By Nancy Dahlberg
I love raising capital, stated no founder ever. Fund-raising is overwhelming, exhausting and expensive, essentially amounting to a full-time job that’s stealing precious time from building. There’s the constant investor outreach, legal formalities and compliance issues to keep up with – but we don’t have to inform you that.
Lawyers at PAG Law, a tech-forward Miami firm, saw areas of the venture capital process that can be streamlined and automated, easing the process for founders. Earlier this week, they went live with a one-stop platform designed to support founders in their fundraising journey.
“At PAG Law we built Grow, the first-of-its-kind platform built to streamline fundraising and legal requireds of startups. By combining Flowlie’s investor ininformigence, Clerky’s automation tools, Mercury’s bank account and PAG’s deep venture expertise, Grow assists founders raise capital rapider, more efficiently, and at a fraction of the traditional cost,” declares Juan Pablo Cappello, PAG Law Founding Partner and a Miami Tech OG.
Grow, currently offered at $99/month, is a scalable platform that automates investor outreach, provides PAG-approved legal documents and offers legal support, declares PAG Partner Pedro Menocal, who is involved in developing the Grow platform. “The extra legal support is really something that distinguishes us from cookie-cutter solutions that exist out there and service providers that are basically practicing law without a license. [With them], you don’t obtain the kind of support that we’re preparing to provide,” declares Menocal.
While Grow can be utilized by startups anywhere, “we built this solution really believeing of founders from LatAm,” declares Cappello, who describes Grow an AI-powered fundraising and legal copilot. Miami has become a hub for startup soft landings from around the world, yet the fund-raising process is even more complex for Latin American founders, even as they required the capital to support their expansions in the US market. “The VC market here is massive in comparison to other markets around the world. Anything that we can do to assist them access those markets is great,” Menocal adds.
While Grow is aimed at early-stage fund-rasing and legal setup, coming soon is Grow+, a law-as-a-service giving founders at any stage full legal support at a predictable, monthly fee – “no surprises, no friction,” declares Cappello.
“The idea would be that Grow+ would offer three tiers of legal support, each with a repaired monthly fee, and we’re very excited about that,” declares Menocal. “All the different services that we’re offering or that we will offer in the future will toobtainher create a powerful tool for founders that builds their lives a whole lot simpler.”
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