Convertible Note
Definición
A convertible note is a loan that converts into equity at a future priced round, carrying an interest rate (typically 4 to 8 percent) and a maturity date (typically 18 to 24 months), usually with a valuation cap or discount.
Cómo aparece en el fundraising
Notes preceded SAFEs as the default early-stage instrument; in 2026 they survive mainly in bridge rounds and some non-US deals.
Preguntas frecuentes
What is the difference between a convertible note and a SAFE?
A note is debt with interest and a maturity date that can technically be called; a SAFE is not debt, has neither, and cannot be called.
What happens at a note’s maturity date?
If no priced round has occurred, the note is technically repayable; in practice holders usually extend, convert at an agreed valuation, or negotiate.
Recursos de Round Funded
Términos relacionados
Pon este término en práctica
Las definiciones solo ganan negociaciones cuando estás en una. Encuentra los inversores que financian tu etapa y empieza la conversación.
Explora la base de datos de inversores