Document background
The Simple Agreement For Equity (SAFE) has become increasingly popular in Ireland's startup ecosystem as an alternative to convertible notes. This document is typically used by early-stage companies seeking to raise capital quickly and efficiently, without immediately setting a valuation or issuing equity. The agreement, while following the fundamental structure of a SAFE, is specifically adapted to comply with Irish corporate law and regulatory requirements. It includes essential provisions for investment amount, conversion mechanisms, and investor rights, while incorporating necessary elements required under Irish jurisdiction. The document is particularly suitable for seed-stage funding rounds where companies want to delay complex equity negotiations until a larger, priced funding round. It provides a balanced framework that protects both investor and company interests while maintaining the flexibility needed in early-stage fundraising.
