Deal scenarios – Odin

When is the platform fee payable? Odin's deal fee is deducted during the closing process. You can find a detailed breakdown of how this works based on who is responsible for the fee here.
Can I close my deal if investor payments are in... Once you select 'Close deal' on the platform, our Deal Ops team will begin calculating the final figures and we will no longer be able to accept payments into the deal. To ensure all investments are included, please keep t...
Which accredited investor definition applies to... Under FCA and SEC regulations, investors using Odin must meet the UK definition of an accredited investor. They must qualify as either a 'Sophisticated Investor' or a 'High Net Worth Individual'. This article provides a de...
Does Odin charge VAT? Odin does not apply VAT to our services. You can view a detailed breakdown of our pricing here.
How do I add a team member/syndicate lead to my... Syndicate leads often grant deal admin access to team members and/or the investee company. Here are the instructions for inviting a team member to your deal: Navigate to the deal dashboard and click 'Invite'. Share the li...
How can I include a management fee? (See this article for creating invite links) When creating invite links, you'll have the option to add a one-off ‘Cash Fee’. In addition to the carry, this is an extra management charge you can add to cover your own costs ...
When can I invite investors? You can begin inviting investors to your deal as soon as it has been published. Check out this article for a step-by-step guide on inviting investors.
Are syndicate leads required to invest? No, syndicate leads are not required to invest in the deal they're running.
What if the investee company requires funds to ... By default, Odin wires funds to the investee company in the same currency you’ve denominated the deal in. If your deal is denominated in USD and investors have transferred in USD, Odin would by default send funds to the in...
Can you help me source investors? No, Odin does not help you to source investors. We’re not a crowdfunding platform, and your investors need to be sophisticated/high-net-worth angel investors from your own network.
Can I change my company’s name? You can change your company’s name by contacting hello@joinodin.com. Please see below for various scenarios regarding name changes: Changing the trading name: You can use any name you’d like as your trading name. Changi...
Can I remove an investor from a deal? Yes, you can remove an investor from a deal, as long as we haven’t received their funds yet. Please see below for instructions: Navigate to the Deal Admin page. Under the investor actions (three dots at the end of each co...
How can I view deal sheets? Deal sheets are legal documents that contain all of the economic terms related to the SPV’s investment into the investee company. It’s important to note that deal sheets are unique to each user and therefore, deal terms su...
Can Odin share KYC information on the Odin Inve... Yes, we can share this upon request. Please email hello@joinodin.com.
Can Odin facilitate deals for Indian investee c... We cannot support deals if the company is legally based in India. However, if the company operates under a more familiar structure, like a Delaware entity or a UK limited company, then we can facilitate it on Odin.
What if the investee company enters liquidation? Please note that all liquidation events should be handled by Odin - In order to avoid mistakes or liabilities, you should not sign documentation on behalf of your syndicate and should consult with us. As soon as Odin is no...
What if we have investors who are both eligible... That’s no problem. As soon as the deal has fully closed on Odin, you’ll be able to download an investor list via your deal admin dashboard. You can then omit any individuals from the list who are not eligible for either sc...
Can Odin support multiple valuations within the... The Odin platform does not currently allow multiple valuations within the same deal. However, we can facilitate this by creating two deals for each valuation and then closing the deals simultaneously. Please contact our Cu...
What happens if the deal falls through? If you lose your allocation on a deal or receive notice that the deal won’t be moving ahead for another reason, you can cancel your deal without any extra charge to you. Firstly, inform your investors that the deal won’t b...
What if my investor can’t wire in the currency ... Odin only supports investor transfers in the same currency the investee company is raising in. If your deal is denominated in USD, investors must wire in USD by the platform. If your investor doesn’t have a bank account in...
What happens if Odin becomes insolvent, or I wi... In the unlikely scenario that Odin is declared insolvent, there is a three-part plan. Aside from that, it is important to note that there is no contagion of the assets an Odin Bare Trust or any other entity Odin administer...
What happens if an investor wants to pull out? If an investor of yours has previously committed to a deal and now wants to withdraw, we can refund them. Please refer to the refund process here.
What if the deal terms that I’m raising under c... Deal terms sometimes change during the raising of a round. This can be minor, such as tweaking the share price but keeping the pre-money valuation the same, all the way to deciding to raise an equity round instead of a SAF...
What if I want to co-syndicate a deal? If you wish to join forces with another syndicate on a specific deal, and would prefer to share the costs of the SPV, then it’s possible to co-syndicate a deal on Odin. You’d have to follow the same basic deal creation pro...
How can I remove my co-lead from a deal, or fro... In order to remove a co-lead from a deal or from a syndicate, please get in touch with your Customer Success representative first, or Odin’s Customer Support team. Odin can either remove them from the deal/syndicate entire...
How can I remove an investor from a deal, or fr... There is no current functionality to 'delete' an investor from your deal page, they’ll just be listed there as someone who has not invested. The investor can choose to 'pass' on the deal if they have not already committed,...
What if I want to run an SPV into another SPV? Depending on the specific legal structure, it is typically possible to create and run an SPV through Odin into another SPV, whether that is on Odin or not. If both SPVs are on Odin, we would encourage you to simply share c...
How can I promote my SPV? Disclaimer: the below is not legal or regulatory advice, and is for informational purposes only. We strongly recommend you seek independent advice. Under UK regulation (where Odin is registered), only two classes of invest...
What if I want to change who pays Odin’s fee? When setting up a deal on Odin, you can specify Odin’s deal fee to be paid by either the Syndicate Lead, the Investee Company, or your Investors. The fee must be paid by only one of the above; we cannot split the fee betwe...
What if I want to charge performance-related ca... The Odin platform currently only allows for a fixed % figure input for carried interest by default - no in-product mechanism exists to allow for hurdle rates, kickers or other forms of performance-related carry. If you inf...