Termn runs a SAFE round end to end: each SAFE is signed from one secure link per investor, wires are reconciled against receiving-bank evidence, and every SAFE is tracked as an open promise until the stock it names is issued.
Start this SAFE round free One price for the whole round
No card · Nothing reaches an investor until you review it
Round dashboards fail in one direction: they add up promises. Termn keeps two numbers apart, what investors say they sent and what your bank shows arrived, and never lets the first stand in for the second.
Each investor signs the SAFE and its representations from one secure link. No accounts, no app to install.
The wire goes out against your instructions, which stay sealed until that investor’s signatures are in.
“I sent it” is recorded as the investor’s claim. The wire reconciles when receiving-bank evidence is confirmed on your side.
Investors never need accounts · Termn never holds funds · One price for the whole round
Most tools call the round done when the money lands. The SAFE itself says otherwise: stock later, on a trigger. Termn keeps the promise on the books.
On close, each SAFE goes onto your ledger and the investor’s as outstanding, and stays there for as long as it takes: converting on an equity financing, a liquidity event, or dissolution. Cap, discount, and purchase amount sit on the record as the facts you entered.
When you and your counsel declare the trigger, each SAFE gets its conversion workflow: the paperwork if any, the share issuance you enter, and transfer-agent or board-consent evidence confirming the shares exist. The SAFE closes as converted, and the record links back to the original.
You always know which of five states a SAFE is in: issued, outstanding, trigger declared, converting, converted. Repurchased and dissolved are recorded outcomes too, so nothing ends in silence.
Nine investors means nine people judging you by this page, so here is the whole of what each one goes through.
An email sent through Termn in your name carries one secure link to the agreement. It opens in the browser: no account to create, no app to install, nothing to pay.
The SAFE is on the page, ready to sign, with their committed amount. Your wire instructions appear only after the signature, and the investor takes them to their own bank. “I sent it” is recorded as their claim until your bank’s evidence confirms the wire; Termn is never between the money and your account.
Every act is confirmed by email, to them and to you. If they hesitate, Termn does the reminding for seven days, so the awkward follow-up is never yours.
No account and nothing to install · They never pay Termn anything unless you assign the activation to them · A lost email is re-sent from /my, any time
The round is one workspace. Your first one, working alone, is free. After that a workspace is $149 once, covering every investor, every SAFE, and the conversions later. Billing is per workspace, never per signature, per document, or per dollar raised.
Your first workspace is free. Investors pay nothing, unless you deliberately assign the one-time activation to one of them. See all pricing, including the Operator subscription for desks that send every month.
Plain explanations of the transaction itself, free and open, with the statutes and rules they rest on named and linked.
Funded is not converted. The gap between them is usually measured in years.
The questions come two years later, from a lawyer who was not there.
Everything else is in the learning center.
Your first workspace is free: one live workspace, unlimited agreements inside it, no card.
Start this SAFE round freeRather talk it through first? Contact us at sales@termn.ai.