Swiss Private Equity & Corporate Finance Association
Schweizerische Vereinigung für Unternehmensfinanzierung
Association Suisse des Investisseurs en Capital et de Financement
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Convertible Loans for Swiss Startups

Building on SECA’s longstanding efforts and ambition to contribute to the efficiency of transactions in the Swiss venture capital market, SECA has launched a Model Documentation for convertible loan investments into Swiss startups.

Convertible loans are a frequently used investment alternative to priced equity rounds, especially in the pre-seed/seed stage but also for bridge financing purposes. It was, therefore, only a matter of time until SECA would step up with a Model Documentation in order to facilitate and standardize investment terms for convertible loan investments.

The CLA Model Documentation consists of short-form as well as long-form versions of a term sheet as well as a convertible loan agreement, in both cases including annotations that aim at providing further drafting guidance. The CLA Model Documentation can be downloaded free of charge below.

The CLA Model Documentation was prepared by SECA's standing working group for the model documentation "light" and finalized after consultation with various stakeholder groups, including VCs, business angel and startup associations. SECA expresses its thanks to the standing working group composed of

  • Beat Kühni (Lenz & Staehelin),
  • Beat Speck (Wenger Vieli),
  • Karim Maizar (Kellerhals Carrard)
  • Michel Jaccard (id est avocats).


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Swiss Private Equity & Corporate Finance Association
Grafenauweg 10
Postfach 4332
6304 Zug

Phone: +41 41 724 65 75