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Tech Startup Formation & Series A Funding - €2M Closed
Tech Startup Formation & Series A Funding - €2M Closed
Client

French Tech Startup (Private)

Start

Jan 15, 2024

Author

Dr. Carlos Mendoza Fernández

Place

Madrid, Spain

French tech entrepreneurs rapidly registered SL company, established audit-ready accounting, and closed €2 million Series A funding with investor-ready governance from day one.

Startup Legal & Accounting Setup: Tech Startup Funding Success

Client Profile: French tech entrepreneurs with innovative SaaS product seeking Spanish company registration, investor-ready documentation, and accounting infrastructure to support Series A funding round targeting €2 million.

Key Challenges

• Rapid company formation with tight 3-month timeline
• Investor-ready documentation from day one
• Shareholder structure optimization for future funding rounds
• Multi-country payroll (Spain + France teams)
• Audit-ready accounting from inception
• Ongoing compliance while focusing on product development

Solution Implementation

Phase 1: Fast-Track SL Registration (10 days)
Completed company registration within timeline without cutting corners. All documentation prepared and filed efficiently meeting all regulatory requirements.

Phase 2: Shareholder Structure Design
Designed capitalization table balancing founder stakes with future investor dilution. Stock option plan framework created for future employee grants ensuring flexibility for growth.

Phase 3: Governance Documentation
Drafted shareholder agreement (EU standard templates), articles of incorporation, and basic corporate governance framework. Investor-ready documentation from inception.

Phase 4: Accounting Setup
Implemented QuickBooks/Xero integration for real-time accounting. Monthly financial statements from inception. Full audit trail maintained for investor transparency.

Phase 5: Payroll Administration
Set up Spanish payroll for Madrid-based employees. Connected French payroll system for remote team members. Social security and tax compliance fully automated.

Results & Outcomes

✓ Company registered and operational in 10 days
✓ €2M Series A funding closed within 4 months
✓ Zero compliance issues during investor due diligence
✓ Audit-ready accounting from day one
✓ Founder time freed to focus on product
✓ Smooth scaling of Spanish operations

Key Success Factors

1. Rapid Setup: Complete company formation within timeline.
2. Investor Readiness: All documentation investor-grade from inception.
3. Accounting Excellence: Professional accounting enabled smooth due diligence.
4. Integrated Services: Legal, accounting, and tax coordination across teams.

Post-Funding Status

Company successfully raised funding, expanded team, and scaled operations. Founders focused on product while AURUM handled all administrative and compliance obligations. Company positioned for rapid growth across Europe.

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Disclaimer

We are a firm providing consultations and preparation in legal matters, and we do not provide regulated legal services (judicial representation, procedural representation, legal defense reserved to colegiados lawyers). Regulated legal services are performed by independent partner lawyers in Spain and the European Union (colegiados) under individual collaboration agreements. Our in-house jurists (with Spanish Law degree) conduct initial consultations, situation analysis, document preparation, and organizational coordination. All actions in courts or authorities are carried out by lawyers with active colegiación.

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