Join the 25,000 syndicates & funds on AngelList
A single partner for your investment
Launch and run SPVs on one platform
Raise privately on a deal-by-deal basis, with additional opportunities to gain exposure for your Special Purpose Vehicles (SPVs) through AngelList’s network of 72k investors.
Key features
Reliable SPV services from AngelList
Public & private fundraising
Back-office administration
Digital fundraising & closing
Valuations & distributions
How it works
Start your SPVs with Syndicates
Through AngelList Syndicates, you can launch one, several, or hundreds of SPVs from your unique Syndicate profile. Capture interest and speed up fundraising on future deals by sharing your Syndicate with investors.
Capital Factory
We've been on AngelList from the beginning, from our first Rolling Fund to our most recent $125M SPV. The platform keeps getting more efficient and adding more features, and their white-glove support helps us launch different fund structures and close LPs at any scale.
Capital Factory
We've been on AngelList from the beginning, from our first Rolling Fund to our most recent $125M SPV. The platform keeps getting more efficient and adding more features, and their white-glove support helps us launch different fund structures and close LPs at any scale.
Kearny Jackson
I invest in SPVs, run my own SPVs, have my own fund, and am an LP in a bunch of different funds. Having everything in one place is really awesome.
Kearny Jackson
I invest in SPVs, run my own SPVs, have my own fund, and am an LP in a bunch of different funds. Having everything in one place is really awesome.
Hustle Fund
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.
Hustle Fund
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.
Scale as you raise.
Transparent pricing.
Rely on one platform for your first SPV through your first $100M SPV.
Standard
$8k
Setup fee
Features
SPV administration
Legal SPV formation
Investor closings
Transaction review & execution
Optional add-on services
FAQs
Your questions answered
The 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).
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).
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.
For more on SPV pricing, see the Pricing page.
You can invite LPs from the Data Room tab of your GP Dashboard. Sending personalized invites is the most secure way to invite LPs, as each LP receives a personalized invitation with a URL that cannot be opened by anyone else. You can set custom minimums, maximums, and carry when sending personalized invitations. Learn more here.
Each time you set up 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.
All SPV information you submit remains private and is only shared with AngelList. If your deal is approved to tap into the AngelList network, you can send invites to AngelList LPs from the Data Room tab of your GP dashboard. Learn more here.
There is no guarantee that any specific deal or fund will be eligible for any additional capital from any of the sources listed above, nor is there a guarantee that an eligible deal or fund will receive any additional capital from these sources.