Bridge round note or SAFE support for interim capital raises

This service is usually a good fit where a startup is raising interim capital before a larger priced round and wants a note or SAFE that reflects the actual deal being done. It can suit founder-led bridge raises with existing investors, new investors coming in on convertible terms, or mixed bridge rounds where speed matters but the economics still need to be recorded properly. If you only want comments on a short term sheet, a narrower service may be enough. This page is for the legal work around the bridge instrument itself.

The biggest issues usually come from unclear conversion mechanics rather than the name of the document. Common pressure points include what counts as the next qualifying round, how a valuation cap interacts with a discount, whether there is a maturity or longstop concept, and how the bridge terms sit alongside existing constitutional or shareholder documents. If those points are vague, the next financing can become harder to close because founders and investors may have different views on the economics. Clear drafting helps surface those issues before funds are advanced.

A term sheet review is usually about the headline commercial position before longer-form documents are prepared. This service goes further by dealing with the bridge instrument itself and the legal mechanics that will matter when the note or SAFE converts or otherwise comes to an end. In other words, it is not just about commenting on the deal summary. It is about getting the actual document into a form that works with the round structure, investor expectations and the company's existing documents.

You can use a template as a starting point, but many templates assume a deal structure that does not match your cap table, investor mix or future fundraising plans. They may also leave open questions about delayed rounds, inconsistent investor treatment, or how the instrument interacts with existing company documents. Those gaps may not be obvious when the bridge money comes in, but they can create friction when the next round is being negotiated. Tailored legal drafting is often about dealing with those issues before they become expensive.

It helps to have the proposed round terms, the amount being raised, details of whether you want a note or SAFE, and any investor comments already on the table. If available, you should also gather the company constitution, shareholders agreement, earlier fundraising documents and any draft term sheet. Those materials help show how the bridge instrument needs to fit with the company's existing setup. Once we review that information, we can confirm scope and move into drafting the bridge document for the round.

As an online law firm, we eliminate the headaches of paying us by the hour and finding time to meet with a lawyer in person. We charge a fixed fee, with upfront quotes and transparent pricing, and communicate via phone, email and video chat - whichever suits you! You'll be guided through our process by our expert lawyers, who are Australian-qualified and specialise in technology, intellectual property, contract drafting, corporate and commercial law.

At Sprintlaw, our pricing is transparent and designed for startups and small businesses. Many one-off legal services, including document drafting and reviews, are provided for a fixed fee with an upfront quote before you proceed.

Prices typically range from $250 to $2,500 AUD depending on the complexity and scope of the work. For ongoing support, Sprintlaw Memberships include options such as legal templates, consultations, a legal helpline and credits for services.

If your project is larger or more complex, we will provide a tailored quote after understanding what you need.

Our law firm operates completely online, which means we can help you wherever you are in Australia. We work at The Commons Central - a cool co-working space in Chippendale, Sydney - but our lawyers often work flexibly across various locations.

Our lawyers also work from co-working spaces and home offices in Sydney, Melbourne, Brisbane, Adelaide and Perth, so clients can get help online without needing to meet in person.