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For Fund Managers

Syndicates

Raise privately on a deal-by-deal basis and leverage the AngelList Capital Network to quickly fund your deals. Whether you’re leading one deal or several, AngelList Syndicates are the smartest way to run an SPV.

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Increase access to capital
Raise more, faster by leveraging the AngelList Access Fund and network of accredited investors.
Earn carry
Receive carried interest and adjust what you share per LP per deal.
Grow your network
Establish yourself as a proven GP and build your network and LP backing.

By the numbers

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Invested
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Typical allocation
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From AngelList Platform LPs

How it works

AngelList Syndicates

Focus on your deals, not managing multiple service providers. AngelList handles legal formation, capital calls, tax documents, and everything else you need.

1Create
Enter a few pieces of information to create your Syndicate profile and get started
2Submit
Submit your deal and we'll create a private deal page for your SPV
3Invite
Invite LPs and your investors can close into the SPV electronically
4Deploy
When you're ready to deploy capital, AngelList wires funds directly to the company

Full-service administration

You deal with your deals. We’ll deal with the rest.

AngelList Platform Capital

Raise from professional investors on AngelList

Seamless closes

Investors close into your Syndicate electronically. AngelList takes care of fund formation docs and wires too.

Tax Preparation

We prepare tax returns and K-1 distributions for the lifetime of your investment.

SPVs

Raise privately on a deal-by-deal basis and leverage the AngelList Capital Network to fund your deals.

View all services & add-ons

Standard

$8k

Setup fee

State regulatory fees: $2k flat fee

Features

  • SPV administration

  • Legal SPV formation

  • Investor closings

  • Transaction review & execution

  • Optional add-on services

FAQ

We recommend leads invest at least 2% of the allocation (or $10K, whichever is lower) to demonstrate skin-in-the-game to their LPs. However, you are only required to invest $1000. You can invest directly into the syndicate, or you can make an investment alongside (i.e. separate from) the syndicate.

If you'd like to raise money from Canadian LPs, you must invest at least $10,000 or 2% of the allocation (whichever is lower).

The setup fee for most deals is $8k plus a flat state regulatory fee of $2k. The setup fee covers formation costs and our back office team, who handle all the administrative aspects of your syndicate for its lifetime. Each deal you run is set up as a separate vehicle, so each deal incurs this cost.

  • SPV fees are distributed across all LPs who invest in a given deal and prorated based on their investment amount.
  • For pro-rata / follow-on deals, where the previous deal was also run via AngelList, the setup costs are $5k, with a flat blue sky fee of $2k.


For more on SPV pricing, read our Help Center article.

To invite LPs to your deal, visit the Investors tab on the deal dashboard for the deal in question. Once there, you'll see a section near the top labeled "Invite." There, you can filter for the LPs you'd like to invite, write a note, and send.

Each time you setup a deal, you can decide whether you'd like it to be private to your LP network. If you do, your deal will only be viewable to the LPs you directly invite or those who back your syndicate.