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Funding Term Sheet
"I need a Funding Term Sheet for a Series A investment round of SGD 5 million into my Singapore-based AI startup, with specific provisions for board seats and anti-dilution protection, to be completed before March 2025."
1. Parties: Details of the investor(s) and company
2. Investment Amount: Total funding amount and payment terms
3. Valuation: Pre-money valuation and resulting ownership percentage
4. Security Type: Type of shares or instruments being issued
5. Use of Proceeds: Intended use of investment funds
6. Closing Conditions: Prerequisites for completing the investment
1. Board Rights: Investor board representation rights, typically included for larger investments or strategic investors
2. Anti-dilution Protection: Protection against future down rounds, commonly included for sophisticated investors or larger rounds
3. Drag-along Rights: Right to force minority shareholders to join in sale, typically included for majority investors
4. Tag-along Rights: Right to join in sale of majority stake, included for minority investor protection
1. Cap Table: Pre and post-money capitalization table showing ownership structure
2. Investor Rights: Detailed listing of investor rights and privileges
3. Corporate Documents: Key corporate documents including certificate of incorporation, ACRA records
4. Financial Statements: Recent financial statements and projections
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