At a Glance
Your investor relationships stay yours. Sydecar administers your deals without exposing your LP data to a marketplace.
Every deal gets a dedicated Deal Operations Associate who knows the details, backed by an automated back office and an average four-hour SPV review.
Sydecar is built specifically for SPVs, handling secondaries, layered vehicles, complex carry, international investors, and multiple closes.
Pricing scales with your deal, keeping a wide range of deal sizes viable.
Introduction
Sydecar is built for managers who want to keep investor relationships private and their brand front and center. Here is how Sydecar and AngelList compare on the four things that matter most: privacy, support, SPV focus, and pricing.
Your Deal, Your Brand
With Sydecar, you own the investor relationship. Sydecar administers your deals in the background and keeps your LP relationships private. Sydecar never markets to your investors.
AngelList uses a marketplace model, where your investors may receive communications from other deal organizers. With Sydecar, that does not happen. Sydecar is your back office partner, not your competition.`
A Person Who Knows Your Deal
Sydecar automates the repetitive work behind every deal, so the team can focus on the support that requires human intervention. New SPVs are reviewed and approved within four hours of submission. Approvals move quickly because the infrastructure automates routine tasks.
Sydecar also assigns a dedicated Deal Operations Associate to every deal. When something requires human judgment–a wire issue, an LP edge case, a non-standard structure–there is a person on the Sydecar team who knows your deal and can act swiftly on the matter at hand. Customers point to that support, as well as the approval speed, as a main reason they choose Sydecar.
Built for SPVs of All Types
Sydecar is built specifically for SPVs, and it keeps adding support for more deal types. Whether you run secondaries or layered vehicles, work with complex carry arrangements, bring in international investors, or manage multiple closes, Sydecar can handle it. You do not have to stitch together several tools or move to another platform as your deal mix changes.
AngelList offers products across syndicates, funds, rolling funds, roll-up vehicles, and cap-table management, where SPVs are one product among many. Sydecar was built specifically for SPVs, and managers have moved entire books of business over for that reason. Sydecar's focus on SPVs extends to complex, non-standard investor entities, such as self-directed IRAs. When an investor wires capital from a self-directed IRA, which requires an outside custodian to hold the investment, the Deal Operations Associate assigned to the deal handles the process, so the manager doesn't get bogged down in administrative work.
Pricing That Scales With Your Deal
Sydecar's pricing scales with your deal size, so fees never keep you from pursuing an opportunity. AngelList charges a flat minimum fee regardless of deal size, which can make smaller deals uneconomical. A scalable model keeps a wider range of deal and check sizes viable. The value is flexibility, not a lower price.
See How Sydecar Compares to AngelList
If you are considering Sydecar or AngelList for SPV management, our side-by-side comparison breaks down how each one handles deal formation, support, and pricing:
