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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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.
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.
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.