Fundraising & Equity generatorSingapore
SAFE: Simple Agreement for Future Equity (Singapore)
A SAFE adapted for Singapore, under which an investor pays now and receives ordinary or preference shares in the company on a future priced equity round, subject to a valuation cap and/or discount. Structured for a Singapore Pte. Ltd. with ACRA share-allotment mechanics.
What is a SAFE: Simple Agreement for Future Equity?
A SAFE: Simple Agreement for Future Equity (Singapore) is a SAFE adapted for Singapore, under which an investor pays now and receives ordinary or preference shares in the company on a future priced equity round, subject to a valuation cap and/or discount. It is structured for a Singapore Pte. Ltd. with ACRA share-allotment mechanics.
Early-stage Singapore startups (Pte. Ltd.) raising a pre-seed or seed round quickly without setting a valuation, and angel/VC investors funding them. The SAFE converts when the company next raises a priced equity round.
SAFE: Simple Agreement for Future Equity template, current for 2026
Adapted from the YC SAFE for Singapore company law, with share allotment and ACRA lodgement (return of allotment) mechanics, Companies Act 1967 references, no US 'accredited investor'/Reg D framing, and S$ denomination.
How HDAi does this differently
Unlike a static form, HDAi runs a guided interview and assembles your SAFE: Simple Agreement for Future Equity live as you answer. When you want it finished, a licensed Hart David Carson attorney reviews it before you sign and coordinates sign-off by locally admitted counsel where the governing law requires it. The interview and the first draft are automated. The judgment belongs to an attorney.
What you’ll be asked
A short interview in plain language that asks only what this document needs.
- What is the full legal name of the Company? The Singapore private company limited by shares issuing this SAFE. Use the exact registered name as it appears on ACRA/BizFile.
- What is the Company's UEN (Unique Entity Number)? ACRA's registered identifier for the Company. It anchors the parties' identity and appears on the share allotment records.
- What is the Company's registered office address? The Company's registered office in Singapore, used for notices and to identify the entity.
- Who signs for the Company, and in what capacity? The director or authorised officer executing on the Company's behalf. Signature blocks and authority representations reference this person.
- What is the full legal name of the Investor? The person or entity paying the purchase amount and receiving future shares. Use the exact legal name.
- Is the Investor an individual or an entity? Determines how the Investor is described and which signatory/authority language applies.
- What is the Investor's address? Used for notices and to identify the Investor of record.
- If the Investor is an entity, who signs and in what capacity? The authorised signatory for an Investor that is an entity. Leave blank if the Investor is an individual signing personally.
- What is the Purchase Amount (in the stated currency)? The amount the Investor pays now in exchange for the right to future shares. This is the core consideration.
- What currency is the Purchase Amount denominated in? Fixes the currency for the purchase amount and all monetary thresholds in the document.
- What is the effective date of this SAFE? The date the agreement is entered into. Used in the title block and for interpreting timelines.
- On conversion, will the Investor receive ordinary shares or preference shares? Singapore SAFEs can convert into ordinary shares or the preference shares issued in the priced round. Preference shares carry the round's economic and control terms.
- How is the conversion price determined? The central economics of a SAFE. A cap sets a maximum valuation, a discount gives a percentage off the round price, and choosing both means the Investor gets whichever is more favourable.
- What is the Valuation Cap? The maximum company valuation used to calculate the Investor's conversion price, expressed in the chosen currency. A lower cap gives the Investor more shares.
- Is the Valuation Cap a pre-money or post-money figure? Post-money caps fix the Investor's ownership percentage precisely (YC 2.0 mechanics); pre-money caps are diluted by other SAFEs and the round. State which convention applies.
- What is the Discount Rate (as a percentage off the round price)? The percentage discount applied to the priced-round share price. A 20% discount means the Investor pays 80% of the round price. Enter the discount itself rather than the resulting factor.
- What minimum amount raised triggers an automatic conversion (Qualifying Financing)? The size of a bona fide priced equity financing that automatically converts the SAFE. Rounds below this threshold don't force conversion (though optional conversion may apply).
- Has the Company disclosed its current capitalisation (issued shares, options and pool) to the Investor? Feeds the Company's warranty that it has given the Investor a true and complete cap table. A precise post-money cap depends on the pre-round capitalisation, so disclosure matters. Choose 'no' only if the parties will confirm the cap table separately.
- Are there existing SAFEs or convertible instruments already outstanding? Determines the Company's warranty about other convertibles. Prior instruments affect dilution and the post-money cap calculation, and their terms interact with any MFN right.
- Include a Most Favoured Nation (MFN) provision? An MFN lets this Investor adopt more favourable terms the Company later grants to another SAFE investor before the priced round. Common for early, uncapped or bridge SAFEs. If combined with a pro-rata right, both operate independently.
- Grant the Investor a pro-rata (participation) right in the next round? A pro-rata right lets the Investor invest additional money in the priced financing to maintain their as-converted ownership percentage. It is a one-time right, exercised only at the Qualifying Financing.
- Grant the Investor information rights while the SAFE is outstanding? Gives the Investor periodic management accounts and a cash summary, subject to confidentiality. Common for lead angels and funds; often omitted for small cheques.
- Grant the Investor a board observer seat? Adds a non-voting board observer right (with privilege/conflict carve-outs) for the SAFE holder. Usually reserved for lead or strategic investors. Only applies if information rights are granted.
- On a liquidity event (acquisition/IPO) before conversion, what does the Investor receive? If the Company is sold or lists before a priced round, the Investor chooses (or receives) either their money back or a cash-out as if converted at the cap. This is the standard SAFE liquidity mechanic.
- On dissolution, where does the Investor rank for the return of the purchase amount? Sets the Investor's priority in a winding-up: ahead of ordinary shareholders (a contractual claim satisfied out of distributable assets, not a share redemption) or pari passu with them. Ahead-of-ordinary is the standard SAFE position.
- What is the governing law? Singapore law is the natural choice for a Singapore Pte. Ltd. SAFE and aligns with ACRA allotment mechanics.
- How should disputes be resolved? SIAC arbitration is common for Singapore venture deals (confidential, enforceable cross-border) and pairs with the confidentiality clause; Singapore courts are simpler for domestic-only parties.
- Will the Investor represent it is an accredited/institutional investor under the Securities and Futures Act? SAFEs are typically offered under the SFA private-placement / accredited-investor exemptions. Confirming the Investor's status supports the offering exemption relied on.
- Is there a long-stop date after which the Investor may request conversion or repayment if no round has occurred? (optional) An optional backstop. If no qualifying financing, liquidity, or dissolution event happens by this date, the Investor may elect conversion at the cap or lawful repayment. Leave blank for a perpetual SAFE.
Frequently asked
About the SAFE: Simple Agreement for Future Equity and how HDAi works.
What is a SAFE: Simple Agreement for Future Equity (Singapore)? +
A SAFE: Simple Agreement for Future Equity (Singapore) is a SAFE adapted for Singapore, under which an investor pays now and receives ordinary or preference shares in the company on a future priced equity round, subject to a valuation cap and/or discount. It is structured for a Singapore Pte. Ltd. with ACRA share-allotment mechanics. Early-stage Singapore startups (Pte. Ltd.) raising a pre-seed or seed round quickly without setting a valuation use it, as do the angel and VC investors funding them. The SAFE converts when the company next raises a priced equity round.
Is HDAi's SAFE: Simple Agreement for Future Equity (Singapore) legally binding? +
The SAFE: Simple Agreement for Future Equity (Singapore) HDAi generates is a professionally drafted document that becomes binding once it is completed, reviewed, and properly signed. Every HDAi draft can be routed to a Hart David Carson attorney, who reviews the commercial terms from a US-law perspective after a planning call and, because this document is governed by foreign law, coordinates with locally admitted counsel (quoted separately) before you sign.
Do I need a lawyer to use this SAFE: Simple Agreement for Future Equity (Singapore)? +
You can generate and download the SAFE: Simple Agreement for Future Equity (Singapore) in minutes, free of charge. A licensed Hart David Carson attorney can then review it and tailor it to your facts before you sign, which is the part no template can do.
What makes this SAFE: Simple Agreement for Future Equity (Singapore) current for 2026? +
Adapted from the YC SAFE for Singapore company law, with share allotment and ACRA lodgement (return of allotment) mechanics, Companies Act 1967 references, no US 'accredited investor'/Reg D framing, and S$ denomination.
How long does the SAFE: Simple Agreement for Future Equity (Singapore) take? +
Estimated time about 15 min (29 questions), depending on how much you already know. The document assembles as you answer. Export it as PDF or Word, or send it to a Hart David Carson attorney for review.
Does this SAFE: Simple Agreement for Future Equity (Singapore) work in Singapore? +
Yes. This version is drafted for Singapore law and terminology. It is not a relabeled U.S. form. A licensed attorney coordinates with locally admitted counsel where required.
Other jurisdictions
The same document, drafted for another jurisdiction’s law.
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