Artesian is an alternative investment management firm with offices in Sydney, Melbourne, Singapore, Shanghai, New York and London. Artesian was spun out of Australia and New Zealand Banking Group (ANZ) in 2004 and is focused on fixed income and venture capital markets.
Seed Stage, Early Stage
0 to $5M
Technology, Media & Entertainment
Vietnam, Malaysia, Thailand, Indonesia, Philippines, China, Australia, Singapore
Normal VC financing process. It starts with a pitch by startups to the VC firm. If the VC firm is interested, they will reply and give the startup a question list for commercial due diligence (CDD) purpose. If CDD turns out to be good, financial due diligence (FDD) and legal due diligence (LDD) might take place. After that, the VC firm might send a term sheet to the startups and negotiation process starts from there. When both parties reach a consensus on terms and structure of the deal, share subscription agreement (SSA) and shareholders’ agreement (SHA) would be drafted and finalized. Deal closing includes payment and documentation and report to the appropriate authority.