Quarterly Product Update, Q2'25
Jul 22, 2025
Halle Kaplan-Allan
At a Glance
Sydecar launched a new in-app Referral Program, allowing referrers to earn $1,000 per referral and giving referees 10% off their first SPV.
Broker-dealer tracking is now built into the deal setup flow, helping ensure Form D filings are accurate and timely.
Fund+ managers can now view a complete Activity Log showing investor progress from commitment through funding and document execution.
Fund+ Transfers of Interest are now reflected directly in the platform, improving clarity and confidence in the accuracy of fund records for both LPs and fund managers.
Fund+ now includes a Data Room where managers can upload and share fund materials, legal docs, and pitch decks directly with investors.
Platform updates include an improved investor onboarding page and enhancements to KYC/EDD workflows, enabling smoother onboarding for international investors while ensuring that KYC reviews are complete before capital is moved.
This quarter, we focused on improving visibility, control, and communication across the platform, delivering tools to reward our customers and facilitate easier deal closure, investor onboarding, and KYC. From new Fund+ workflows, such as transfers of interest and investor communication tools, to enhanced due diligence workflows and broker-dealer tracking, every update is designed to help you move with confidence. Read on to see what’s new.
SPV
Referral Program
What it is:
Deal Leads can now make referrals directly in the Sydecar platform. You’ll receive a unique referral link, be able to track the status of your referrals in-app, and get notified when you’ve earned a payout. Referrers receive $1,000 when a referred customer closes their first deal, and referees get 10% off their first SPV.
How it helps you:
Referrals are one of the most powerful ways Sydecar grows, and now the process is easier and more rewarding than ever. With new payouts, built-in tracking, and clear referral visibility, you can support the Sydecar community while earning meaningful rewards for helping us grow.
Broker-Dealer Tracking & Reporting
What it is:
Sydecar now requires that deal leads disclose whether a broker-dealer was used before a deal can close. You’ll be prompted to enter the necessary details (including commissions, fees, and broker information) during the investment setup process.
How it helps you:
This update helps you avoid regulatory friction by supporting accurate and timely Form D filings, thereby eliminating the need for follow-up amendments. By capturing required disclosures upfront, we reduce manual work, eliminate common filing errors, and ensure your closing process remains smooth.
Fund+
Fund+ Activity Log
What it is:
Fund+ managers can now access a complete activity log that shows each step investors take after being invited to a deal. The log captures key milestones, including commitment responses, onboarding, and funding status, and document execution directly within the portal.
How it helps you:
This update gives Fund+ managers clear, actionable visibility into investor engagement across every stage. You can now quickly see who has signed, funded, or is still progressing without contacting support. This saves time, removes uncertainty, and helps you stay one step ahead as you manage relationships and close deals efficiently.
Transfers of Interest for Fund+
What it is:
Fund+ now reflects Transfers of Interest directly in the platform, giving you and your investors a clear view of updated ownership once a transfer has been completed. Your investor register will now automatically display the new ownership structure once the transfer is processed.
How it helps you:
Investor interests often change over time due to estate planning, entity restructuring, or secondary sales. This feature gives both you and your investors greater clarity and confidence in the accuracy of your fund records.
Fund+ Data Room
What it is:
Fund+ now includes a dedicated Data Room, giving fund managers a central place to upload, organize, and selectively share key documents with investors. You can upload pitch decks, fund strategy materials, performance data, legal documents, and more, and control investor access with a simple toggle.
How it helps you:
Keeping your investors informed builds trust and helps you run a tighter fundraising process. With a centralized space to store and share fund materials, you can provide investors with timely access to the information they need, reduce back-and-forth, and maintain a more professional investor experience.
Platform Improvements
Investor Onboarding Page
What it is:
We’ve added a static page to the investor onboarding flow that outlines exactly what information and documentation investors will need to complete onboarding in one sitting. This includes entity type, beneficial ownership details, and required KYC documentation tailored to the type of investor.
How it helps you:
This update minimizes confusion, prevents drop-off, and reduces back-and-forth. By clearly setting expectations upfront, we help investors complete onboarding more quickly and successfully, resulting in fewer delays and a more seamless experience for everyone involved.
KYC/EDD Workflow Improvements
What it is:
We’ve made two key updates to improve our KYC and EDD program. Investors who are citizens of prohibited countries but reside in eligible jurisdictions can now complete the onboarding process. These investors are routed through Enhanced Due Diligence (EDD) for manual review, rather than being automatically denied.
Additionally, investors may now sign investment agreements prior to the KYC process, but funding is only permitted once they have successfully completed all KYC and compliance checks. This ensures that our KYC review is complete before capital is moved.
How it helps you:
We strive to provide a seamless investment experience that mitigates risk and uncertainty. By enabling case-by-case diligence for complex profiles, we reduce unnecessary blocks on investors. Clearing our KYC/AML compliance checks before allowing investors to fund helps us ensure full KYC/AML compliance on your deals and avoid having to return funds to investors.
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If you have any questions or want to learn more about any of these updates, schedule some time with our team here:
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