Venture Capital & Token Financing

d&a partners provides expert legal services for Web3 capital raising and investment transactions, combining deep expertise in both traditional venture capital and novel token-based fundraising mechanisms.

Venture Capital Transactions

The firm regularly handles venture capital transactions across equity, token, or hybrid transactional contexts, often combining multiple instruments via SAFEs (BSA-AIR), Simple Agreements for Future Tokens (SAFTs), or token warrants. This includes drafting and negotiating term sheets, investment protocols, shareholders' agreements, and issuance of complex securities including share warrants, SAFEs, BSA ratchet, and convertible bonds.

Token Sale & ICO Documentation

The Regulatory department advises clients on structuring complex and regulated transactions including token offerings (ICOs), handling drafting and negotiation of documentation including Whitepapers and Terms & Conditions. Notably, d&a partners has supported 40% of French ICOs that obtained the visa of the Autorité des marchés financiers under the Pacte law, demonstrating exceptional expertise in navigating French crypto regulatory frameworks.

Hybrid Financing Structures

The firm specializes in innovative fundraising structures that combine equity and token instruments, ensuring optimal capital structure while maintaining regulatory compliance across multiple jurisdictions. This includes structuring SAFTs with equity side letters, token warrants accompanying traditional equity rounds, and multi-stage financing involving both fiat and crypto-asset investments.

Why Choose d&a partners

As one of France's leading blockchain law firms (ranked Leading Law Firm in Blockchain by Leaders Leagues for three consecutive years), d&a partners brings unparalleled expertise in structuring complex Web3 fundraising transactions that traditional law firms cannot match.