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A Pre-seed Angel investment agreement lets early-stage Belgian startups secure their first round of funding from individual investors, typically before venture capital firms get involved. These contracts outline how much money the angel investor will provide, what percentage of company ownership they'll receive, and their role in the business going forward.

Under Belgian corporate law, these agreements must specify key valuation terms, governance rights, and anti-dilution protections. They're simpler than formal venture capital deals but still need to comply with Belgian Financial Services and Markets Authority (FSMA) regulations, especially around investor accreditation and disclosure requirements.

Use a Pre-seed Angel investment agreement when your Belgian startup needs its first significant capital injection, typically between €25,000 and €250,000. This agreement becomes essential once you've moved beyond friends-and-family funding but aren't yet ready for institutional venture capital.

The timing is crucial when you need quick access to funds while maintaining operational flexibility. Belgian entrepreneurs often implement these agreements during product development or market validation phases, particularly when seeking strategic investors who bring both capital and industry expertise. The agreement safeguards both parties' interests while complying with FSMA regulations on private investment structures.

• Equity-Based Agreements: Standard Pre-seed Angel investment agreements offering direct company shares, usually with voting rights and board representation
• Convertible Notes: More flexible arrangements where the investment starts as a loan but converts to equity at specific trigger events
• SAFE Agreements: Simplified agreements that postpone company valuation until a future funding round while guaranteeing investor rights
• Participation Agreements: Belgian-specific structures using profit-sharing certificates instead of direct equity
• Hybrid Structures: Combinations of equity and convertible instruments, often used when dealing with multiple angel investors

• Startup Founders: Tech entrepreneurs and early-stage company leaders who need capital to develop their product or expand operations
• Angel Investors: High-net-worth individuals, often successful entrepreneurs themselves, who provide capital and strategic guidance
• Corporate Lawyers: Belgian business attorneys who draft and review the agreements to ensure FSMA compliance
• Financial Advisors: Professionals who help structure the deal terms and validate company valuations
• Company Directors: Board members who must approve the investment terms and subsequent governance changes

• Company Details: Gather current capitalization table, financial statements, and business plan showing growth projections
• Investment Terms: Define investment amount, valuation, equity percentage, and any special rights or protections
• Due Diligence: Compile corporate documents, intellectual property records, and existing contracts
• Investor Profile: Document investor accreditation status and compliance with Belgian FSMA requirements
• Governance Structure: Outline board composition, voting rights, and decision-making processes post-investment
• Exit Strategy: Detail potential exit scenarios, tag-along rights, and future funding round provisions

• Parties and Roles: Full legal names, addresses, and registration details of startup and investor
• Investment Terms: Precise amount, valuation, share class, and payment schedule
• Anti-dilution Rights: Protection mechanisms for future funding rounds under Belgian corporate law
• Information Rights: Investor access to financial reports and strategic decisions
• Tag-along Rights: Exit provisions compliant with Belgian M&A regulations
• Representations: Company warranties and investor accreditation statements
• Governing Law: Explicit reference to Belgian jurisdiction and dispute resolution procedures

While both documents handle early-stage investments, a Pre-seed Angel investment agreement differs significantly from a Seed investment agreement in several key aspects under Belgian law.

• Investment Size: Pre-seed typically involves smaller amounts (€25,000-250,000) from individual investors, while seed rounds often exceed €500,000 and involve institutional investors
• Documentation Complexity: Pre-seed agreements are more streamlined, focusing on basic investment terms and governance, while seed agreements include detailed investor rights and complex protective provisions
• Valuation Approach: Pre-seed often uses simplified valuation methods or convertible instruments, whereas seed rounds require comprehensive company valuations
• Investor Rights: Pre-seed agreements typically grant basic information rights, while seed agreements include detailed control and veto rights over company decisions