Subscription agreement for Kiwi companies

Published on
May 28, 2020
min read
Written by

AirTree VC is one of the largest VC funds in ANZ, investing Aussie and Kiwi founders. We have $0.6bn under management and 75+ companies in our portfolio, including breakout success stories like CanvaSecure Code WarriorA Cloud Guru and Pet Circle.

We typically partner with teams in their first funding round and support them over multiple rounds during their company journey. So we know that when it’s your first time launching a company, there are one million +1 things you need to get up to speed with, fast. And when you start fundraising, that list just gets longer.

To help out where we can, we’ve open-sourced loads of the resources you might need when working with a typical VC — from how our investment process works to what our seed-stage term sheet looks like.

Knowledge is power!

We know the legal stuff can often be the murkiest, so we’ve also shared more about what the legal DD process looks like, and if you’re based in Australia, the standard docs you may need to work through when closing out your seed round.

Given we invest in both Aussie and Kiwi founders, we wanted to make sure that the important docs worked for founders in NZ too!

We're open-sourcing our: New Zealand Subscription Agreement. This is one of the documents used to help formalise the non-binding term sheet. It typically sets out the mechanics of the investment and includes company (and sometimes founder) warranties.

AirTree Ventures entities listed below are corporate authorised representatives (CAR) of Boutique Capital Pty Ltd (BCPL) AFSL 508011.

CAR has taken all reasonable care in producing all the information contained in the website including but not limited to reports, tables, maps, diagrams and photographs.

However, CAR will not be responsible for loss or damage arising from the use of this information. The contents of this website should not be used as a substitute for detailed investigations or analysis on any issues or questions the reader wishes to have answered.

You may download the information for your own personal use or to inform others about our materials, but you may not reproduce or modify it without our express permission.

To the extent to which this website contains advice it is general advice only and has been prepared by the Company for individuals identified as wholesale investors for the purposes of providing a financial product or financial service, under Section 761G or Section 761GA of the Corporations Act 2001 (Cth).

The information in this website is not intended to be relied upon as advice to investors or potential investors and has been prepared without taking into account personal investment objectives, financial circumstances or particular needs. Recipients of this information are advised to consult their own professional advisers about legal, tax, financial or other matters relevant to the suitability of this information.

Any investment(s) summarised in this website is subject to known and unknown risks, some of which are beyond the control of CAR and their directors, employees, advisers or agents. CAR does not guarantee any particular rate of return or the performance, nor does CAR and its directors personally guarantee the repayment of capital or any particular tax treatment. Past performance is not indicative of future performance.

All investments carry some level of risk, and there is typically a direct relationship between risk and return. We describe what steps we take to mitigate risk (where possible) in the investment documentation, which must be read prior to investing. It is important to note risk cannot be mitigated completely.

Whilst the contents of this website is based on information from sources which CAR considers reliable, its accuracy and completeness cannot be guaranteed. Data is not necessarily audited or independently verified. Any opinions reflect CAR’s judgment at this date and are subject to change. CAR has no obligation to provide revised assessments in the event of changed circumstances. To the extent permitted by law, BCPL, CAR and their directors and employees do not accept any liability for the results of any actions taken or not taken on the basis of information in this website, or for any negligent misstatements, errors or omissions.

AirTree Ventures 2021 Trustco Pty Ltd ACN 652 901 409 CAR Number 1293641, AirTree Ventures Opportunity Fund 2019 Trustco Pty Ltd ACN 633 454 467 CAR Number 1293645, AirTree Ventures Opportunity Fund 2021 Trustco Pty Ltd ACN 652 901 043 CAR Number 1293642, AirTree Ventures Opportunity Fund Trustco Pty Limited ACN 609 594 881 CAR Number 1293643.