Pricing
Flat pricing for every deal size.
One flat fee for SPVs. We keep it simple with no hidden costs.
Offering
Features
- SPV administration
- Investor closings
- Distributions included
- Transaction review & execution
- Optional add-on services
Details
What’s included
Seamlessly launch and run SPVs
Everything from deal execution services to modern software for you and your investors.
- GP Portfolio & Investment Dashboard
- Digital deal term review
- Legal SPV formation
- SPV filings
- Bank account setup & management
- SPV accounting
- SPV taxes
- Investor K-1 preparation
- Digital investor closing
- LP portal and data room
- Investor K-1 distribution
- Share carry via deal partners
- Deal closing workflows
- Transfers & distributions
- Transaction review & execution
- Valuation support
Additional services
Add-ons
International investments
$1kSelf-advised SPV
$1kNon-standard investments
$2kCrypto investments
$2kBlocker setup
$6kFinancial statements
$10k3(c)(7) Parallel fund
$12kMaster LP formation
$4kJoin the 25,000 syndicates & funds on AngelList
AngelList takes the complexity and hassle out of launching a new investment vehicle so we can focus on picking the companies we want to invest in and supporting the founders.
When it comes to SPVs, I can't really imagine what it would be like on another platform, and AngelList does it at a fraction of the cost.
I have been using AngelList for years to run my SPVs and Venture Funds. They handle everything for me with incredible service. It's the best product in the market.
Start deploying capital when you’re ready
Set up your free Syndicate profile and launch your SPV to start investing in opportunities, on your time.
FAQs
Common pricing questions
Yes. There are several ways that AngelList differs from other SPV administrators and deal execution platforms, including privacy, LP network, and pricing:
- Privacy. We support both 506(b) and 506(c) structures for SPVs. This gives the fund lead control over keeping deals private to their LPs, or sharing them broadly as a public offering.
- LP network. AngelList has 72k LPs on the platform, offering additional opportunities to gain exposure for your SPV if you choose.
- Pricing. There’s a flat fee structure for SPVs on AngelList, with no additional charges for distributions and no deal-size markups.
To learn more and explore a demo, see the SPV page.
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 on the same Syndicate via AngelList, the setup costs are $5k, with a flat blue sky fee of $2k.
Learn more here.
No, follow-on SPVs have a reduced fee. We consider an SPV to be a follow-on if it's raised for the same company, through the same syndicate, in a subsequent funding round. In follow-on scenarios, setup fees for the SPVs are discounted to $5k from the typical $8k.
The recommended minimum raise for SPVs is $80K, or $50k for follow-on investments.
If your SPV does not raise the minimum amount, it can still be run as long as a fee contribution is made towards set up and state regulatory fees. This ensures that LPs don’t pay more than 10% of their commitment in fees (excluding optional add-ons). Learn more here.
We recommend that deal 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 $1,000. 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).