What is Sydecar?
Sydecar makes it simple and efficient for venture fund and syndicate managers to form Special Purpose Vehicles (SPVs) and funds by automating banking, compliance, contracts and reporting. Sydecar eliminates operational headaches, freeing up time and resources so managers can focus on building portfolios, strengthening track records and fostering stronger relationships with limited partners. Founded in 2021, Sydecar is on a mission to build the infrastructure that powers private markets and was named to the 2025 Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America.
What types of investment vehicles does Sydecar support?
Sydecar creates and administers Delaware-domiciled SPVs and venture funds. This includes support for secondary transactions and layered investment vehicles.
What does Sydecar’s platform handle?
Our platform manages both formation and ongoing administration, including:
Entity formation and EINs
Standardized legal agreements
Investor onboarding and closing
Integrated banking
KYC/AML compliance
Fund accounting
LLCAs and OPAs
Tax preparation (including K-1s)
Regulatory filings
Distributions
Please see our product pages for more information: SPVs, Fund+, Syndicates, Secondary SPVs, and Layered SPVs
What makes Sydecar different from other providers?
Most venture fund administrators rely on manual, custom processes that are slow, expensive, and inconsistent. Sydecar takes a product-first approach, standardizing and automating banking, compliance, and contracts. This enables our customers to launch faster, operate with confidence, and deliver a seamless experience for investors.
Are there any types of deals Sydecar does not support?
Sydecar supports venture capital investments. We do not currently support real estate, private credit, cryptocurrency, or other asset classes.
How long does it take to close a deal on Sydecar?
SPVs can be set up within hours and funds within days. Vehicles are ready to close as soon as investors have signed documentation and funded their commitments.
Book a Demo and See How Fast You Can Close
Does Sydecar provide legal or tax advice?
No. Sydecar is an administrator and does not provide legal or tax advice. Customers receive configurable legal forms through the platform, but are advised to engage their own counsel. We maintain relationships with law firms and can provide referrals if helpful.
Does Sydecar take carry from deals?
No. Sydecar does not take carried interest from transactions on the platform. We charge a one-time transaction fee for SPVs and an annual fee for fund administration.
Can I use my own bank when creating an SPV?
No. Each vehicle created on Sydecar has a dedicated account with one of our integrated banking partners.
Do you offer both self-advised and Sydecar-advised vehicles?
Sydecar only offers self-advised vehicles. The organizer acts as both adviser and manager and retains all fees (management fees and carry).
Does Sydecar provide cap table management?
No. Our products are purpose-built for venture capital managers. We do not offer equity or cap table management for startup founders.
Does Sydecar support recycling distributions back into a fund?
No. Recycling is not currently supported.
Can I customize fees for different investors?
Yes. You can set different management fees and/or carried interest for individual investors.
Talk to Our Team About Fee Flexibility
Can I share carry with others?
Yes. Carried interest can be allocated to co-investors, advisors, or team members.
Can I co-manage an SPV with a partner?
Each SPV has a single lead (organizer/adviser), either an individual or an entity. However, you can add team members to help manage operations and investor communications.
How many investors can an SPV include?
Most investment vehicles are limited to either 100 or 250 investors, per Section 3(c)(1) and Section 3(c)(7) of the Investment Company Act.
Who can invest through Sydecar?
Currently, Sydecar only supports investment vehicles for accredited investors.
Can I promote my deals publicly?
No. Sydecar only supports vehicles formed under Regulation D 506(b), which prohibits general solicitation. Deals should not be advertised publicly (e.g., on social media).
Does Sydecar support non-US investors?
Sydecar can support investors from most countries. Additional KYC, regulatory, or tax requirements may apply depending on jurisdiction.
Can I invest in non-US companies?
Yes. Sydecar supports investments in non-US companies, but all transactions are denominated and documented in USD.
Does Sydecar support vehicles domiciled outside the US?
Not at this time. All investment vehicles created on Sydecar are LLCs domiciled in Delaware.
Can I invest through my IRA account?
Yes. Sydecar supports investments via IRA accounts, subject to your IRA provider’s approval for private placements.
Does Sydecar support investments in non-USD currencies?
No. All investments are made in USD.
What is the LP experience like on Sydecar?
LPs benefit from a streamlined, digital process:
Simple onboarding with integrated KYC/AML
Secure document signing and instant bank wiring
Transparent dashboards to track commitments and distributions
Automated delivery of tax forms (K-1s)
This professional experience helps you establish trust and credibility with investors from day one.
How do you handle data security and privacy?
Sydecar protects every transaction with bank-grade encryption, secure banking integrations, and strict access controls. Your data stays private, compliant, and fully protected, so you and your investors can transact with confidence. You can read more about our privacy policy here.
What does it cost to run an SPV or fund on Sydecar?
Sydecar’s pricing is simple and transparent. SPVs start at $4,500 per vehicle, with no hidden costs and no carry taken by Sydecar. Fund+ pricing is variable based on your fund's size, giving managers access to full-service administration without the high overhead of traditional providers. Our goal is to give emerging managers access to professional-grade infrastructure without needing tens of millions in committed capital.
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