Equity Financings for Swiss Startups

Together with outside experts, SECA has drawn up two VC model documentations – as core pillars of its longstanding efforts and ambition to contribute to the efficiency of transactions in the Swiss venture capital market:

• one for start-up investments in Switzerland by business angels and similar start-up investors in the range of CHF 0.5 – 5 Mio. («Model Documentation light») and
• one for seizable venture capital investments by institutional / international investors in the range of CHF 5 – 20 Mio. («Model Documentation large»).

Each model documentation comprising clean and annotated/commented versions of a

• term sheet,
• an investment agreement,
• a shareholders agreement,
• articles of association and
• board regulations can be downloaded below for free.

SECA’s VC model documentations make venture investments in Switzerland more efficient and have become the standard for venture investments in Switzerland. The Legal & Tax Chapter encourages everyone to let SECA (or Beat Kühni who coordinates within the SECA Legal & Tax Chapter) know of any shortcomings in order to constantly improve the documentation.

The standing working groups of recognized practitioners from leading Swiss law firms active in the field that are entrusted with keeping the VC model documentation updated are:

Downloads