Running SPVs
How Raido Capital Closed Twice in One Week with Sydecar
At a Glance
Raido Capital is a thesis-driven investment firm founded by Maxime Seguineau, focused on technology’s role in transforming global financial systems.
The firm invests in financial services companies focused on streamlining legacy workflows, augmenting human participation, and enabling adaptive, autonomous growth.
Raido participated in the oversubscribed $500 million Series C round of a leading digital assets company.
With Sydecar, Raido launched and executed two closes out of the same SPV within one week, meeting the target company’s deadline and securing additional allocation.
The collaboration showcased how Sydecar’s automated infrastructure and responsive support enable fast, compliant execution for complex investor structures.
The Opportunity
Raido Capital was founded on a simple conviction: that technology’s impact on financial systems compounds over time, creating what Founder and Managing Partner Maxime Seguineau calls the “transformation dividend.” Raido’s investments focus on businesses that make financial services more efficient, more transparent, and ultimately more resilient.
That focus has earned the firm a reputation for combining deep sector expertise with measured execution. Raido invests across stages but always within its lane (the financial domain), and it builds lasting relationships with family offices, high-net-worth individuals, and strategic investors who share that long-term view.
When Raido’s network surfaced an allocation in the Series C of a leading digital assets company, the opportunity immediately resonated. The company was profitable, disciplined, and transparent; a rare combination in a rapidly evolving market. It was also an oversubscribed $500 million round with a one-week timeline to wire funds. For Maxime and his team, the fit was obvious. The challenge was in the timeline.
Execution
As commitments came in, Raido opened an SPV through Sydecar and needed to close quickly. To help keep the process organized and on time, Sydecar’s team stepped in to help onboard investors with complex structures, such as families investing through multiple entities.
Throughout the process, Raido maintained clear communication: LPs received straightforward instructions, timely updates, and proactive outreach whenever additional information was needed. The target company also received steady progress reports confirming that Raido’s allocation was tracking as expected.
Results
Using Sydecar’s Additional Closes feature, Raido executed two closes out of the same SPV in order to include every committed investor while still meeting the company’s one-week deadline.
The first close secured the minimum amount the target company required for Raido to participate in the round. The second, completed shortly after, brought in additional investors whose wires had been delayed by a holiday weekend and, in turn, allowed Raido to secure a larger overall allocation.
After the deal closed, Sydecar continued to support Raido’s team by helping one investor restructure their entity to match their preferred setup, ensuring every detail was handled correctly.
Takeaways
This deal demonstrated Raido Capital’s ability to deliver under pressure while keeping investors engaged throughout the process. By maintaining transparency and helping every committed LP participate, the firm strengthened relationships with its investors and reinforced trust with the company.
For Maxime, it reaffirmed the importance of pairing automation with responsive human support: “Speed doesn’t have to come at the expense of discipline. It comes from preparation, trust, and the right tools.”
Want a closer look at the feature Raido used to close twice in one week? Try our Additional Closes interactive demo:
See How Sydecar Works in Under 2 Minutes
Explore our interactive demo to see how simple it is to launch and manage your next SPV.
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