SeedLegals
Our goal is to be the operating system of your company. Our platform automates tasks to transform the way businesses raise investment, hire and retain talent, and grow faster. We guide, educate and empower startups and small businesses to automate the legals they need, dramatically cutting down the time and expense companies used to spend with traditional lawyers and accountants. Our innovative agile funding services help founders raise money, from one-off investments to a full funding round and top-ups in between. We also work with investors to accelerate the fundraising process. 🚀
-
🖐️ 50,000+ startups, SMEs and investors use SeedLegals
-
💷 £1.5 billion+ raised with SeedLegals
-
🥇 UK’s #1 for funding rounds
-
🥇 UK’s #1 for cap table management
-
🥇 UK’s #1 for EMI Option Schemes
-
👥 150+ employees
-
🏢 Offices in Holborn, London and Station F, Paris
- 🌍 We operate in the UK, Ireland, France, Singapore and Hong Kong
🏆 We’ve been named Industry Game Changer (Growth Investor, 2019), Rising Star (Tech Nation, 2019), listed in the Top 100 Disruptive Brands (Marketing Week, 2017) and awarded Best Legal Team for Early Stage Deals (UKBAA, 2019).
Hire your team and get investment ready.
Essential Startup Contracts
Create legal contracts in minutes
✔ Create customised legal documents in less than 5 minutes
✔ Save thousands on legal fees
✔ Try us for free for 7 days
Here are some of the most popular documents we offer. Pick a document to get started:
Any many more …
Create your Founder Agreements
Use SeedLegals to create agreements that protect you and your co founders and distribute equity from the start.
Create a Founders Pledge
Our Founders Pledge is designed to protect the founders and the company if things go wrong between the founders, which happens more often than you think.
Create a Founders Service Agreement
Investors are going to be looking for this as part of their due diligence, so if you and your co-founders don’t have a signed Founders Service Agreement in place, now’s the time to do it.
Protect your idea from the start
Avoid disputes over IP ownership down the line. Make sure you have a signed IP Assignment with everyone who’s contributed to your product or idea.
Register a limited company
Start your business with SeedLegals and Tide, the finance platform for small businesses. Register officially with Companies House and get a business bank account with £50 credit and a year of free transfers. T&Cs apply.
Register your company with SeedLegals and Tide
Register free – Tide pay the £12 fee to Companies House for you
Fast online service – Register entirely online – no paperwork to post
Confirmation in 1 to 2 days – Your company is usually registered the same day
Make it official
You might have already signed a founder agreement but until you register your business with Companies House, it doesn’t officially exist. When you register (‘incorporate’), you’ll become a director and shareholder of your company. Congratulations!
Build your team
SeedLegals makes hiring your team a breeze. Easily onboard advisors and employees. Create vesting schedules and protect your startup’s secret sauce with IP assignments and NDAs.
Create employment agreements in no time
Create the documents you need to bring on new team members with just a few clicks.
Bring on experts with director and advisor agreements
Our customisable agreements makes that super-easy, and the other party can e-sign it right here.
Protect your company’s secret sauce with NDAs & IP assignments
You’ll need to work with collaborators throughout your journey. NDAs prevent disclosure of your idea, and IP assignments ensure that your company owns the intellectual property.
Get investment ready with SEIS/EIS Advance Assurance
SEIS and EIS Advance Assurance makes you dramatically more investable. Use SeedLegals to apply for Advance Assurance and get approved fast.
SEIS is a win-win for you and your investors
Find out why founders use SeedLegals to certify their SEIS status. Our CEO Anthony Rose explains what SEIS is, why it’s so important and how you can use it to attract investment.
Apply for SEIS/EIS in a simple and intuitive workflow
Get your SEIS/EIS Advance Assurance application handled by the experts. We generate your completed application, check it’s ready to go and submit it to HMRC for you.
Carefully reviewed and submitted by our experts
We make sure your application complies with the latest HMRC guidelines (even the ones they don’t tell you about!) to get you the most reliable approval possible.
Chat online anytime with our experts
Not sure if you meet the SEIS/EIS criteria? Need help with your supporting documents? Our team of SEIS/EIS specialists is here to help.
Manage your cap table
Build your capitalisation table in minutes with the UK’s #1 platform, loved by founders and investors. Try it out for free.
We do the maths, so you don’t have to
Our online cap table builder takes care of the arithmetic, calculates equity dilution and keeps tabs on who owns what. The cap table is one of your most important records, so it’s always included in SeedLegals memberships.
Build your automated future-proof cap table
Out with spreadsheets, version control and offline storage. In with simple, automated equity management.
We’ve simplified your admin so you can spend more time growing your business.
Speed up your legals with an integrated cap table
When you use SeedLegals to fundraise, the Term Sheet and other documents are pre-filled with details already in your cap table. (Fundraising? View our pricing)
Chat online anytime with our experts
Need some help? Not sure how to update your Companies House filings or why the nominal value is wrong? Our expert team is here to guide you through.
Create your Staff Handbook in minutes
No need to pay a lawyer to draft your company policies.
Simply fill in the questionnaire to automatically generate your legally compliant employee handbook of workplace policies.
✔ Customise 40+ policies and procedures
✔ Send, store and update on SeedLegals
✔ Unlimited help, 7 day support
✔ Included in Standard and Plus memberships (+ 7 day free trial)
Compliant, easy-to-read policies for your team, all in one place
By law, all UK employers need to have certain policies. The SeedLegals Staff Handbook template makes it easy to create your policies and bring them together in one easily accessible Handbook.
Chat online anytime with our experts
Need some help? Not sure which policies and procedures are required by law? Our team of experts are on hand to chat online, by phone or video call.
Update your policies and share in seconds
Already created your Staff Handbook? Things change so it’s smart to regularly review and update your policies. After your 7 day free trial, you’ll need a Standard or Plus membership – log in, hit edit, make the changes and then share with your team.
Company Policies, made easy
Setting out your workplace policy is something every growing company needs. And these days every company needs employee and customer privacy policies. It's always been a hassle to do those. So we built a solution.
Your company. Your ethos. Your handbook.
As you grow, you can’t always tell your employees in person exactly what you expect of them, or what they can expect of you. A Staff Handbook does just that. Ours covers over 40 key policies, and can be easily generated and updated anytime in minutes.
Create your Staff Handbook in minutes
An internal privacy policy for employees
Sometimes it’s the small things that matter. An Employee Privacy Policy is an essential add-on to any Employment Agreement and ensures that your employees will be treated fairly in every circumstance.
Create your Employee Privacy Policy in minutes
If your website collects data, you need a Website Privacy Policy
Show your customers that you’re protecting their data. Create and customise your Website Privacy Policy from our template and stay compliant with GDPR and UK data protection laws.
Create your Website Privacy Policy in minutes
Everything you need to raise investment.
Create your Pitch for investors
Deliver the perfect pitch to investors, in one click
✔ Create and share your free page in minutes
✔ Track page views and investor interest
✔ Share confidential files in your secure Data Room
ASAs and convertible notes
Raise before a funding round
Our SeedFAST advanced subscription agreement and SeedNOTE convertible loan note let you take a one-off investment before a funding round. They allow you to raise without having to value your company.
The faster way to do a funding round
Raise your funding round on the UK’s #1 platform. Create and negotiate all your investment documents in one powerful, streamlined workflow. Unlimited expert help included.
Create your legal docs instantly
Forget billable hours and expensive back and forth with a traditional law firm. On SeedLegals it’s fast, simple and cost-effective to create, auto-update and sign all the funding round documents you need.
Lead with the Term Sheet
Instantly create every agreement, every term, every clause – exactly how you want it. Your dedicated funding specialist is on hand to walk you through the deal terms so you can choose what’s right for your company.
Close your funding round in record time
After you’ve agreed the Term Sheet, we instantly generate all the documents your investors have to sign, including the Disclosure Letter, Shareholders Agreement and Articles.
Close your funding round in record time
After you’ve agreed the Term Sheet, we instantly generate all the documents your investors have to sign, including the Disclosure Letter, Shareholders Agreement and Articles.
Negotiate effortlessly with live comments
Keep track of negotiations easily with instant comments on your funding round documents. Investors can ask questions, suggest counter terms and discuss privately with company admins. No more back-and-forth email threads.
Control access to your confidential info
Get ready for due diligence. Use your secure Deal Data Room to share documents with custom groups of investors, lawyers and advisors.
Chat online anytime with our experts
Need some help? Not sure how to push back in your negotiations with investors? Confused by ‘drag along’ and ‘tag along’? Our expert team is here to guide you through your startup funding journey.
Looking for specialist legal advice?
If you need a dedicated lawyer to support with negotiation and bespoke drafting for your Series A+ round, our Advisory Service can provide you with high quality legal advice, priced efficiently.
Get in touch with our experts at advisory@seedlegals.com to learn more.
The best way to do a Series A round
Whether you’re raising £1M or £10M, supercharge your Series A round with the platform and team that:
✔ empowers you to get the best deal terms
✔ builds all your deal documents
✔ provides all the help & support you need
✔ helps you close your round quickly & reliably
Use technology to transform your fundraising
Investor sent you their Term Sheet?
Nice! Our A+ team will:
Need custom wording?
No problem
We’ve already coded the legal wording requested by leading VCs and funds. If we don’t already have 1-click support for your investors’ wording, no problem, we can easily accommodate any wording.
Looking for specialist legal advice?
If you need a dedicated lawyer to support with negotiation and bespoke drafting for your Series A+ round, our Advisory Service can provide you with high quality legal advice, priced efficiently. Get in touch with the experts at advisory@seedlegals.com to learn more.
All the support you need
Our purpose-built Series A service provides all the support you need for your round. Our experienced team and network of lawyers specialise in startups. We understand exactly what you need for your funding round.
Close complex deals with confidence
Complete your funding round in the most efficient way possible with our easy-to-use platform combined with expert legal advice. We’ll help you negotiate the best deal for your company effectively and transparently.
We’re not a traditional law firm
We’re startup funding specialists with a data-driven, expert legal team and a deep understanding of the market. Get help from an experienced, qualified venture capital lawyer where necessary – automate the rest.
Top expertise you can rely on
A dedicated senior venture capital lawyer with leading City law firm experience will support you from start to finish. Find out about the expertise of some of our lawyers: Abdul, Anna and Gordon
Transparent pricing
No surprise costs here – just quality service.
Our philosophy on pricing will always remain to keep costs as low and transparent as possible without sacrificing quality.
Negotiate effortlessly with live comments
Keep track of negotiations easily with instant comments on your funding round documents. Investors can ask questions, suggest counter terms and discuss privately with company admins. No more back-and-forth email threads.
Add investment, anytime
Use Instant Investment to top up a previous round and add new investors anytime.
Top up between funding rounds
Raise easily between rounds – Say goodbye to 12-18 month fundraising cycles. Instead, raise money continuously with SeedLegals
Add investors in a few clicks – It’s quick and easy to add new investors to your company and issue shares at any time
Share and sign online – All your investment documents are shared, signed and securely stored on SeedLegals
Raise small amounts – Only looking for a small injection of cash? Instant Investment allows you to accept investments from £5,000 (up to £10M)
Say hello to agile funding
No need to wait until you do a funding round – add investments whenever you need to.
Talk to the experts
Not sure how it works? Wondering how much equity to give away? We’ve helped thousands of companies fundraise – talk to our experts to get answers, fast.
Raise funds now, mint tokens later
Accelerate the development of your crypto tokens with SeedSAFT. Get the resources you need to develop your tokens by raising money from purchasers first and issuing tokens later when they’re ready.
Introducing SeedSAFT
Fund your token development – With SeedSAFT, purchasers pre-pay for tokens so you can raise the money you need for development.
Set key terms – We walk you through the SeedSAFT key terms with detailed explanations so it’s quick to build and customise the agreement.
Attach your whitepaper – Add a link to a whitepaper where you describe the token’s attributes and explain the tokenomics.
Protect your purchasers – SeedSAFT gives you the option to refund your purchasers if you don’t ultimately issue the tokens.
Receive funds in crypto or fiat – Decide whether your purchaser will pay in fiat, cryptocurrency, stablecoin or another token.
Get market-standard docs – We instantly build all the other deal docs you might need, including the investor consent notice, board resolution and shareholders resolution.
Create and sign online – Keep all your documents safe with secure storage, and save time by creating, sharing and signing documents on SeedLegals.
Get unlimited support – Need any help with the documents? Our team is always on-hand to provide support.
Easy to create, negotiate and sign online
Say hello to the new market standard – SeedSAFT is the first automated agreement for raising ahead of a token launch. Just fill in the details on our simple workflow and you’re ready to raise.
Is SeedSAFT right for your company?
SeedSAFT could be the right fundraising mechanism for you if you have:
SEIS/EIS compliance made simple
Give investors their SEIS/EIS tax relief the quick and easy way. Auto-complete forms, share and sign everything online and get unlimited expert help.
SEIS/EIS compliance – the fast way
Free up your time – Automatically generate your SEIS/EIS compliance forms and get all the admin done effortlessly
Simplify the workflow – Make things easy for you and your investors by sharing SEIS/EIS certificates in just one click
Use the UK’s #1 service – Join thousands of companies who love our personalised service – unlimited help is included
Get your investors their tax relief, without hours of paperwork
After a funding round, use SeedLegals to make things easy for you and your investors by sharing compliance certificates in a few clicks.
All the documents you need – reviewed by legal experts
All the documents you get on SeedLegals are designed and reviewed by experts.
Unlimited help from our SEIS/EIS experts
Not sure where to start with SEIS/EIS compliance? Need help with your supporting documents? Our expert team are here to guide you.
The secure way to store and share your legal documents
✔ Upload confidential documents to your virtual Data Room
✔ Control access through custom groups
✔ Change permissions at any time for unlimited users
Use the Deal Data Room for secure due diligence
Speed up due diligence and make funding faster. Share classified documents with investors, lawyers and advisors.
Share information easily with potential investors
No need to send emails with large file attachments or force investors to download files. Your Pitch page comes with its own secure Data Room.
Create, share and manage board documents
Bye bye bulky board pack. Data Room is the easy way to give everyone the access they need to company information.
Chat online anytime with our experts
Not sure how to access the Data Room or what files to add? If you have questions about Data Room, our expert team is here to help.
Manage shareholders and reward your team with equity.
Employee share option schemes
Reward your team with equity
Keep talent onboard and engaged for your startup’s journey.
On SeedLegals, it’s easy to create and manage an employee share option scheme tailored to your business.
Enterprise Management Incentive scheme
Build your dream scheme: EMI made easy
Create and manage your EMI scheme on our automated platform with unlimited help from our EMI experts.
The fast, easy way to build your EMI Valuation report
Get a fair, accurate, HMRC-approved valuation with hands-on help to build your report and an expert review by our team.
Get the best strike price for your team
Your SeedLegals EMI Valuation report accurately values shares in your company now, to make sure your option holders get the best possible price when they exercise in the future.
Reward employees – We help you achieve a fair valuation to get the best strike price
Speed up approval – Eliminate errors with our HMRC-friendly report format
Get help from experts – We’re here to guide you, review the report and answer your questions
Save money – Costs just a fraction of the fees charged by accountants and lawyers
Build your report with expert help
Designed by EMI experts and reviewed by lawyers, our industry-leading valuation tool builds your EMI Valuation report in minutes.
Unlimited support included
Need some help? Our experts are here to answer questions and guide you through your EMI Valuation every step of the way.
£500 discount for Plus members
SeedLegals Plus members get £500 off the second EMI Valuation. And third. And fourth. And every EMI Valuation after that!
Share equity with no restrictions
✔️ Grant options to anyone, anywhere
✔️ Automate the legal docs
✔️ Unlimited expert support
Unapproved options: unlimited and unapologetically awesome
Our option schemes are designed and regularly reviewed by lawyers.
Offer options for all – Employees, contractors, advisors, non-UK staff – anyone. There are no restrictions on who you can grant options to.
Incentivise your staff – Attract the best candidates with an option scheme. Holders can log in to view their options and see what they might be worth.
Boost efficiency – Create, customise and run your Unapproved scheme on SeedLegals to automate the documents and eliminate errors.
Get help from experts – Our friendly, 5-star options team is ready to guide you. Make the most of their expert knowledge.
Build a scheme without EMI restrictions
If you or your staff don’t fit the criteria for a tax-advantaged EMI scheme, build your own Unapproved scheme on SeedLegals. (And yes, you can have an EMI scheme and an Unapproved scheme.)
Offer options to overseas staff, non-PAYE workers and more
Only PAYE staff can get EMI share options. With an Unapproved scheme, you can share equity with more of your team.
The easy way to create and run your Unapproved scheme
Generate all the legal documents automatically. Need some help? Our options experts review your scheme and are on hand when you have questions.
Give your team the tools to manage their options
Our easy-to-use dashboard for option holders is included in your membership. Your team can log in themselves to track vesting and see what their options might be worth.
Want to offer options from your own shares?
Tripartite agreements allow you to allocate options against your personal shares (or someone else’s) so you can grant options without diluting other shareholders.
Chat online with our experts
Need some help? Not sure if you need an EMI or Unapproved scheme (or both)? Our expert team is just a click or a call away.
Speed up your R&D Tax Credits claim
✔ Automate the admin, leave the rest to our experts
✔ Maximise your R&D Tax Credits claim
✔ Get unlimited support from R&D specialists
Low-effort, high-impact R&D claims
The days of swapping spreadsheets and endless emails are over. This is how R&D claims should work.
Quick and easy claim builder
Our guided workflow and Xero integration take all the effort out of preparing accurate, comprehensive claims. We support both SME and RDEC claims.
Experts optimise your claim
Prepare your claim with confidence. Sophisticated software and our R&D expertise spot every opportunity to claim back your R&D spend.
Sync, track and store
Everything you need in one place. Sync your data, get a real-time, precise forecast of how much you can claim as you go, and access your claim easily next time.
Support at every stage
When you team up with SeedLegals, help is only a click away. Our excellent support has earned us 5 stars on Google and Trustpilot.
Get expert legal advice for your business
Future-proof your company and scale faster with General Counsel as a Service
✔ Dedicated senior lawyer
✔ Up to 30 hours of legal advice per year
✔ Contracts, employment, data privacy and more
We’re specialists – not a traditional law firm
We’re startup legal funding specialists with a data-driven, specialist legal team and a deep understanding of the market. Get up to 30 hours of legal support per year from your dedicated senior lawyer on matters including:
Rely on our expertise
We’ve worked with thousands of companies, from SaaS and fintechs to cafés and gyms. SeedLegals GCaaS is a speedy and friendly global legal team ready to help you with top quality, specialist legal advice. Meet some of our lawyers, Abdul, Anna and Gordon
Transparent pricing
No surprise costs here – just quality service.
Our philosophy on pricing will always remain to keep costs as low and transparent as possible without sacrificing quality.
To subscribe to GCaaS, you must have an annual SeedLegals membership – either Plus or Standard
Cut costs without cutting corners
Use automation for the basics – and ask your SeedLegals lawyer for expert advice
Get help from top lawyers – We understand the complexity of legal matters you face. Your lawyer aims to help you achieve the best outcome for your business.
Trust data-driven decisions – Experience from working with 50,000+ businesses means our team has significant experience in supporting startup and SME growth.
Streamline with automation – Use SeedLegals to automate your documents and workflow, with help from the support team as usual. For legal advice, your lawyer is on hand.
Simplify your costs – Pay a flat fee for up to 30 hours so you’re covered all year, no matter what comes up. Need more hours? No problem – just ask us.
Transfer shares to anyone, anywhere
The fast way to do a share transfer online, all in one simple workflow.
Transfer from existing shareholders to anyone
It’s easy to invite the new shareholder to sign. Simply add their email address and they’ll go straight to the documents they need to sign.
Chat online anytime with our experts
Need some help? Not sure how to get started? Our share transfer workflow features built-in guidance but if you need any help, our expert team is here to guide you through.
Make board meetings a breeze
On the agenda:
✔ Better board meetings
✔ Automated admin
✔ One-click secure document sharing
✔ Auto-filled forms for Companies House
Simplify your board tasks
Effortless governance and compliance, in just a few clicks.
Hold a board meeting
• Set and share the agenda
• Record your discussion using our Board Minutes template
• Add outcomes to agenda items (Approved, Not Approved)
• Sign the minutes
Add or remove a director
• Generate AP01 and TM01 forms to send to Companies House
• Automatically add appointments and terminations to Board Minutes
• Get step-by-step help with any additional forms
Change director details
• Select the director
• Enter their new details
• Generate a new form to send to Companies House
Create annual Confirmation Statement
• Get the CS01 form to send to Companies House
• Auto-fill using information from your Cap Table
Streamlined, speedy admin at every stage
Exactly what you need – before, during and after board meetings. We make it easy to carry out your director duties, practise good governance and run productive board meetings.
Chat online anytime with our experts
Need some help with board tasks? Not sure how to appoint or terminate a director or what documents to send to Companies House? Our team of experts are on hand to chat online, by phone or video call.
Create, share and manage board documents
Save your energy for corporate strategy. Build board documents in a few clicks, upload and store your confidential files securely online and share with attendees via the SeedLegals platform.
Thinking about US expansion?
Many UK startups think about raising investment in the US, opening up a US subsidiary, or moving their entire operations there as part of their scaling strategy. SeedLegals have worked alongside our partners to gather learnings for UK founders.
Raising from US investors
When thinking about raising US investment, there are various things to consider, including whether or not you should consider a Delaware flip. Read our guide for UK startups for more information or chat with our experts.
Methods for investment into your UK entity:
How to hire people in the USA
See our tips for hiring in the US, compiled from our webinar with Wilson Sonsini, on how to get started, how to employ staff, and what to avoid.
Key things to keep in mind:
Considering opening a US subsidiary?
See our guide for setting up operations in the US, compiled from our webinar with Wilson Sonsini.
Key things to consider:
Webinar with SeedLegals and Wilson Sonsini
Watch the video to see Anthony Rose, CEO of SeedLegals talking to Daniel Glazer of Wilson Sonsini.
Success stories
Everfund is a developer-tooling startup that did a Delaware Flip and raised an unannounced pre-seed from leading US developer-tooling investors in late 2022 to become the Stripe alternative for building donations on the web. Some tips from their experience:
Monadd is a management service for any bills linked to your home. Read their journey of a US flip:
Infohealth is a UK-based health tech company that has successfully raised Quintech.io and Nicerx.com in the US, and will be launching NowPatient.com in 2023. Some tips from their experience:
Take control of your sale
Ready to sell your startup? Our Exit service packages all the documents you need - from the Heads of Terms and Share Purchase Agreement to the J30 and new share certificates - with unlimited support from our friendly experts.
Create your legal documents instantly
Forget billable hours and expensive back-and-forth with a traditional law firm. With us, it’s quick, simple and more cost-effective to create, auto-update and sign all the documents to sell your business successfully.
Lead the deal with the Heads of Terms
Instantly create every agreement with every term exactly how you want it. Our specialists are on hand to guide you through the terms so you can choose what’s right for your company. Send to potential buyers with an optional NDA.
Seamless and speedy due diligence
Make DD as easy as possible for your buyer. Create the due diligence checklist, disclosures and warranties on SeedLegals. Store, organise and share all the documents securely in your Data Room.
Close your deal in record time
Free up your time and declutter your inbox and documents – with us, legal admin is effortless. Share, e-sign and store all documents securely on SeedLegals.
Chat online with our experts
Need some help? Not sure how to push back when negotiating with your buyers? Confused about ‘earn-out consideration’? Our expert team is here to guide you through the sale of your company, with unlimited support from start to finish.
R&D tax credits changed from April 2023 – find out how it could affect your business
R&D tax relief has long rewarded companies that work on innovative projects in the UK. While that…
The Teatle claims back £25,000 in R&D tax credits with the help of SeedLegals
Baby bottle game-changers The Teatle recently claimed back £25,000 from HMRC with the help of SeedLegals. The cashflow boost will help them market their products and scale the business.
The elevator pitch 🚀
The Teatle is a new generation of baby bottles designed to replicate natural breastfeeding. Dentist and researcher Dr Antonio Tarsia studied the impact of modern lifestyle on the development of the mouth, and found that modern baby bottles don’t benefit babies’ growth as much as breastfeeding does.
Despite the huge number of products claiming all sorts of different features and benefits for babies, the way baby bottles are designed hasn’t changed much over in decades and doesn’t fully support baby development.
To solve this problem, Dr Tarsia designed The Teatle as a baby bottle with a texture and shape close enough to a natural breast to overcome the problems related to common baby bottles.
When talking to friends about his idea, one of them said, “If it’s halfway between a teat and a bottle, it’s The Teatle!” It made perfect sense. So with the name sorted, Dr Tarsia started to build the first prototypes and worked countless hours at night while maintaining his daytime job as a dentist. Supported by family and friends, he succeeded in bringing to life this unique and innovative baby bottle that will change the game for the better.
The challenge: tackling R&D tax credits for the first time with no experience 🤔
Like any startup, The Teatle needed funding – fast. Mostly self-funded to begin, they needed extra cash for research and development to produce the goods and get them sold. Dr Tarsia knew he could get a much-needed cashflow boost with the R&D tax credits scheme, but he didn’t know where to start.
How SeedLegals helped 💡
1. Saving time and money
SeedLegals was recommended to The Teatle by a friend who is a fellow startup founder. With little time and cash to spare, The Teatle needed a solution that saved them time and money on making an R&D claim.
“We’re still a small business, it’s still me and my wife and contractors at the moment. Because of this I need to wear many hats and don’t have much time to spare,” says Dr Tarsia.
2. Simplifying the process
SeedLegals helped by providing an easy-to-use workflow that made it simple for Dr Tarsia to build the claim and store all related documents safely on one platform.
“SeedLegals is very easy to use. Jay, the R&D specialist who assisted us, was very helpful and made the process straightforward.”
3. Providing expertise
Our aim is to make R&D claims easy for everyone to understand. We provide examples and hint text to help build your claim, and a dedicated expert along the way to answer any questions and support you.
“I’m not really geared towards tax and accounting, so SeedLegals made the process really easy to understand and work through. SeedLegals helped create the narrative and tell the story, making sense of all the technicalities involved.”
The impact: changing the world of baby bottles📣
So far, The Teatle has been testing and refining their products. They’ve gathered feedback from their first few hundred customers and are making some small variations to what they offer.
Their next step is a bigger launch and marketing campaign that’ll be funded by the R&D tax relief they received. They also intend to lower production costs and increase efficiencies to gain a larger market share.
“2023 will hopefully be a year where we see steady growth of the product, and then land some investment so we can scale. We have a unique product that people recognise, so we believe this will give us a foot in the door to launch a whole series of products for babies, including sterilisers, bottle warmers and feeding products for when the baby is weaning.”
Any advice for founders?
“You need to be really determined. Every startup faces a lot of problems. Obviously, you need to have a good idea, a vision and the guts to pursue it. You need to believe in the problem you’re trying to solve and be brave. One of the worst things in life is to have regrets – so just go for it, try it and don’t give up. Do your best to fight every day for your mission.”
Check out The Teatle’s website 👉 www.theteatle.com
Talk to the R&D experts
R&D tax credits are often overlooked as a source of funds, but they can give your cash reserves a generous boost and even help you extend your runway.
Not sure whether you qualify or how to get started with your claim? Jump on a free call with one of our R&D specialists to get your questions answered.
We guide, educate and empower startups and small businesses to automate the legals they need, dramatically cutting down the time and expense companies used to spend with traditional lawyers and accountants.
"Between the platform and the service from the team, we couldn't be happier with SeedLegals"
Chris Booth – CEO at Findrs