SAFE-style note
A convertible without the debt: the investor pays now and receives shares at the next priced round, with no interest and no maturity date. Typical amount: typically €50k–1M (no interest; conversion discount 10–25% and/or valuation cap).
Facts last verified 23.7.2026
A convertible without the debt: the investor pays now and receives shares at the next priced round, with no interest and no maturity date. In Finland it is typically implemented as an investment into the unrestricted equity reserve (SVOP) against future shares.
Key facts
- Provider: Investors (angels & pre-seed funds)
- Type: Equity
- Typical amount: typically €50k–1M
- Rate / terms: no interest; conversion discount 10–25% and/or valuation cap
- Legal basis: Market terms
- Who it is for: Micro to small companies · R&D, international growth, starting up
How to apply
There is no application form here — this is a negotiation. Banks assess repayment ability and collateral: bring up-to-date financials, a cash-flow forecast, and a clear use of funds. Investors assess the growth story: bring evidence of traction and a defensible view of the market.
Competition works in your favour. Terms for loans, leasing, factoring and investment vary widely between providers, and a second offer is the strongest negotiating tool there is.
Public instruments often stack with market financing — a Finnvera guarantee can turn a bank's no into a yes, and a grant-funded project makes the investor case stronger.
Frequently asked questions
How much funding does SAFE-style note provide?
Typical amount: typically €50k–1M. Support level / terms: no interest; conversion discount 10–25% and/or valuation cap.
Who can apply for SAFE-style note?
Provider: Investors (angels & pre-seed funds). Company size: micro, small. Typical use: R&D, international growth, starting up.
On what legal basis is SAFE-style note granted?
Market terms.
Indicative screening information, not advice. Amounts and rules change, so confirm the current terms and eligibility with the provider before you rely on them.
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