Circle Games – SAFE Investment Success Story
Circle Games, a Turkey-based gaming company, partnered with Manay CPA to grow in the U.S. market. Structured as a Delaware C-Corp with operations in Georgia (GA), the company successfully raised $6,962,644.86 through SAFE investment instruments. At Manay CPA, we successfully managed the company’s corporate structuring in the U.S., all VC-side paperwork processes, and financial advisory services throughout the investment process.
Industry
Gaming
Headquarters
Georgia (GA), US
Founded
-
Company Size
Growth Stage
Key Markets
Global
Growth Stage
SAFE Round
Website
-
Table of Contents
About the Case
Circle Games is a Turkish gaming company that was structured as a Delaware C-Corp in the U.S., running its operations from the state of Georgia. A total of $6,962,644.86 was raised using SAFE (Simple Agreement for Future Equity) investment instruments.
Manay CPA played an active role in all financial processes, from the company’s corporate structuring to investment documentation. The preparation of SAFE agreements, investor relations, and compliance process management were all successfully completed.
Challanges
Circle Games’ main challenge was properly managing the complex structure of SAFE investment instruments. Standardizing SAFE agreements from different investors and optimizing valuation caps and discount rates required meticulous attention.
Additionally, aligning the operational structure in Georgia with the Delaware C-Corp, managing interstate tax compliance, and handling multi-investor relations were significant challenges.
Solutions
At Manay CPA, we managed the entire SAFE investment process for Circle Games. Each SAFE agreement was prepared, investor onboarding processes were handled, and the total investment of $6.9M was successfully secured.
We completed all processes including Delaware C-Corp formation, Georgia registered agent and nexus requirements, investor-facing financial reporting, and cap table management.
Get Free Consultation
With tools to make every part of your process more human and a support team excited to help you.