Fundraising
Angel Syndicate
A group of angel investors who pool capital to co-invest in deals together, typically organized through platforms like AngelList.
An angel syndicate is an organized group of individual investors who pool their capital to make investments together. A lead angel (the 'syndicate lead') sources deals, conducts diligence, and negotiates terms. Other syndicate members ('backers') contribute capital alongside the lead. AngelList democratized syndicate investing by creating a platform where any accredited investor can back a syndicate lead and access deals they'd otherwise miss. Syndicates are structured as SPVs: a single cap table entry representing all syndicate members. For founders, syndicates offer access to angel capital without managing dozens of individual investor relationships. For investors, syndicates offer access to deal flow from trusted leads.