The fine print, unfined
Key Terms
Everything you need to know about the SAFE agreement, in plain English.
Key TermsSAFE · 2026
- Instrument
- SAFE (Simple Agreement for Future Equity)
- Type
- Post-money, valuation cap only, no discount
- Valuation Cap
- £300,000
- Target Raise
- £10,000-£15,000
- Minimum Investment
- £500
- Maximum Investment
- £3,000
- Conversion Triggers
- Next priced equity round, acquisition, or IPO
- Pro-rata Rights
- None at this stage
- Information Rights
- Monthly founder updates via investor portal
- SEIS
- Advance assurance being sought
- Governing Law
- England and Wales
Grassroots — Friends & Family
Why £3,000 Maximum?
This is a friends and family round. The cap exists to protect relationships. We'd rather have ten people invest £1,000 each than one person invest £10,000. If this goes wrong, we want it to be a disappointing dinner conversation, not a friendship-ending one.
Dilution Quick Reference
Ownership percentage at £300,000 valuation cap, before any future dilution.
£500
0.17%
£1,000
0.33%
£2,000
0.67%
£3,000
1.00%
InvestmentOwnership
SEIS Tax Relief
SEIS advance assurance is being sought. If granted, investors may be eligible for 50% income tax relief on their investment.