https://outlex.ai/assets/FundraisingGuidePage-SvP1SPfR.js

1import{j as e}from"./vendor-ui-DqrT7ivS.js";import{L as c}from"./vendor-react-BpZr7VyV.js";import{w as j,x as y,R as N,az as A,S,N as w,j as F,A as E,F as q}from"./index-DG80r866.js";import{B as P}from"./Breadcrumbs-BOzwqHz9.js";import{u as k}from"./useBlogPosts-DgOdC3Vw.js";import{u as T}from"./useLocalizedPath-DNtvwjtw.js";import{u as C}from"./useContentEngaged-B-LBVIJb.js";import{A as I,a as D,b as G,c as O}from"./accordion-GDXbiQju.js";import{E as R}from"./Eyebrow-BpFJelWo.js";import{C as U}from"./CTABookend-Bf5bbaav.js";import"./vendor-query-B9-38d5Q.js";import"./chevron-right-zlizH079.js";import"./client-CMrlpGp7.js";import"./useTrialFirstCtas-C2vgQzld.js";const l="/assets/fundraising-guide-Eh9TbqH0.webp",L="/assets/fundraising-guide-mobile-S0lrYvtH.webp",ee=()=>{const{t,i18n:m}=j("pages"),{getPath:o}=T(),{canonical:n,alternateLanguages:u}=y("/fundraising-legal-guide"),{posts:x}=k(),a=m.language==="pt-PT";C({contentType:"resource_page",contentTitle:"Fundraising Legal Guide",contentCategory:"fundraising"});const p=["due-diligence-checklist-vc-docs","cap-table-hygiene-series-a","24-hour-term-sheet-review","option-pool-shuffle","founder-vesting-schedule-cofounder-agreement","founders-agreement-checklist-europe"],i=x.filter(s=>p.includes(s.slug)),d=[{question:a?"Que documentos jurídicos preciso para uma ronda Pre-Seed?":"What legal documents do I need for a Pre-Seed round?",answer:a?"A documentação depende da jurisdição, estrutura da empresa e instrumento escolhido. Pode incluir acordos de fundadores com vesting, cap table atualizada, documentação do investimento, NDA e atribuição de propriedade intelectual.":"The documents depend on the jurisdiction, company structure, and instrument selected. They may include founder agreements with vesting, an updated cap table, investment documents, an NDA, and intellectual-property assignments."},{question:a?"Qual é a diferença entre SAFE e nota convertível?":"What's the difference between a SAFE and a convertible note?",answer:a?"Um SAFE e uma nota convertível são instrumentos diferentes e o tratamento jurídico, fiscal e contabilístico depende da jurisdição e dos termos. Compara conversão, maturidade, juros, desconto, valuation cap e direitos do investidor com apoio qualificado.":"A SAFE and a convertible note are different instruments, and their legal, tax, and accounting treatment depends on the jurisdiction and terms. Compare conversion, maturity, interest, discount, valuation cap, and investor rights with qualified support."},{question:a?"Quanto custa contratar um advogado para uma ronda Seed?":"How much does it cost to hire a lawyer for a Seed round?",answer:a?"Honorários legais para uma ronda Seed na Europa variam entre €5.000-€25.000. Ferramentas de IA como a Outlex podem reduzir estes custos em 50-70%.":"Legal fees for a Seed round in Europe range from €5,000-€25,000. AI tools like Outlex can reduce these costs by 50-70%."},{question:a?"O que é o 'option pool shuffle'?":"What is the 'option pool shuffle'?",answer:a?"Acontece quando investidores exigem que o pool seja criado da avaliação pre-money, diluindo os fundadores. Negocie sempre o tamanho e se é pre ou post-money.":"It happens when investors require the option pool to be created from the pre-money valuation, diluting founders. Always negotiate the pool size and whether it's pre or post-money."},{question:a?"Preciso de um advogado para rever uma term sheet?":"Do I need a lawyer to review a term sheet?",answer:a?"Sim, altamente recomendado. Term sheets contêm cláusulas críticas sobre liquidação, anti-diluição e c

1omposição do board que impactam o controlo e upside da sua equipa.":"Yes, highly recommended. Term sheets contain critical clauses on liquidation preferences, anti-dilution, and board composition that impact your control and upside."},{question:a?"Qual é o timeline típico para fechar uma ronda?":"What's the typical timeline to close a funding round?",answer:a?"Uma ronda típica demora 3-6 meses: 1-2 meses de preparação, 1-2 meses de pitching e due diligence, 2-4 semanas para negociação e fecho.":"A typical round takes 3-6 months: 1-2 months of preparation, 1-2 months of pitching and due diligence, 2-4 weeks for negotiation and closing."}],g=[{stage:"Pre-Seed",amount:"€50K-€500K",docs:a?["Acordos de fundadores","Cap table atualizada","SAFE / Nota convertível","Cessão de PI (IP Assignment)"]:["Founder agreements","Updated cap table","SAFE / Convertible note","IP Assignment"]},{stage:"Seed",amount:"€500K-€3M",docs:a?["Term sheet auditada","Acordo de Acionistas (SHA)","Documentação de due diligence","Data room completo"]:["Audited term sheet","Shareholders Agreement (SHA)","Due diligence documentation","Complete data room"]},{stage:"Series A",amount:"€3M-€15M",docs:a?["Term sheet detalhado","Acordo de Subscrição (SPA)","Direitos de board","Pool de opções formal (ESOP)"]:["Detailed term sheet","Subscription Agreement (SPA)","Board rights","Formal option pool (ESOP)"]}],h=N([{name:"Home",url:"https://outlex.ai"},{name:a?"Guia de Fundraising":"Fundraising Guide",url:`https://outlex.ai${n}`}]),f=A(d),b={"@context":"https://schema.org","@graph":[h,f]};return e.jsxs("div",{className:"ox-site ox-grain batch4-resource-page batch4-guide-page",children:[e.jsx(S,{title:t("fundraisingGuide.seo.title","Fundraising Legal Guide for European Companies | Outlex"),description:t("fundraisingGuide.seo.description","Complete legal guide for company fundraising — documents, term sheets, due diligence, and more."),canonical:n,alternateLanguages:u,structuredData:b,preloadImages:[{href:L,media:"(max-width: 640px)",type:"image/webp",fetchPriority:"high"},{href:l,media:"(min-width: 641px)",type:"image/webp",fetchPriority:"high"}]}),e.jsx(w,{}),e.jsxs("main",{id:"main-content",children:[e.jsxs("section",{className:"relative isolation-auto min-h-[500px] flex items-center pt-[130px] pb-16 px-6 overflow-hidden",children:[e.jsxs("div",{className:"absolute inset-0 -z-10 overflow-hidden bg-[var(--ox-bg)]",children:[e.jsx("div",{className:"absolute inset-0 bg-cover bg-no-repeat filter saturate-[1.02] contrast-[1.03]",style:{backgroundImage:`url(${l})`,backgroundPosition:"right 44%"}}),e.jsx("div",{className:"absolute inset-0 pointer-events-none",style:{background:"linear-gradient(90deg, var(--ox-bg) 0%, var(--ox-bg) 44%, color-mix(in oklch, var(--ox-bg) 92%, transparent) 54%, color-mix(in oklch, var(--ox-bg) 35%, transparent) 75%, transparent 100%), linear-gradient(180deg, color-mix(in oklch, var(--ox-bg) 40%, transparent) 0%, transparent 35%, color-mix(in oklch, var(--ox-bg) 65%, transparent) 100%)"}})]}),e.jsxs("div",{className:"max-w-4xl mx-auto w-full relative z-10",children:[e.jsx(P,{items:[{label:a?"Aprender":"Learn",href:o("/guides")},{label:a?"Guia de Fundraising":"Fundraising Guide"}]}),e.jsxs("div",{className:"mt-6 max-w-[620px]",children:[e.jsx(R,{label:a?"GUIA DE FUNDRAISING":"FUNDRAISING GUIDE"}),e.jsx("h1",{className:"ox-display text-[40px] md:text-[54px] font-normal leading-[1.04] text-[var(--ox-fg-primary)] mt-3 mb-5",children:a?e.jsxs(e.Fragment,{children:["Guia jurídico de fundraising para ",e.jsx("em",{children:"empresas europeias"})]}):e.jsxs(e.Fragment,{children:["Fundraising legal guide for ",e.jsx("em",{children:"European startups"})]})}),e.jsx("p",{className:"text-[17px] text-[var(--ox-fg-secondary)] leading-relaxed mb-8",children:a?"Fundraising requer documentação legal precisa. Os erros mais comuns custam aos fundadores 10-30% de diluição desnecessária. Este guia ajuda a sua empresa a evitá-los.":"Fundraising requires precise legal documentation. The most common legal mistakes cost founders 10-30% in unnecessary dilution. This guide helps you avoid them."}),e.jsxs("div",{className:"flex flex-wrap gap-3",children:[e.jsx("a",{href:"#funding-stages",className:"ox-button ox-button-primary ox-button-lg",children:a?"Ver documentos por fase":"Explore stages & documents"}),e.jsx(c,{to:o("/pricing"),className:"ox-button ox-button-secondary ox-button-lg",children:a?"Ver preços":"See pricing"})]}),e.jsx("div",{className:"mt-4 text-[11px] font-mono text-[var(--ox-fg-muted)] tracking-wider",children:a?"Sem cartão de crédito · Sete dias grátis":"No credit card required · Seven-day free trial"})]})]})]}),e.jsx("div",{className:"ox-horizon-divider","aria-hidden":"true"}),e.jsx("section",{id:"funding-stages",className:"py-16 px-6 bg-[var(--ox-surface-0)]",children:e.jsxs("div",{className:"max-w-4xl mx-auto",children:[e.jsxs("div",{className:"mb-10",children:[e.jsxs("span",{className:"ox-eyebrow",children:[e.jsx("i",{})," ",a?"ESTRUTURA DE RONDA":"ROUND ARCHITECTURE"]}),e.jsx("h2",{className:"ox-display text-[32px] font-normal text-[var(--ox-fg-primary)] mt-2",children:a?e.jsxs(e.Fragment,{children:["Documentos necessários ",e.jsx("em",{children:"por fase"})]}):e.jsxs(e.Fragment,{children:["Required documents ",e.jsx("em",{children:"by stage"})]})})]}),e.jsx("div",{className:"grid sm:grid-cols-3 gap-6",children:g.map(s=>e.jsxs("article",{className:"ox-card p-6 rounded-2xl border border-[var(--ox-border-subtle)] bg-[var(--ox-surface-1)] flex flex-col justify-between",children:[e.jsxs("div",{children:[e.jsxs("div",{className:"flex items-center justify-between gap-3 mb-4 pb-3 border-b border-[var(--ox-border-subtle)]",children:[e.jsx("h3",{className:"ox-display text-[22px] font-normal text-[var(--ox-fg-primary)] m-0",children:s.stage}),e.jsx("span",{className:"font-mono text-[12px] text-[var(--ox-sage-400)] font-semibold",children:s.amount})]}),e.jsx("ul",{className:"space-y-2.5 p-0 m-0 list-none",children:s.docs.map((r,v)=>e.jsxs("li",{className:"flex items-start gap-2.5 text-[13.5px] text-[var(--ox-fg-secondary)]",children:[e.jsx(F,{className:"w-4 h-4 text-[var(--ox-sage-400)] shrink-0 mt-0.5","aria-hidden":"true"}),e.jsx("span",{children:r})]},v))})]}),e.jsx("div",{className:"mt-6 pt-4 border-t border-[var(--ox-border-subtle)] text-[11px] font-mono text-[var(--ox-fg-muted)]",children:s.stage==="Pre-Seed"?a?"CSC Art. 10.º":"Companies Code Art. 10":s.stage==="Seed"?a?"Term Sheet Fixada":"Term Sheet Lock":a?"Governação de ESOP":"ESOP Governance"})]},s.stage))})]})}),e.jsx("section",{className:"py-16 px-6 bg-[var(--ox-bg)] border-t border-[var(--ox-border-subtle)]",children:e.jsxs("div",{className:"max-w-3xl mx-auto",children:[e.jsxs("div",{className:"mb-10",children:[e.jsxs("span",{className:"ox-eyebrow",children:[e.jsx("i",{})," FAQ"]}),e.jsx("h2",{className:"ox-display text-[32px] font-normal text-[var(--ox-fg-primary)] mt-2",children:a?e.jsxs(e.Fragment,{children:["Perguntas frequentes de ",e.jsx("em",{children:"fundraising"})]}):e.jsxs(e.Fragment,{children:["Frequently asked ",e.jsx("em",{children:"financing questions"})]})})]}

1),e.jsx(I,{type:"single",collapsible:!0,className:"space-y-0 border-t border-[var(--ox-border-subtle)]",children:d.map((s,r)=>e.jsxs(D,{value:`item-${r}`,className:"border-b border-[var(--ox-border-subtle)]",children:[e.jsx(G,{className:"font-sans font-medium text-[15.5px] text-[var(--ox-fg-primary)] py-5 hover:no-underline text-left",children:s.question}),e.jsx(O,{className:"font-sans text-[14.5px] text-[var(--ox-fg-secondary)] leading-[1.7] pb-5",children:s.answer})]},r))})]})}),i.length>0&&e.jsx("section",{className:"py-16 px-6 bg-[var(--ox-surface-0)] border-t border-[var(--ox-border-subtle)]",children:e.jsxs("div",{className:"max-w-4xl mx-auto",children:[e.jsx("div",{className:"mb-8",children:e.jsx("h2",{className:"ox-display text-[26px] font-normal text-[var(--ox-fg-primary)]",children:a?"Artigos e análises recomendadas":"Related fundraising articles"})}),e.jsx("div",{className:"space-y-3",children:i.map(s=>e.jsxs(c,{to:o(`/blog/${s.slug}`),className:"flex items-center gap-4 bg-[var(--ox-surface-1)] p-5 rounded-xl border border-[var(--ox-border-subtle)] hover:border-[var(--ox-border)] transition-colors group no-underline",children:[e.jsxs("div",{className:"flex-1 min-w-0",children:[e.jsx("p",{className:"font-sans font-medium text-[15px] text-[var(--ox-fg-primary)] truncate m-0",children:s.title}),e.jsxs("p",{className:"font-sans text-[13px] text-[var(--ox-fg-muted)] mt-1 mb-0",children:[s.readTime," min read"]})]}),e.jsx(E,{className:"w-4 h-4 text-[var(--ox-fg-muted)] group-hover:text-[var(--ox-fg-primary)] transition-colors shrink-0"})]},s.slug))})]})})]}),e.jsx(U,{trialFirstLocation:"fundraising_guide_bookend",headline:a?'Feche a sua ronda com <em class="headline-accent text-warm-sage">confiança.</em>':'Raise your round with <em class="headline-accent text-warm-sage">confidence.</em>',subline:a?"A Outlex trata da documentação jurídica para que a sua equipa se possa focar no crescimento.":"Outlex handles the legal documentation so your team can focus on growth."}),e.jsx(q,{})]})};export{ee as default};