Venture Capital & Fundraising Legal Structuring

d&a partners' Corporate department provides comprehensive legal structuring and advisory for French and foreign companies implementing fundraising strategies in blockchain and Web3 ecosystems. The firm has developed leading expertise in structuring complex transactions for tech companies operating in highly regulated environments.

Fundraising Transaction Expertise

The team regularly handles venture capital transactions across equity, token, or hybrid transactional contexts. This includes sophisticated structuring combining multiple instruments via SAFEs (BSA-AIR), SAFTs (Simple Agreements for Future Tokens), token warrants, share warrants, BSA ratchet, and convertible bonds. Each structure is tailored to the regulatory requirements and commercial objectives of Web3 companies navigating both traditional securities law and emerging crypto-asset regulations.

Transaction Documentation & Negotiation

The firm drafts and negotiates all fundraising documentation including term sheets, investment protocols, shareholders' agreements, governance structures, complex securities issuance documentation, and both traditional management profit-sharing schemes (AGA, BSPCE, BSA) and innovative token-based profit sharing mechanisms. This comprehensive approach ensures alignment between investors, founders, and employees throughout the capital raising lifecycle.

Investment Vehicle Structuring

Specialized expertise in structuring non-regulated investment vehicles such as "Other FIAs" (Autres FIAs), which intersects corporate and investment fund law. This reflects deep understanding of both traditional venture capital mechanisms and Web3-native investment structures, enabling clients to access optimal fundraising architectures whether raising through equity, tokens, or hybrid instruments.

Why Choose d&a partners

With support for 40% of French ICOs approved by the AMF and extensive DASP registration experience, d&a partners combines legal precision with strategic insight honed across dozens of successful fundraising transactions. The firm's multidisciplinary approach ensures fundraising structures are optimized for both regulatory compliance under MiCA and commercial success in the rapidly evolving Web3 ecosystem.