A New Simplified Investment Process
We've redesigned the Investment Process to make investing with you more streamlined than ever. With these changes, you and your investors will navigate through the investment process with fewer steps. That’s less work for them, less work for you, with deals that will close faster than ever.
Here’s what changed for your LPs
Potential investors will still go through the same investment process, but we have eliminated some of the approval steps, which allow the investor to move forward without interim reviews. Now, when a potential investor makes an offer, Groundbreaker automatically ‘approves' the offer so that the prospect can continue through the investment process at their own pace. Prospects can move from creating an offer to submitting the subscription package all at one time or as quickly as they want to move. We’ve also eliminated a step to make signing agreements more efficient.
- Offer submission and confirmation - Just as before, when the investor enters their commitment amount, they will identify their investor account or create a new one.
With the new simplified process, however, once they complete the investor account details, they can continue straight to the next steps in the investment process by selecting Continue to accreditation.
- Investor verification & documents - Your LP can now proceed directly to these steps without waiting for you, as the sponsor, to take any action.
Once the LP has signed the documents, the entire subscription package becomes available to you. Where previously there were separate steps to review and then countersign the agreements, now there is just one.
- Funding - We have also changed the timing for investor funding. Investors will now submit their contribution payments after the subscription agreements are signed by both parties. Once you countersign the agreements, an email notification is sent to the investor with funding instructions.
These simplified steps are designed to make it easier for the investor to initiate and manage all phases of an investment while making the process more efficient for you.
Here’s what changed for sponsors
With the streamlined investment process, there are fewer steps that you’ll need to take. A potential investor can move through the investment process with no action required from you until after they submit their subscription package. Once you countersign the agreement, the LP can submit their funds, and the investment is complete!
You will continue to get notifications as the prospect moves through the investment process:
But, unlike before, you do not have to review and approve the offer before allowing the LP to continue with the investment process. In fact, you do not have an action to perform until after the prospect signs and submits the subscription agreement. Once you receive the subscription package, you will review and countersign the agreements in one single step. There is no longer a process to review and approve the documents with a separate step for countersignatures.
We have also changed the timing for investor funding. Subscription agreements will now be signed by both parties before investors submit their contribution payments. After you countersign the agreements, funding instructions are sent and the subscriber can initiate payment.
Investment Complete! With these changes in Groundbreaker, you’ll save more time and the experience becomes even more straightforward for your investors.