Description

• Submission: Founders apply by uploading a Pitch Deck and Data Room to a syndicate platform.
• Selection: The "Lead Investor" (the person running the syndicate) performs an initial filter to see if the startup fits the syndicate's specific thesis (e.g., AI, Sustainability, or Fintech).

Eligibility

• Sector: Most are sector-agnostic, but specialized syndicates (e.g., Climate Syndicate) require specific impact metrics.
• Geography: Varies, but many top-tier syndicates operate globally via digital platforms.
• Traction: Must demonstrate a clear path to a Series A round within 12–18 months.

Process

1. Lead Commitment: A Lead Investor negotiates the term sheet with the founder.
2. The "Call": The Lead shares the deal with their network of individual angels.
3. Backing: Individual angels have a set window (usually 1–2 weeks) to commit capital.
4. SPV Formation: The total amount is bundled into a Special Purpose Vehicle (SPV)—a single entry on the startup’s cap table.
5. Closing: Funds are wired once the target amount is reached.

What an Applicant can Obtain

• Capital: Typically $100,000 to $1,000,000 per deal.
• Clean Cap Table: Because they use an SPV, the founder only deals with one legal entity instead of 50 individual investors.
• Diverse Mentorship: Access to the collective expertise of all participating angels, who are often former founders or tech executives.