Sydecar

Sydecar

Sydecar is a frictionless deal execution platform for venture investors. The company’s platform handles back-office operations for venture investors, automating banking, compliance, contracts, and reporting. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
CAD44—66m (Dealroom.co estimates Jan 2023.)
Walnut California (HQ)

Financials

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Revenues, earnings & profits over time
USD2023
Revenues3.8m
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Sydecar is a deal execution platform tailored for venture investors, simplifying the complex back-office operations that come with managing investment deals. The company automates essential tasks such as banking, compliance, contracts, and reporting, allowing venture investors to concentrate on identifying and closing deals rather than administrative burdens.

Sydecar primarily serves emerging venture investors, including first-time fund managers and syndicates. These clients often find the initial stages of venture capital daunting, expensive, and time-consuming. Sydecar steps in to streamline these processes, making it easier for them to launch and manage their investment vehicles.

Operating in the venture capital market, Sydecar's business model revolves around providing a comprehensive software platform combined with a supportive team of experts. This dual approach ensures that clients receive both the technological tools and the human support they need to succeed. The platform is designed to be user-friendly, enabling clients to invite only their chosen investors to participate in opportunities, thereby maintaining control over their investor network.

Sydecar generates revenue through service fees, which are structured to be transparent and capped at a certain amount, ensuring cost predictability for clients. For example, Blue Sky fees, which are regulatory fees for securities offerings, are capped at $1,500 and then passed through to investors. Additionally, the company offers legal agreement customization supported by partner counsel, providing efficient and cost-effective legal representation.

The team behind Sydecar is composed of seasoned professionals from various fields, including venture capital, private markets, law, and technology. This diverse expertise enables the company to challenge the status quo and deliver innovative solutions to its clients.

Keywords: venture capital, deal execution, back-office automation, compliance, contracts, reporting, investment vehicles, emerging investors, software platform, supportive team.

Tech stack

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