Vircon Legal Advised Ratic on its Pre-Seed Round Backed by Arısan İnce and Alpcan Erdoğan

Vircon Legal advised Ratic on its pre-seed financing round. The round closed on 24 January 2023 at a USD 5,270,000 valuation. The investors in the round were Arısan İnce and Alpcan Erdoğan. The size of the investment was not disclosed at the request of the parties. The company is incorporated in Delaware, USA, with its operational footprint structured for cross-border deployment.

Pre-seed financing rounds for Delaware-incorporated companies with Turkish operating roots carry structural considerations that distinguish them from purely domestic seed transactions. The documentation has to operate consistently across two corporate-law frameworks: the Delaware-side architecture covering share class design, founder vesting and equity governance, alongside the Turkish-side operational considerations relevant to the team and product activity. Getting these workstreams aligned at the pre-seed stage — rather than retrofitting them later as the company moves toward larger institutional rounds — is what allows the company to enter a Series A diligence process without expensive remediation.

Vircon Legal advised on transaction structuring, SAFE-or-equity documentation calibrated to the company’s expected trajectory, valuation cap and discount mechanics, governance design across both jurisdictional layers, founder commitments, IP assignment frameworks, cross-border tax considerations, and the post-closing corporate housekeeping required after the cap-table evolution. Pre-seed rounds at this valuation profile in cross-border-structured companies particularly benefit from clean documentation — the architecture has to support both immediate transaction execution and the institutional-anchor activity that typically follows when companies at this stage prepare for their next priced round.

The presence of credible early-stage investors at this pre-seed valuation profile provides Ratic with both runway and a defensible early-investor reference for subsequent fundraising conversations.

For more on our cross-border startup and Delaware C-Corp practice, see our US Company Formations & Flip-Ups and Startup Law pages.