What is a rolling close and how does it work with beel?
Bring on investors one by one as soon as they are ready, without waiting for the last investor in a round.
In a rolling close, you close investments one by one as soon as an investor is ready, instead of closing all investors together on a single date. With beel, this works through profit participation rights: each investor receives their own private offer, and there is no notary appointment per investment.
How does a rolling close work with beel?
- One shareholder resolution: All shareholders approve the issuance of profit participation rights once and set the maximum number for the next five years (more on the shareholder resolution).
- One private offer per investor: You set the investment amount or range, the price per profit participation right and how long the offer is valid (How do I create a private offer?).
- Sign and transfer: The investor signs digitally and transfers the amount. Once the money has arrived, you confirm receipt and the profit participation rights are issued. You stay in full control.
- Next investor: For each further investor, you create a new offer, at any time and without waiting for other investors.
What does a rolling close give you?
- No waiting for the last investor: Every euro goes directly to the company's account. There is no minimum amount and no all-or-nothing principle (Is there a minimum amount?).
- Terms per offer: You set the price per profit participation right for each offer, so you can adjust the valuation over time.
- No notary per investment: There is no notary appointment and no commercial register entry per investment. Closing takes days rather than weeks.
What should you keep in mind?
- Private fundraise rules: If you raise more than €12 million within twelve months, you may send no more than 149 offers. You may not communicate specific terms publicly (What rules apply to a private fundraise?).
- Maximum number in the shareholder resolution: You can issue as many profit participation rights as the resolution allows. If the number is not enough, you pass a new resolution.
- Professional package: Profit participation rights are available in the Professional package.