Wilson Sonsini Modernizes Early-Stage Start-Up Financings with Neuron Software Platform

By: Wilson Sonsini Goodrich & Rosati via Business Wire

March 07, 2023 at 10:30 AM EST

Wilson Sonsini is disrupting the start-up and legal industries with Neuron, its cloud-based platform for start-up clients, by automating the closing process around venture capital financings

After the successful launch of Neuron’s Incorporation module in 2021 and the Corporate Governance module in 2022, Wilson Sonsini’s Emerging Companies Practice (ECP) continues to streamline, automate, and digitize the routine legal processes along a start-up’s journey with another major addition to Neuron’s capabilities: a start-up financing module. The financing module pairs the personalized service of Wilson Sonsini’s leading ECP attorneys with the innovative technology of the Neuron platform to complete a financing round at record pace.

“Neuron is fulfilling our firm’s mission to always be at the forefront of providing exceptional client service, no matter what it takes,” said David Wang, Wilson Sonsini’s Chief Innovation Officer. “This is the first time that a start-up can address such a broad range of important legal issues in one place: incorporations, employee and consulting processes, board actions, routine equity issuances—and now financings. Neuron already handled more than 400 early-stage clients and adding financing capabilities has greatly increased the platform’s overall utility and value for start-ups and venture capital firms.”

Neuron’s first financing module is focused on SAFE (Simple Agreement for Future Equity) financings, the predominant type of financing mechanism for early-stage start-ups in the United States. With an average Net Promotor Score of 96, the platform generates SAFEs and collect signatures in a frictionless, yet highly personalized process that frees founders and investors to focus on business growth and allows attorneys to focus on providing high-value advice and customizations.

The start-up ecosystem quickly recognized the sweeping potential of Neuron as a disruptor in legal technology, as Wilson Sonsini has earned several awards and recognitions since launching the platform. In 2022, Fast Company named Wilson Sonsini as one of the Top 10 Most Innovative Companies in North America for its development of Neuron.

"Using Neuron is a game changer,” said Hyung Lee, CEO of HYEL, Inc. “As a founder, knowing where to start, track, and follow every legal process that is required to start my company gives me peace of mind.”

Neuron’s financing module is available for all SAFE financings with more automated equity financings to come. For more info, go to ecp.wsgr.com/neuron.

About Wilson Sonsini

For more than 60 years, Wilson Sonsini has offered a broad range of legal services, focused on solving challenges faced by the management and boards of directors of business enterprises. The firm is nationally recognized as a leading provider to growing and established clients seeking legal counsel to complete sophisticated corporate and technology transactions; manage governance and enterprise-scale matters; assist with intellectual property development, protection, and IP-driven transactions; represent them in contested disputes; and/or advise them on antitrust or other regulatory matters. With deep roots in Silicon Valley, Wilson Sonsini has 19 offices in technology and business hubs worldwide. For more information, please visit www.wsgr.com.

About the Emerging Companies Practice (ECP)

Wilson Sonsini’s ECP is a global leader in representing start-up companies from formation to IPO and beyond. Over the past six decades, the ECP has advised hundreds of thousands of companies, like DoorDash, Google, Lyft, and Netflix, through various stages of growth and liquidity events. Companies leverage the ECP’s deep experience, top legal resources, and a global network of VCs and industry relationships to scale through all stages of their life cycle. The ECP has over 400 attorneys worldwide focused on delivering high-quality legal services to the emerging companies ecosystem. For more information, please visit ecp.wsgr.com.