Efficient fundraising: faster financing rounds for startups

The challenge of notarial formalities in financing rounds

Over the past two years, we at notarity have helped numerous startups navigate the notarial formalities required for successful financing rounds. A crucial and often overlooked aspect of concluding an investment agreement is obtaining certified documents, such as powers of attorney and genuine passport copies, from investors. These documents are essential for executing the notarial deeds that close investment rounds, but obtaining them has traditionally been a complex, time-consuming process, especially for startups working with investors in different locations.

Without a digital notarisation platform like notarity, startups generally face two major challenges:

Option 1: Investors attend the notary appointment in person

One approach is to require all investors to be physically present at the notary appointment. This method has considerable disadvantages:

• With a typical group of 10 to 15 investors, this adds up to weeks of lost productive time and six-figure opportunity costs.

• Investors often have to travel across borders, which costs considerable time and money.

• Notarial sessions can last several hours, during which legal formalities are read out to investors.

Option 2: Investors organise their own documents

Alternatively, startups can ask each investor to arrange the notarisation individually. However, this creates several inefficiencies:

• It becomes almost impossible to track whether investors have completed the necessary steps, which often delays the closing of the financing round.

• Startups have to rely on investors navigating local notarisation processes, which can be cumbersome and time-consuming.

• Many cases require apostilles, which delays the process further, especially if investors are based in different countries.

The notarity solution: a fully digital, seamless notarisation process

Step 1: Onboarding call with the startup

We start with a tailored consultation to assess the startup’s needs and provide an individual solution for handling the required notarial documents.

Step 2: Setting up a dedicated organisation tool

We provide startups with a structured system, including text templates, to simplify communication with investors and ensure a clear, smooth process for collecting documents.

Step 3: A simple booking process for investors

Investors can book an appointment with a notary in just one minute. From there, notarity takes care of the organisation:

• guiding investors through the process

• signing of the documents before partner notaries on the notarity platform

• requesting apostilles if required

• sending paper copies to the relevant recipients

Step 4: Effortless completion of the investment round

Investors can complete the process from anywhere in the world, even on their mobile phones. This keeps the effort required of them to a minimum while ensuring compliance with all legal requirements.

The result: faster, stress-free fundraising for startups and investors

By using notarity, startups and investors can eliminate unnecessary delays, reduce stress and keep financing rounds on schedule. Investors save time and effort, while startups keep full control of the process, ensuring a smooth and efficient path to securing funding.

Ready to simplify your next financing round? Get in touch with notarity today to get started.