What do Investors use Odin for?

As an investor, you are able to invest in a deal on the Odin platform via a Special Purpose Vehicle (SPV). Odin is a platform that facilitates the administration of syndicated investments via Special Purpose Vehicles (SPVs), either to purchase new shares issued by a company (Primary deals) or to purchase shares from existing company shareholders (Secondary deals).

A syndicate is a group or community of investors that pool their capital in order to invest in an asset, such as a startup or fund.

An SPV allows the deal lead to:

• Pool funds from multiple investors and buy shares or future rights to shares in a company, likely a startup. They can collect money from investors anywhere, and invest in companies everywhere;
• Charge carried interest and other fees to the other investors in the deal;
• Proxy voting rights for the shares to specific individuals, such as the Syndicate Lead(s), the Founder of the Investee Company or its Chair of the Board, and;
• Distribute profits without any tax liability for the SPV itself.

SPVs offer a number of benefits to both founders and investors. Their key advantage is that they allow individual investors to make smaller per deal investments, improving portfolio diversity and enabling people to access competitive venture deals more easily, via individuals with access. For founders, there’s no cap table admin for these investors as they all are grouped under a single entity.