A convertible note is a financial instrument that is frequently used to raise early-stage funding for a startup without diluting the founders’ shareholdings. There are three different types of convertible instruments: Convertible Loan Note, Simple Agreement for Future Equity (SAFE), and Keep It Simple Security (KISS). The preference of investors and which instrument they most typically employ will determine whether a startup chooses a convertible loan note, a SAFE, or a KISS to acquire funds.
In light of the above, the SAFE has become the mainstream convertible security instrument for raising funds at the pre-seed and the seed stages. Thus, StartRight has prepared this SAFE specifically for Egyptian and MENA-based startups. In this regard, please email us to get your template.