Flip-Up (Corporate Flip)
Restructuring so a new (usually US) parent company sits on top of the existing operating company.
A flip-up exchanges shares in the original company for shares in a newly created parent (commonly a Delaware C-Corp), making the original entity a subsidiary. Startups do this to access US investors or markets. It is legally and tax-intensive, can trigger charges, and may forfeit UK tax-relief schemes, so it is usually done deliberately at a later stage.
Examples
A UK startup performs a flip-up into a US holding company ahead of a US seed round. — Founders delay a flip until a US investor requires it.
How it relates to The Startup Foundry
The Foundry helps founders avoid premature, costly restructuring — staying investable in the UK first, where its fund and network operate.