What do Founders use Odin for?

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). Founders can only use Odin for Primary 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.

As the Founder creating a deal on Odin, you are the primary person administering the deal on behalf of these investors.

Odin offers a Special Purpose Vehicle (SPV) as the vehicle to do so.

An SPV allows you to:

• Pool funds from multiple investors and buy shares or future rights to shares in your company. You can collect money from investors anywhere, and there aren’t any geographic restrictions on where your company can be based.
• Proxy voting rights for the shares to a single individual (the Founder or Chairman).
• 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. For founders, there’s no cap table admin for these investors as they all are grouped under a single entity.