SAFE: Valuation Cap, No Discount (Singapore) by Y Combinator

Updated 17 October 2025

This document is a Simple Agreement for Future Equity (SAFE), designed for early-stage companies to raise capital from investors. It grants the investor the right to receive equity in the company at a future date, typically upon an equity financing round or a liquidity event, under predefined terms and a valuation cap. The agreement outlines conversion mechanics, liquidation priorities, and specific definitions for key financial and corporate events.

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About this template

What is this template?

SAFE: Valuation Cap, No Discount (Singapore) by Y Combinator is a free, ready-to-use Pre-Seed & Seed Funding template you can open, customize, and download on GitLaw. It gives you a professionally structured starting point, so you never have to draft from a blank page. The wording is plain and modern, organized into clear sections that are easy to read, edit, and adapt to your own situation before you share or sign it.

When should you use it?

Reach for this Pre-Seed & Seed Funding template whenever you need a reliable agreement quickly and want to be sure the essentials are covered. It suits individuals, freelancers, startups, and established businesses alike. Instead of paying for a document drafted from scratch, you can start here, tailor the details to your arrangement, and have a polished draft ready in minutes. This version is drafted with United States of America and Singapore in mind, though you should always review the final wording against the laws that apply to you.

What's typically included?

A well-drafted Pre-Seed & Seed Funding usually sets out the parties involved, the scope of the agreement, and each side's rights and responsibilities. Expect sections covering key terms and definitions, how long the agreement lasts, how it can be ended, and what happens if something goes wrong. This template brings those building blocks together in a sensible order, so you can focus on the specifics rather than worrying about what to include. Open it to read the full document, then sign up to edit, negotiate, and e-sign it directly in GitLaw.

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