Angel Syndicate
Definition
An angel syndicate pools money from multiple individual investors behind a lead who sources and manages the deal, allowing many small checks to invest as one entity.
How it comes up in fundraising
Syndicates let founders take one line on the cap table instead of dozens, and let small investors access deals a lead angel curates.
Frequently asked questions
How does a syndicate lead get paid?
Typically through carried interest, a share (often around 20 percent) of the profits on the deal.
Is a syndicate better than individual angels?
It simplifies the cap table and can move meaningful money at once, but adds a decision layer and fees that direct angel checks avoid.
Related terms
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