Syndicate

Also called Angel Syndicate

A group of angel investors who pool money to back a startup, usually led by one lead who sources and diligences the deal while others invest alongside through an SPV.

Why it matters

Syndicates let a founder raise a meaningful round from many small cheques through a single lead and one line on the cap table. They have widened access to angel money well beyond a founder's own network.

For example

A well-known angel leads a syndicate, diligences the deal, and 30 backers invest alongside through an SPV for a combined 4 crore.

Related terms

Angel Investor Special Purpose Vehicle Lead Investor

Go deeper

See how founders actually handle this on Raising your first round, part of the Starting Up hub.

eChai Partner Brands