Convertible Loans

Set up your convertible loan in Switzerland

Your trusted advisors for seed financing, bridge rounds and convertible instruments.

Switzerland's largest law firm focused on tech companies
CLA delivered in 48 hours — fast, flat-fee setup
Proven track record in seed, pre-seed & bridge rounds
Transparent pricing — flat fee CHF 2'000 (excl. VAT)
Swiss CLA, SAFE & SAFT — all structures covered
Trusted by 1000+ clients
Trusted by 1'500+ tech companies & investors
Michele Vitali
"No two funding rounds are the same — book your free call and walk away knowing exactly what you need."

Michele Vitali · Partner @ LEXR  ·  Book your free call →

Trusted by founders on every round

Reto Wälchli
Through the recommendation of another startup founder, we came across LEXR. Michele and the corporate team guided us through the entire process of the financing round. When we write an email, we receive a reply in no time, and time is taken to explain legally complex issues in a simple and understandable way.
Reto Wälchli
Co-Founder & CEO, Alpine White
Fabian Staub
Working with Michele and the LEXR team on our recent financing round was an outstanding experience. Michele’s deep legal expertise and tailored approach made the complex processes clear and manageable. The team’s professionalism and responsiveness were exceptional, ensuring a smooth and successful transaction. What really set LEXR apart was their personal touch. They were always available, accommodating, and genuinely invested in our success. Our experience with them was nothing short of excellent.
Fabian Staub
Co-Founder & CEO, CASUS
Tsering Selang
LEXR’s expertise in legal matters was invaluable and ensured a smooth handling of all legal matters in the seed round. This helped us to focus on growth. Working with LEXR felt more like they were part of RIBE. Extremely professional, reliable, very uncomplicated and always available for questions. This is not only our opinion, we have also received very positive feedback from the investors involved.
Tsering Selang
Co-Founder, RIBE

How we solve your challenges

From structuring advice to signed CLA and a clean cap table — the full instrument, in one team.

Not every convertible is the same. We help you choose the right instrument — Swiss CLA, SAFE, SAFT or a bespoke convertible note — and structure the key economics (valuation cap, discount, interest, maturity) to match your round and investor expectations.

We tailor the convertible loan agreement and all ancillary documents to your specific transaction using continuously improved, state-of-the-art drafting tools. Your documentation is bespoke and flawless — you won't be paying for a junior copy-pasting clauses into outdated Word templates.

Our lawyers are highly experienced in startup financing negotiations. We protect your interests on the key commercial terms — cap, discount, pro-rata rights, MFN clauses — and keep the process efficient so you can close and get back to building.

We prepare and coordinate all signing mechanics, board and shareholder resolutions, and post-closing formalities so the round closes on time and the cap table is clean.

The LEXR approach

How we deliver Convertible Loans, AI-amplified

Step 01

Matter in

Brief us in plain language — we scope it and route it to the right specialist.

Intake < 4h
Step 02 AI · Privileged

AI does the heavy lifting

Our own AI stack drafts, reviews and cross-checks — inside privilege.

60% fewer draft cycles
Step 03

Senior lawyer signs off

The specialist who built the strategy reviews and signs every output.

Stephan Meyer Nadine Saalbach Maximilian Krähenbühl
Step 04

Output delivered

On scope, on the quoted price — delivered into your workflow.

Scope and price are fixed in writing before we start — AI absorbs the lift, not your budget.

Our convertible loan services

One team across the whole instrument — from term structuring to signing and cap table.

Swiss CLA draftingSAFE / SAFT setupValuation cap & discount structuringMFN clause draftingPro-rata rights negotiationBridge loan documentationPost-closing cap table support

Why LEXR

01

Deep startup financing expertise

We've advised 100+ Swiss and international startups on convertible loans, SAFEs and full financing rounds — from pre-seed to Series B. Your deal is handled by lawyers who live and breathe startup finance.

02

Transparent, predictable costs

Flat-fee packages mean you know exactly what you'll pay before we start. No billable-hour surprises — financial clarity from kick-off to closing.

03

Fast and efficient execution

We use advanced drafting tools so a tailored first draft lands in your inbox fast. Founders spend time on strategy and investors — not chasing lawyers.

Convertible Loan FAQ

The questions founders and investors ask us most before a round.

A Swiss convertible loan agreement (CLA) is a debt instrument that automatically converts into equity — typically at a discount and/or subject to a valuation cap — upon a qualifying financing round or exit. It lets founders raise bridge capital quickly without fixing a valuation today. The Swiss CLA is similar in concept to a US SAFE but governed by Swiss law and adapted to Swiss corporate mechanics.

Under Swiss law, a company may issue convertible loans up to 10% of its share capital without a shareholder resolution, and up to 20% with one. Exceeding 20% requires a capital increase in the articles of association. We check the current cap table and advise on the right structure before you sign.

For a standard Swiss CLA with agreed commercial terms, we typically deliver a first draft within one to two business days. Our tech-assisted drafting produces bespoke, clean documentation fast — so you're not waiting weeks to get money in the door.

A CLA (Convertible Loan Agreement) is a loan that converts into equity — it carries interest and a maturity date. A SAFE (Simple Agreement for Future Equity) is not a loan: it has no interest or maturity and converts on the next priced round. A SAFT (Simple Agreement for Future Tokens) is a SAFE variant for blockchain projects where the future equity is a token. We advise you on which instrument fits your situation and investor expectations.

Both. For founders we draft the CLA on terms that protect your equity and avoid traps on the cap, discount and conversion mechanics. For investors we review the documentation and negotiate the key protections. We are transparent about whose interests we represent on each mandate.

The flat fee covers drafting or review of the core convertible loan agreement, one round of negotiation comments, and the ancillary documents needed for signing. If the deal becomes significantly more complex than agreed at kick-off — multiple tranches, co-investors, cross-border elements — we discuss a revised scope before proceeding.

The convertible loan package is a flat fee of CHF 2'000 (excl. VAT). Investor negotiations and tax rulings are available on request.

Let's get started

Book your free call and become one of our 1'000+ happy clients.

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