SAFE round closing
Close your SAFE round with every investor accounted for.
Investors sign, retrieve approved wire instructions, send through their bank, and see when the issuer confirms receipt.
Investor close status
- Invited
- Signed
- Instructions viewed
- Sender reported
- Receipt pending
- Funding reconciled
- Issued
$149 per SAFE round. No percentage fee.
The Project Pass covers the issuer closing room, up to ten invited investor closes, required project documents, and the final closing package. A second round starts a second project; any promotion appears before purchase.
Follow each signed SAFE through funding confirmation.
Signature, instruction delivery, investor acknowledgement, and issuer-confirmed receipt remain separate events.
- Founder and counsel
Prepare the round
Record the approved template and terms, issuer authority, board evidence, company signer, receiving account, and counsel-owned filing work.
- Founder
Invite a known investor
Create an immutable SAFE and private close link for each invited investor. The issuer supplies the investor list and sends every invitation.
- Investor
Review and sign
The investor reviews the exact purchase amount and valuation cap, records required representations, consents, and signs before receiving account details.
- Investor and issuer operator
Send by wire and reconcile receipt
Termn reveals dual-approved, investor-specific wire instructions. The investor sends outside Termn and marks sent; an issuer operator must match posted receipt.
- Founder
Deliver the closing package
Provide the executed SAFE, instruction version, investor acknowledgement, issuer reconciliation, exceptions, and filing tasks.
Founders operate the round. Investors complete only their close.
Founder closing room
Issuer readiness, every investor, signed amounts, instruction views, sender reports, reconciled receipts, exceptions, and filing tasks.
Investor close
The invited investor verifies access, reviews and signs one immutable SAFE, retrieves approved instructions, reports the wire, and follows issuer confirmation.
Administrative software with explicit limits.
Termn does not choose an offering exemption, determine investor eligibility, negotiate terms, provide legal or investment advice, find investors, hold funds, or replace the cap table.
Start from primary materials
Review the current Y Combinator SAFE documents and work with qualified counsel before issuing a SAFE.
For an issuer-selected Rule 506(b) path, review the SEC's current overview, including its restrictions and notice-filing discussion.
Confirm transferred fundsSAFE rounds before you begin.
Which SAFE can I close with Termn?
Termn supports US C corporations using the current unmodified YC post-money SAFE with a valuation cap and no discount, with known investors invited by the issuer. Termn must confirm whether it can support another form or offering approach.
Does Termn find or solicit investors?
No. Termn is issuer-directed administrative software. The company supplies its own known investors and controls the terms, invitations, and company approvals.
Does Termn move or hold the investment funds?
No. The investor sends a domestic wire from their own bank using instructions revealed inside the signed closing. Termn does not collect investor bank credentials, originate a debit, or hold the proceeds.
Is Termn a cap-table system, law firm, broker, or escrow service?
No. Termn coordinates the closing workflow and record. It does not replace counsel or a cap-table system, recommend investments, negotiate terms, take success fees, or hold customer funds or securities.
What makes a wire count as received?
An investor's marked-sent acknowledgement never counts as receipt. An authorized issuer operator must match the exact amount and investor-specific reference against posted bank activity or reviewed bank evidence. Mismatches open an exception.
How is a SAFE round priced?
An issuer-led round costs $149 and includes up to ten invited investor closes. The price does not vary with investment dollars, funds raised, or outcome. Any promotion appears before purchase.
Bring your next invited SAFE round into a focused closing room.
Standard supported rounds can start self-serve. Modified forms or other offering paths need review first.