An Advanced Subscription Agreement (ASA) gives investors the opportunity to pay upfront for shares that will be issued at a future funding round or after 6 months (whichever is sooner). It is faster and more flexible than a priced equity round and will usually qualify for SEIS and EIS. In the US, the equivalent instrument is the SAFE (Simple Agreement for Future Equity), which operates on similar principles but is designed for US law. We advise on both and draft clear, enforceable agreements that protect founders and investors alike.
