders agreement, an amended constitution, board and shareholder resolutions, and the updated cap table. I draft from templates that align with current Australian market terms (valuation caps, anti-dilution, board rights, information rights).
ASIC and regulatory
After the round, I prepare the ASIC Form 484 for share issues, the updated member register, and the share certificates. For offers to sophisticated investors, I confirm the section 708(8) Corporations Act exemption applies and that certificates are on file.
Investor-side vs company-side
I work both sides of seed deals. On the company side, the aim is to preserve founder flexibility for future rounds. On the investor side, the aim is protection without over-reaching. I flag where draft positions are market-unusual.
Common issues
- Sophisticated investor certificates must be obtained before the offer is made — not after
- Shareholders agreement and constitution must be consistent — conflicts create problems
- Drag-along thresholds are often overlooked but matter enormously at exit
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