This chapter addresses the final Closing stage of fundraising, where investor interest transforms into committed capital through skillful negotiation of term sheets, valuation, and legal documentation. It presents closing as an integrated 12–16-week journey comprising five interconnected steps: term sheet negotiation, due diligence, legal documentation, formal closing, and post-closing execution that extends into ongoing investor relationships. The chapter decodes term sheet components beyond headline valuation—including liquidation preferences, anti-dilution provisions, board composition, and protective provisions. Four critical negotiation tactics emerge: creating investor competition through parallel discussions and “stacked pitching,” shaping conversations through strategic framing and anchoring, building negotiation power through extended runway and multiple alternatives (BATNA), and managing information flow strategically. The chapter emphasizes the “valuation paradox,” noting that excessively high valuations create unsustainable growth pressure and complicate future rounds, with research showing founders securing multiple competing term sheets achieve 15–20% better terms. Post-closing priorities include establishing effective governance structures, implementing strategic growth plans, and maintaining dual focus on immediate execution while preparing for the next financing event or exit, with the ultimate goal of translating secured capital into sustainable business growth rather than remaining in perpetual fundraising mode.