Case Study: Everfund achieves a Delaware flip and US pre-seed raise with SeedLegals

Everfund - Customer Case Study

Everfund, a developer-tooling startup building a Stripe-style donations product, faced the challenge of re-domiciling and fundraising in the US to attract leading US developer-tooling investors. To complete the necessary Delaware Flip and adapt its corporate structure and fundraising approach, Everfund worked with SeedLegals to navigate the legal and structuring complexities of moving to a US parent and raising in dollars.

Using SeedLegals to manage the Delaware Flip and US fundraise, Everfund successfully flipped and closed an unannounced pre-seed round from top US investors in late 2022, positioning the company as the Stripe alternative for web donations. The move delivered the desired access to US capital and investor appetite, though it required giving up EIS benefits and committing founders to more frequent US engagement—tradeoffs Everfund accounted for with SeedLegals’ support.

Everfund

Will De Ath

Co-founder & CEO