Get the company ready.
We check the corporate records and cap table first, so problems get fixed before investor counsel finds them.
FUNDRAISING
From your first SAFE to your growth round.
We run SAFE rounds, convertible notes and priced rounds for founders. We tell you which terms matter, negotiate the ones that do, and get the round closed. We’ll tell you what other lawyers won’t when it comes to your round.
WHAT’S INCLUDED
What we handle.
Everything from the first SAFE to Series B and beyond.
- SAFEs and convertible notes
- Pre-seed, seed, Series A and Series B rounds
- Term sheet review and negotiation
- Cap table and dilution modeling
- Negotiation with investor counsel
- Board and stockholder approvals, closing and post-closing records
HOW IT WORKS
How a round runs.
Work through the terms.
We explain what each term means for control, dilution and your next round, and tell you where to push.
Close.
We run the documents, approvals and signatures to a closing checklist, and update the cap table when the money comes in.
PRICING
Fixed fees for every stage.
First SAFE round · $1,500
For companies raising for the first time.
- One customized SAFE, based on the YC form
- Standard YC side letters
- Up to three investors
- Board approvals
- No negotiation of terms
- More than three investors: see the $2,500 package
SAFE round with a lead · $2,500
Up to five investors, including one lead investor.
- SAFE based on the YC form, with Parallax’s recommended changes
- Negotiation with the lead investor
- Standard YC side letter, as modified by Parallax
- All corporate approvals for the round
- Signatures and closing coordination
- Follow-on investors join on the agreed terms
Convertible note · $2,500
Up to three investors on the same form of note.
- Standard convertible note documents
- Board approvals
- Online cap table support
- No negotiation of terms
- $250 per additional investor
Pre-seed / Seed · $15,000
Assumes Parallax formed the company.
- Full transaction support
- Streamlined pre-seed or full NVCA-style documents
- Term sheet review and negotiation
- Cap table and dilution modeling
- Board and stockholder approvals
- Closing coordination
Series A · $30,000
Assumes Parallax advised on the seed round.
- Full transaction support
- Full NVCA document set: SPA, charter, IRA, voting agreement, ROFR
- Term sheet negotiation
- Cap table modeling
- All board and stockholder approvals
- Closing coordination and post-closing cleanup
Series B · $45,000
Assumes Parallax advised on the Series A.
- Everything in Series A, scaled for a Series B
- Any number of investors
- Multiple closings
- Complex cap tables
Other rounds · Let’s talk
Series C and later, bridge rounds, secondaries, custom structures, and any round where Parallax didn’t advise on the prior round.
Priced-round fees assume Parallax formed the company or handled the prior round, as stated. New clients get a quote after a short review of their corporate records. New clients start with a $500 corporate document audit before a SAFE round.
TRACK RECORD
$3B+
Debt and equity financings*
$55M
Nayya Health Series C financing*
*Includes experience at prior firms and in-house. Prior results do not guarantee a similar outcome.
COMMON QUESTIONS
How long does a round take?
SAFEs and convertible notes usually take one to three weeks from agreed terms to closing. We can close a SAFE the same day if needed (expedited fees apply). Seed and Series A rounds usually take four to eight weeks; Series B and later can take longer, depending on the investors.
We didn’t form the company with Parallax. Can you still help?
Yes. We start with a short review of your corporate records and quote from there. Fees are similar to the above, adjusted for any diligence and cleanup.
Can outside general counsel clients use you for a round?
Yes, and it’s faster because we already know the company. You also get priority scheduling. Financings are usually a separate fixed-fee engagement.
What do the fixed fees cover?
The standard transaction documents, term sheet review, negotiation, board and stockholder approvals, cap table updates and closing. If the deal needs something outside that—an unusual structure, bespoke side letters, corporate cleanup—we agree the extra scope and fee before we do the work.
GET IN TOUCH
Tell us what you’re working on.
Book a call and we’ll tell you how we’d handle it and what it would cost.