Introduction
This quarter’s updates help Deal Leads run deals with more flexibility, close on schedule, and get investors funded with less back-and-forth. We are also sharing a first look at a new way to gauge demand before you launch a deal.
Invite Investors to Participate in a Deal Multiple Times
Without needing separate accounts or manual intervention, you can now invite the same investor to a deal multiple times, allowing for faster onboarding and funding.
For example, if your investors invest through a trust, an LLC, and a personal account, you can invite each entity to the same deal with an individual email invite, a CSV upload, or a shareable link.
Review, Approve, and Track Distributions Without Leaving the Platform
You can now manage the full distribution process, from approval to payment to notice, in one place with less back-and-forth:
Review and approve cash and in-kind distributions directly inside the platform.
Approving a distribution automatically sends an email to each investor with a link to download their distribution notice.
For cash distributions, Sydecar also drafts the payments.
You'll also have a full history of approved distributions to pull up anytime for your records.
Calculate Exact Fundraise Amounts Before Close
Deals don't stay static. An investor changes their commitment, you need to land on an exact wire amount, or reserves and add-ons shift. Now you can run the numbers yourself, right from our new Calculations tool:
Calculate the exact wire amount for your target company or fund, with fees factored in automatically.
Recalculate when an investor changes their terms.
Model changes to reserve and add-on allocations.
Totals update in real time as you adjust the inputs. Export any scenario to a CSV to reference when you update the deal.
Offer Investors Favorable Terms Without Making Them Re-Sign
You can now pass on better terms to your investors with zero friction. Sydecar automatically detects favorable carry or management fee changes and sends the investor a confirmation email rather than requiring them to re-sign.
Close Oversubscribed Deals Faster
Hit your close date even when allocations shift at the last minute. You can now reduce an investor's allocation without a second signature, so a late rebalance does not reset your timeline.
Reduce an investor's allocation to any amount, including $0, without requiring them to re-sign.
Adjust this per investor or per deal. All applicable investors will be notified before they sign.
If an investor has already funded, Sydecar refunds the excess at final close. No separate close, no manual math.
Onboard Individual Investors in Minutes with ID Upload
Fewer typos, faster KYC and funding. Individual investors can now upload a photo ID and Sydecar pre-fills their profile for them.
Investors can upload a driver's license, state ID, or passport from a computer or phone (HEIC photos are supported).
Sydecar pre-fills their name, date of birth, ID number, address, and issuing state or country.
Pre-filled fields are highlighted so investors can review them, correct anything, and submit as usual.
Investors Can Now Track Their Funding From the Deal Page
Your investors can now follow their payment from the moment they send it until it settles in the SPV's bank account, and they'll be warned before accidentally wiring twice. Fewer check-ins to field, and fewer duplicates to untangle. A funding history lists each payment with its method, date, amount, and status.
Investors who pay by wire can mark it as sent, and unmark it if they clicked by mistake.
Payment instructions are grouped by US wire, non-US wire, and ACH, with one-click copy on wire details.
Coming Soon: Gauge Demand Before Launching a Deal
Find out who's in and for how much, before you set up your SPV. No more Google Forms, spreadsheets, or follow-up emails.
Soon on Sydecar, you can:
Share a link to a deal you're considering and collect non-binding interest. Investors reply with just an email.
See who viewed, who responded, and how much each investor wants in.
Learn what interested investors need before they commit, and why others pass.
Invite them into the live deal with their amounts pre-filled for review.
Launching in November.
See our full list of updates here:
