Subscription Agreement for Future Equity

Portolano Cavallo provides founders and investors with a “Subscription Agreement for Future Equity”, an off-the-shelf template for an agreement for funding the initial steps of an innovative company.

The document has been created by Portolano Cavallo, Linklaters Italia, Italian Tech Alliance and Growth Capital, with the aim of making available to founders and investors a contractual arrangement in the spirit of the Y-Combinator‘s post-money SAFE that would be in compliance with the Italian legal system and the practices of the Italian venture capital market.

Specifically, the Subscription Agreement for Future Equity enables investors to pay in advance the subscription price for company shares/quotas (typically pre-seed and seed funding) with such shares/quotas to be issued by the company receiving the investment at a later date, so that valuation of the company is postponed to a more mature stage.

READY-TO-USE

With a click, founders can download the Subscription Agreement for Future Equity and leverage this highly standardized template and a globally recognized instrument to raise funds quickly. To enter into the Subscription Agreement for Future Equity and formalize the investment, parties simply fill in the template, agree on very limited, largely economic terms, and then sign the agreement.

On this page you can find the template of the Subscription Agreement for Future Equity and a spreadsheet to help founders and investors understand the calculations underlying the allocation of shares/quotas under the Subscription Agreement for Future Equity.

CONTACTS

For further information, please contact our professionals: Luca Gambini, Alessandro Tanno, and Antonia Verna.

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Fill in the form below to download the Subscription Agreement for Future Equity and the spreadsheet.

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