Digital Execution Of Venture Capital Transactions

The formal requirements under Austrian law for the execution of all kinds of contracts and ancillary transaction documents are notoriously strict. For many years this was perceived as a burden in the fast-moving venture capital community, due to the time and expense involved in coordinating compliance. While the need for notarial services has not changed, recent technological developments have made it easier to execute VC transactions, slowly rendering documents signed in wet ink a thing of the past.

Digital notarial services

There is hardly a step in a venture capital financing round in Austria that does not need to comply with specific formal requirements. Investment and shareholder agreements must be executed as a notarial deed in most cases. The same applies to subscription declarations. Filings with commercial register courts require notarised signatures and minutes of shareholder meetings for the resolution on the capital increase need to be recorded by