Singapore is fast emerging as a buoyant regional hub for start-ups to set up, with a significant increase in the number of venture capital investments over the past years. To facilitate venture capital investments in Singapore and the region, the Singapore Academy of Law’s Promotion of Singapore Law Committee and the Singapore Venture Capital & Private Equity Association have jointly developed the Venture Capital Investment Model Agreements (“VIMA”). The VIMA comprise a suite of transactional documents that can be used by entrepreneurs and investors to raise early-stage financing more efficiently. Specifically, they set a market benchmark and have been drafted with a balanced approach to enable parties in the financing round to reach common ground more quickly.
This seminar will introduce the VIMA, touch on its key features and benefits, including how a VC deal is typically structured and put together. Concepts covered in the VIMA will also be relevant to those interested in corporate M&A as they provide a good foundational overview of what to expect in such transactions. This informative session will be presented by lawyers from Allen & Gledhill, Clifford Chance and WongPartnership, who were members of the working group involved in the drafting of the VIMA, followed by a Q&A session.