VIMA 2.0 – An Updated and Expanded Suite of Documents for Start-up / Venture Capital Investments

22 Sep 2022 Special Update

Following the successful launch of the Venture Capital Investment Model Agreements (“VIMA”) back in October 2018 (please refer to our update dated 25 October 2018), we are pleased to share that the VIMA has been updated and expanded to reflect current market trends and to incorporate feedback from users following industry consultation (the updated and expanded documents, “VIMA 2.0”).

The VIMA is a joint initiative between the Singapore Academy of Law and the Singapore Venture and Private Capital Association and comprises a practical set of standard-form model documents that have been calibrated to balance the interests of both the investor and the company. With the VIMA as a considered starting point, the scope of open issues is narrowed and the need for extensive negotiations between parties is reduced, thereby facilitating efficacious investment rounds and allowing founders to focus on what matters the most – the business of their companies.

We are proud to be a member of the core Working Group for the VIMA since its first iteration in 2018.

The VIMA 2.0 is a culmination of an industry-wide consultation and collaboration by over 50 venture capitalists, domestic and international law firms and Singapore agencies.

This update sets out some key upgrades and additions to the VIMA.

If you would like information on this, you may wish to contact the Partner at WongPartnership whom you normally deal with or any of the following contacts in our Start-Up / Venture Capital Practice:

Kyle LEE
Co-Head – WPGrow: Start-Up / Venture Capital
d +65 6517 8738
e kyle.lee@wongpartnership.com
Click here to see Kyle’s CV.

Jolynn LIM
Senior Associate – WPGrow: Start-Up / Venture Capital
d +65 6517 8663
e jolynn.lim@wongpartnership.com