Raise investment

1. Make the company diligence-ready

Reconcile the cap table, accounts, contracts and earlier funding records. Record gaps honestly and assign remediation owners.

Build the ownership schedule from supporting records, rather than copying the latest pitch deck. For each issue, transfer, conversion or option grant, identify the document, approval, payment evidence and corresponding register entry. Keep issued ownership and a fully diluted illustration separate, with the assumptions behind the illustration stated.

Organise a controlled data room by ownership, financials, tax, contracts, people and intellectual property. Give each request an owner and status: available, being prepared, not applicable with a reason, or missing. Share a redacted version where appropriate and record the version supplied. The investor diligence checklist helps identify the evidence to collect.

2. Agree the investment structure

Identify the investor, instrument, rights and whether money funds the company or buys existing shares. Check residency and sector questions early.

Prepare an issues list before drafting: proposed amount, recipient of the money, instrument, conversion assumptions, governance rights, information rights, founder commitments and existing investor consents. Mark commercial points still being negotiated. Do not let an unresolved point disappear merely because a document has moved to a later version.

A primary issue, a founder’s secondary sale and an option-pool change can affect different records and parties. Map them separately in the fundraising preparation checklist; the transaction advisers can then determine the applicable approvals and filing sequence.

3. Coordinate closing conditions

Align legal documents, valuation, corporate approvals and banking evidence. Do not treat a signed term sheet as the completed investment.

1. Maintain one closing checklist identifying each condition, its owner, supporting evidence and whether it is outstanding or satisfied.
2. Confirm which document version each party is signing and retain the executed version separately from drafts.
3. Prepare a funds-flow schedule showing the payer, recipient, purpose and expected supporting records for every payment.
4. Record the agreed closing sequence and the evidence that releases each next step; escalate a missing condition before treating it as completed.
5. Assign post-closing actions before the closing meeting, including register updates, filings and delivery of final copies.

4. Update records after closing

Reconcile allotment or transfer records, filings and the post-deal cap table. Track investor reporting and governance commitments.

Create a closing archive containing the executed documents, approvals, payment evidence, updated ownership schedule and filing acknowledgements where applicable. Reconcile any difference between the agreed amount and funds received instead of silently adjusting the ownership schedule.

Carry recurring commitments into an owner-based calendar: who prepares investor reports, who checks them, which recipients receive them and which governance decisions require an additional step. Keep these contractual commitments distinguishable from the statutory compliance calendar.

Bring these facts to the first discussion

• Current cap table and funding history
• Term sheet and investor details
• Financials and diligence request list

Watch the dependency

A mixed round with founder share sales needs separate consideration and records for each leg. The company’s bank receipt will not explain the whole transaction.

Example: an investor subscribes for new shares and also purchases shares from a founder. Use separate rows for the subscription and purchase in the funds-flow schedule, identify the company and founder as different recipients, and reconcile both legs into the final ownership schedule. A receipt for one leg does not prove that the other has closed.

How responsibilities are agreed

You confirm business facts and approve decisions. Kosha’s engagement identifies the documents, coordination and filings included, together with any specialist adviser or authority dependency. The service links below explain the relevant workstreams and their limits.