Case Study: 2iC-Care closes £990k funding round in 62 days with SeedLegals

2iC-Care closes £990k deal in just 2 months using top-up funding

2iC-Care, a software company providing a monitoring platform for elderly care, needed to close a funding round quickly to strengthen its financial position and prepare for rapid growth. Their challenge was the slow, time-consuming nature of traditional fundraising, which burns through cash and delays progress. They turned to vendor SeedLegals to use its platform for managing their investment round.

Using SeedLegals, 2iC-Care implemented a top-up funding round, leveraging the platform's speed, ready-to-go legal templates, and expertise with EIS tax relief schemes. The solution significantly reduced legal back-and-forth and saved substantial time. As a result, 2iC-Care successfully closed a £990,000 deal in just 62 days, saving thousands in legal fees and positioning the company ahead of schedule for its launch and future hiring plans.

2iC-Care

Rickard Keyse

CEO and Founder