The process to launch and fund a deal with Odin can be broken down into three steps, with 10 sub-steps.

On this page, we provide a top-line overview. This is followed with the granular details of each step, additional information on the legal structure, etc.

Before launching a deal with Odin, we recommend that you read through this process, and also take a look at the other articles in our user guide. If you still can't find what you're looking for, email us at [email protected] or drop us a message on WhatsApp.


Prepare

  1. Deal Submission
    The first step in the process to launch an SPV is to fill out this form:

    Syndicate Lead: Set up an SPV

    This form allows us to gather essential information on the investee company and the deal structure.

    • You need to provide the term sheet and/or other relevant investee documents for the round (SAFE agreement, disclosure letter, shareholders agreement, articles of association for the investee company, deed of subscription, etc. as applicable)

    • We automatically generate all the legal documents covering the creation of the vehicle, proxying of voting, carried interest etc.

  2. Odin Team Review
    Once the form is submitted, information is automatically sent to Odin's database.

    We will review this information and then we will email you to discuss the deal.

    It may be that further information is needed before we progress to the next stage.

  3. Investee Company KYB:
    We contact the company that will be receiving your investment. We carry out KYB checks and ask them to agree to our investee terms using this form:

    Odin Investee KYB & Terms

    These checks are required to establish and verify the identities of parties involved in the deal, and in order to ensure they agree to our terms.

  4. Entity creation (if necessary): we incorporate a nominee for the syndicate. You also have the option of using our existing (Odin-branded) vehicle at lower cost. More information on pricing and options is available here.

  5. Finalising: we finalise the company's deal page, syndicate lead makes any requests for changes

Raise

You invite your investors to the deal via a link. Investors create an account (if they don’t have one), go through KYC, sign and wire funds by bank transfer (global, multi-currency). All banking and payment flows are handled by Odin.

Sign and Complete

  1. Reconcile Investment amounts are verified and finalised in line with our fee calculation & billing process.

  2. Sign Once funds are reconciled, the Odin operations team review all documentation and sign the investee company documents under the syndicate lead’s instruction. The syndicate lead does not sign these documents - Odin manages this. Funds are then wired to the investee company.

  3. Wire Funds: Send to investee company, net of any fees

  4. Complete: Investors are issued finalised investment documents, including a certificate of beneficial ownership showing the assets they hold via the SPV. S/EIS certificates (for UK investors) and K1’s (for US investors) are issued later on.


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