Full Definition
An angel syndicate is a group of angel investors who come together to pool capital and make investments collectively, allowing individual angels to participate in deals that might be too large for a single investor. Syndicates are typically organized by a lead angel who sources and evaluates deals.
How Angel Syndicates Work
- A lead angel identifies and vets investment opportunities
- Deal terms are shared with syndicate members
- Individual members decide whether to participate
- Capital is pooled through an SPV (Special Purpose Vehicle)
- The lead often charges carry (typically 20%) on returns
Popular Syndicate Platforms
AngelList, SyndicateRoom, and Republic are popular platforms that facilitate angel syndicate investing, making it easier to discover deals and manage legal/financial logistics.
Real-World Example
A lead angel organizes a syndicate of 20 investors, each contributing $25K, to make a $500K collective seed investment.
Related Terms
A high-net-worth individual who provides early-stage funding to startups in exchange for equity.
The primary investor in a funding round who sets the terms, contributes the largest check, and often takes a board seat.
A legal entity created specifically to pool investor capital for a single investment in a startup.
An individual or entity meeting specific SEC financial criteria required to invest in private securities.
The first significant round of funding for a startup, typically used to build an MVP and validate market fit.
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