My Syndicate Lead has asked me to pay Odin’s fees. How does that work, and what is Odin’s pricing?

Odin’s pricing is hosted here, for your reference.

In syndicated deals, Odin’s fees can be paid either by the Syndicate Lead, the Syndicate’s Investors, or by your company as the ‘Investee Company’. If your company is paying Odin’s fees, we would ordinarily net out our fees from the final investment amount that we wire to your company. If required, Odin can also invoice your company for the fees during the closing process, and you would then pay the invoice via bank transfer. However, you’d need to inform our team about this up-front.

If the Syndicate Lead has agreed that your company will cover Odin’s fees, they’re responsible for estimating the cost for you. Odin’s Deal Operations team will confirm the final fees with you before any legals are signed.

Odin makes money by charging fees for deals that are completed on the Odin platform. The pricing outlined below applies to both Primary and Secondary deals.

Deal Fees

Deal fees constitute the main part of this pricing, which is always charged as a percentage of the total amount raised for syndicated deals.

Deal fee percentages depend on the pricing tier your Syndicate Lead has agree to. There are two options - Syndicate and Syndicate Plus.

Deal fees are capped at both ends, with a floor price and a ceiling price.

Additional Costs

Although the vast majority of the cost in using Odin is wrapped up in deal fees, there are additional fees that apply for edge-cases.

In practice, the syndicate lead usually covers these additional costs, regardless of whether your company or their investors are paying the core deal fees. However, in the event that your company is covering extra fees, we’ve outlined them below:

Notarisation

This is an external cost for Odin and requires one of our directors to attend a notary in person to sign at an appointed time, and then have the original documents couriered to your company. The notary cost is not something Odin can’t control - unfortunately it is part and parcel of investing in certain countries, like Spain or Germany. You can understand more about how notarisation works here.

Rolling Closes

You can learn more about rolling closes here.