We invest 120.000€ in the form of a convertible security, with up to €64,000 in accelerator services. The deal is very similar to the American SAFE. It involves limited paperwork and legal fees and no upfront equity transfer. This will be happening upon raising the first qualifying round.
After completion of the Next Age Accelerator Program, SOSV CAN select CERTAIN startups and invest 150,000€ (110,000€ in cash, 40,000€ in program fee) in the form of a convertible security. The startup will then enter the SOSV Orbit Startups Program which is remote and will continue to scale and accelerate its growth and business globally.