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Fund+

Fund Administration for the next generation of VCs

End-to-end fund formation and administration with Sydecar's Fund+

Sydecar’s Fund+ combines the stability of a committed capital fund with the flexibility of deal by deal investing. Built on Sydecar’s proprietary infrastructure, Fund+ offers fund managers and investors new ways to collaborate on deals. From automated banking, compliance, contracts, to tax and reporting, Fund+ has all of our core features baked in, and more.

Highlights

  • Flexibility

    Offer customized terms and economics for each investor depending on your unique relationship.

  • Efficiency

    Streamline investor onboarding with mobile-friendly subscription agreements and fund and compliance documents.

  • Transparency

    Commitments and investments are traced from individual capital accounts to a specific portfolio investment.

  • Autonomy

    Sydecar creates a self-managed entity for each of our customers so that you remain in full control of your fund. Sydecar acts as the fund administrator, taking direction directly from the manager.

  • Cost savings

    Sydecar’s product-driven approach means you can avoid paying expensive service providers for fund formation, regulatory filings, tax, accounting, and reporting.

  • Co-invest

    Invite third-party investors to an opportunity while maintaining a single line on a portfolio company’s cap table for the Fund and all co-investor commitments.

Scope of Services

Fund entity creation (self-managed Series LLC structure with a unique vehicle for each fund investment).

Off-the-shelf fund documents, including LLCA, subscription agreements, and compliance documents; drafted by best-in-class venture counsel.

Unique bank account created for your fund with real-time visibility into money movement.

Fully digital investor onboarding and closing process.

Flexible capital calls.

Customizable economics on a per-investor basis, with variable carry, management fees, and support for advanced carry structures (i.e. hurdle rates).

Streamlined compliance checks (KYC, AML, and accreditation).

Automated fund tax preparation and filings (Form 1065 and Schedule K-1s) supported by Sydecar’s General Ledger.

Quarterly or annual financial reporting and optional audit support for preferred partners.

Regulatory filings (Form D, Blue Sky) included.**

*Legal agreement customization supported by partner counsel for efficient representation when working with Sydecar.

**Blue Sky fees capped at $1,500 and then passed through to investors.

See how our clients are using Fund+

Prota's Journey

Read more about how Prota Ventures started from SPVs to a formalized, efficient fund.

Read More

Antigravity's Founding

See how a first-time fund manager found fund-market fit with Sydecar.

Read More