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Deal creation process
What are the different deal stages?
What are the different deal stages?

What flow does your deal go through from creation to completion?

Julien Fissette avatar
Written by Julien Fissette
Updated over a week ago

In Moderation:

  • After you have created a deal, it starts by being moderated by the Roundtable team.

    • If this is your first deal, we will connect with you over the phone to discuss your project, and explain the overall Roundtable process.

    • If this is not your first deal, we will take up to 1 day to review your deal and allow you to share it.

  • Only the Roundtable team can move a deal from "In Moderation" to "Draft"


  • After your deal has been reviewed, it will be in "Draft" stage, allowing you to:

    • finalise the description of your deal

    • start sharing it with your first co-investors


  • Once you have started sharing your deal, it moves to the "Open" stage, where you can:

    • Share the deal with additional co-investors

    • Track & edit commitments

    • Update the deal description, upload documents, etc.

  • Once you have received all commitments, you can move the deal to the "Pre-closing" stage.


  • In this phase, we finalise the identity verification process of all investors (KYC/KYB) and prepare the final version of the legal documentation

  • Only the Roundtable team can move a deal from "Pre-Closing" to "Closing"


  • In the closing phase, the Roundtable team will create the SPV, generate legal documentation, collect signatures from all co-investors, and collect funds.

  • As a Lead Business Angel, you will sign documents on behalf of the SPV to invest in the target.

  • After the investment has been made in the target, the Roundtable team changes the deal status to "Completed"


  • The investment has been made in the target, no action is required from you or your co-investors.


  • The final legal documents has been sent by the target, the process is now full completed.


  • If a liquidity event happens for the SPV (e.g., acquisition of the target company), Roundtable will take care of:

    • the distribution to all co-investors (if applicable)

    • the dissolution of the SPV


  • You can cancel the deal when in the "In moderation" or "Open" stages, by clicking on the 3 dots button, then "Cancel deal".

  • In this case, your deal status will change to "Canceled", and all members invited to the deal will be notified.

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