Raise early money fast, a convertible note is debt that converts to equity at your next priced round, with a discount and/or valuation cap. Generate a free draft.
A Convertible Note lets a startup raise money quickly without fixing a valuation now — it’s a loan that converts into equity at the next priced round, usually with a discount and/or a valuation cap to reward the early investor. It’s popular for early/bridge rounds.
In India, convertible notes have specific regulatory conditions (including for foreign investors). This generator gives a starting draft — get professional support for the actual instrument.
Fill in the details below and generate a ready-to-use draft in seconds, then copy, download or print it.
Both reward early investors: a discount converts their money at a percentage below the next round’s price; a valuation cap sets a maximum valuation at which they convert — whichever is better for them.
A convertible note is debt (with maturity and often interest) that converts to equity; a SAFE is not debt and has no maturity/interest. In India, convertible notes are more established. See our SAFE page.
Yes, including conditions on who can issue them and, for foreign investors, FEMA/RBI requirements. We can advise on compliance for your round.
Typically at your next qualifying priced round, or at maturity if no round happens, then it repays or converts per the agreed terms.