Deal Closure
Definition
Deal closure is the final step of a financing or acquisition, where definitive documents are signed and funds are wired, converting a negotiated agreement into a completed transaction.
How it comes up in fundraising
A signed term sheet is not a closed deal: closure happens weeks later, after diligence and legal documentation, once money actually lands in the company’s bank account.
Frequently asked questions
What can delay deal closure after a term sheet is signed?
Diligence findings, legal document negotiation, investor internal approvals, and coordinating multiple investors to wire on the same schedule.
What happens between signing a term sheet and closure?
Legal counsel drafts definitive agreements, investors complete due diligence, and the company gathers signatures before the round officially closes.
Related terms
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