Financing Round

The Standard Agreement Financing Round Version 2.0 and 2.1 consists of eleven parts:

• the introductory notes on use, which should definitely be read in advance to ensure comprehension
• a sample power of attorney,
• a participation and shareholder agreement (designed in such a way that it does not need to be notarised),
• as an appendix to this, the model of a spouse's declaration of consent pursuant to 1365 BGB,
• rules of procedure for the management,
• rules of procedure for the advisory board (optional),
• resolution on the issuance of authorized capital,
• the notarial minutes of the extraordinary partners' meeting at which the resolutions on amending or amending the articles of association and on the capital increase are adopted,
• minutes of a shareholders meeting,
• a (revised) memorandum and articles of association (partnership agreement) - subject to notarisation,
• a takeover declaration for the newly issued shares.

All the documents mentioned in the Standard Agreement Financing Round do not claim to be complete and do not constitute legal or tax advice or can replace such advice.

Neither the German Standards Setting Institute nor its associates or the members of the preparatory working group or the law firms or companies to which the members of the working group belong or which they represent are liable for the accuracy and/or completeness of the documents provided.

Start: March 2020, Version 2.1 - 01.12.2023
Legal lead: Weitnauer Partnerschaft mbH in the person of Dr. Wolfgang Weitnauer, lawyer and partner

Founded 25 years ago by Dr. Wolfgang Weitnauer with a focus on venture capital, the law firm has made a name for itself not only among founders and VC investors due to its long experience and many publications, including the Handbook on Venture Capital (6th edition), but has also focused on providing legal advice to innovative companies in the international technology environment, including M&A transactions. In this respect, the focus is on IT law, industrial property rights and intellectual property, life sciences, data protection, but also current topics such as blockchain, digital health or artificial intelligence. See the website www.weitnauer.net. The firm has offices in Munich, Berlin, Hamburg and Mannheim. www.weitnauer.net

Members of the working group from version 2.0:

Prof. Dr. Christoph von Einem, Of Counsel at ARQIS Attorneys at law, Angel Investor
David Hanf, Board Member at German Startup Association, Angel Investor
Dr. Roland Kirchhof, Board Member, Business Angels Deutschland (BAND)
Dr. Benedikt Luhmann, Early Stage Life Sciences/ Healthcare Investor
Dr. Stephan Morsch, Attorney, partner, SKW Schwarz lawyers
Sascha Schubert, Investment and Venture Advisor, R.O.I. GmbH
Hans-Joachim Schwenke, Attorney and notary, senior partner at lawyers Schwenke Schütz GbR
Christoph Stresing, CEO Bundesverband Deutscher Startups (Federal Association of German Startups)
Dr. Wolfgang Weitnauer, M.C.L., lawyer, partner, Weitnauer Partnerschaft mbB Attorneys / Tax Advisors
Dr. Philipp Wüllrich, Lawyer, partner | Legal Deal Advisory, M&A, Venture Capital, KPMG Law

The positions and functions of the individual working group members mentioned correspond to the status at the respective time of version 2.0

Members of the working group version 1.0:
Prof. Dr. Christoph von Einem, Of Counsel at ARQIS Attorneys at law, Angel Investor
Lisa Gradow, Executive Board Member at Bundesverband Deutscher Startups (Federal Association of German Startups)
Dr. Roland Kirchhof, Board Member, Business Angels Deutschland (BAND)
Dr. Cornelia Kolb, Management of the investor´s network, BayStartUp GmbH
Dr. Benedikt Luhmann, Early Stage Life Sciences/ Healthcare Investor
Dr. Stephan Morsch, Attorney, partner, SKW Schwarz lawyers
Sascha Schubert, Investment and Venture Advisor, R.O.I. GmbH
Hans-Joachim Schwenke, Attorney and notary, senior partner at lawyers Schwenke Schütz GbR
Christoph Stresing, CEO Bundesverband Deutscher Startups (Federal Association of German Startups)
Dr. Wolfgang Weitnauer, M.C.L., lawyer, partner, Weitnauer Partnerschaft mbB Attorneys / Tax Advisors
Dr. Philipp Wüllrich, Lawyer, partner | Legal Deal Advisory, M&A, Venture Capital, KPMG Law

The stated positions and functions of the individual working group members correspond to the status at the respective time of the initiation of the working group