Click here to use the Cooley GO Docs NVCA Financing Documents Generator
The National Venture Capital Association model venture financing documents are an industry standard for US venture financings. Their widespread adoption has significantly reduced friction in getting deals closed, which in turn has helped countless startups more efficiently get the funding they need to grow into great companies.
At Cooley GO, we have sought to build further on the utility and efficiency of the NVCA model documents by creating a generator that produces initial drafts of the main venture financing documents (the Certificate of Incorporation, Preferred Stock Purchase Agreement, Investors’ Rights Agreement, Voting Agreement, and Right of First Refusal and Co-Sale Agreement), on the NVCA forms. We envision that this will broaden the accessibility of the NVCA model documents and further streamline the process of closing venture deals. We would like to thank the NVCA for granting their permission for us to publicly release the model documents in this format.
In building this generator, we have automated the aspects of the documents where we believe doing so meaningfully reduces the user’s time and effort. Other sections are most efficiently completed by reviewing and editing the draft document itself with qualified legal counsel. Thus, the documents this generator produces will contain a number of bracketed items, and will need to be reviewed (with counsel) and completed before they are signed.
While we believe this generator will help simplify the venture financing process, venture deals are complex and this document set may not be the right choice for all financings, especially very early stage or “bridge” financings. You should consult with your attorney and other advisors about your options for raising funds. Depending on the funding instrument you choose, you may instead want to use one of our other generators, such as those for convertible notes, SAFEs, or Series Seed financing documents.
To learn more about the NVCA documents, we recommend that you review the annotated versions available on the NVCA’s website. The annotations contain a wealth of guidance on how the documents work and what their terms mean. To learn about the latest trends in venture financing terms, please visit our trends page.
We always love to hear from the Cooley GO community. If you have feedback on our document generator, please email us at [email protected].
Cooley LLP, each entity affiliated with Cooley LLP including Cooley (UK) LLP and Cooley SG LLP* and the respective partners, employees and agents of the foregoing (collectively, “Cooley”) do not endorse or recommend the use of any default values or any document on CooleyGO.com, nor is Cooley expressing any opinion or recommendation of what is, or what should be, a “market” standard document. Deal terms should be negotiated based on your specific circumstances and the relevant documents should be tailored to meet the specific legal and commercial requirements of the contemplated transaction. Additional documents may be required for the contemplated transaction. Cooley assumes no responsibility for the contents of the documents provided on CooleyGO.com or any consequence of your use of any such documents. You are responsible for ensuring that all necessary securities filings and/or other legally required filings, if any, are prepared and filed. You should consult with an attorney licensed to practice in your jurisdiction as well as tax advisors before using or relying on any documents on CooleyGO.com, especially if you don’t understand any of their terms. Review carefully and use at your own risk. No document or information provided on CooleyGO.com constitutes or should be relied upon as legal advice.
*Cooley SG LLP (UEN/Registration No. T19LL1477F) is a licensed foreign law practice registered in Singapore under the Limited Liability Partnerships Act (Chapter 163A) with limited liability.