FounderCatalyst's fixed price rounds (including SEIS and EIS advance assurance from HMRC for free) may be a better fit, potentially saving you thousands of pounds.
After a challenge from SeedLegals on their own "compare FounderCatalyst with us" page that we didn't have a rating, as of October 8th 2024, we now have a 4.9 rating on Trustpilot compared to Seedlegals' 4.8. Speaks for itself how much our customers love us!
If you're raising £250,000, for example, SeedLegals will charge you £2,500 under their Seed round plan. If you raise £500,000 that fee goes up to £5,000. FounderCatalyst charges a fixed £1,495 for any amount raised. Compare pricing of FounderCatalyst versus SeedLegals.
A key part of raising funds from UK investors is having HMRC's advance assurance for their SEIS and/or EIS schemes. SeedLegals charge £390 for this service on top of their funding round fee (this or the SEIS/EIS compliance process is free if you sign up to their £999 annual plan), but it's included for free with FounderCatalyst's funding rounds.
Using our platform you can complete your funding round in just 9 minutes (plus time for your investors to read and sign the documents). With among the fastest times possible, we won't be the bottleneck in your round. Watch our video walkthrough and see for yourself.
Once you've closed your funding round, your SEIS and EIS investors will be keen to claim their tax relief. To do this, you need to file SEIS and/or EIS compliance certificate(s) and then issue to each investor an SEIS or EIS certificate. We manage this process for free when you've closed a funding round with us, whilst SeedLegals charge a further £490.
You've closed an existing funding round and face a £490 charge to do (S)EIS compliance and certificates? When you join FounderCatalyst as a customer, we'll do those too (for free, of course) as our way of welcoming you.
Unlike SeedLegals, FounderCatalyst doesn't force you to take out a costly subscription plan; you pay for the services as you need them and don't pay anything further until you need something new.
If you want to maintain access to documents and data paid for, produced and stored by SeedLegals, you need to maintain an active subscription. If you choose FounderCatalyst for your funding round, you can always access everything with no further payments.
FounderCatalyst has a very active community of founders that communicate regularly every day offering each other support, information and collaboration.
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