Clarilis is excited to launch an extensively automated Early-Stage Investment Suite for UK venture capital transactions
Based on the BVCA’s revised model form documents, with additional content from Addleshaw Goddard LLP, this new suite streamlines the drafting process for corporate lawyers advising on early-stage venture capital investments. This new automated suite follows Clarilis’ successful launch of its automated NVCA/CVCA suite for the North American market in May 2023.
The Early-Stage Investment suite includes the BVCA model form documents for early-stage venture capital investment (articles of association, subscription agreement, shareholders’ agreement, registration rights agreement and disclosure and confidentiality letters). In addition, and to create a comprehensive suite, Clarilis has teamed up with one of its long-standing customers, Addleshaw Goddard LLP, to provide additional market-standard content. This includes over 30 automated ancillary precedents and forms (term sheet, warrants, minutes, resolutions, appointments, filings, etc) and additional drafting options commonly seen in the market for the core BVCA documents.
Law firms using this automated suite save significant drafting time, enabling them to enhance productivity while maintaining high-quality work. This increase in efficiency is particularly important in today’s dealmaking environment and allows firms to concentrate on more complex aspects of the deal.
Investor and Company clients alike will benefit from the fast turn around of these documents, enabling their legal partners to move quickly at an early stage.
James Quinn, CEO at Clarilis, commented:
“Since the BVCA substantially revised and updated their model form documents in 2023, we have received numerous requests from client firms to automate the BVCA suite. We are delighted to deliver a substantial automation here for the market with the corporate team at Addleshaw Goddard – including not only the BVCA forms but also all commonly used ancillary documents. Addleshaw Goddard’s corporate team has an excellent reputation and is extremely forward-thinking when it comes to digitisation of the practice of law.”
David Anderson, Partner at Addleshaw Goddard LLP commented:
“We have been advising in the space for a long time and have a genuine interest in how the sector can evolve. This automation will accelerate document delivery while maintaining our hallmark quality standards and represents a significant advancement for our clients. We are delighted to share our knowledge in this area and work with Clarilis, with its history of producing great automations, to see the market as a whole benefit.”
The BVCA commented:
“The BVCA is supportive of tools that encourage the wider adoption of the model documents and align with our mission of assisting the venture capital community.”
