Deal scenarios – Odin

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 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. Odin will, however, charge £25 per refund for invest...
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 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...
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. However, please note that Odin would net out £25 for each refund made. 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...
How do I delete my Odin account? If you’ll no longer be using Odin and wish to delete your account, please reach out to your Customer Success representative or Odin’s Customer Support team. A member of the Odin team will then work with our Engineering tea...
How does voting and governance post-close work ... As the Syndicate Lead, when drafting a deal you’ll have the option to decide whether to proxy voting rights away from your investors to another party (either you as the Syndicate Lead, or the Founder of the investee compan...
What if I need Odin to sign a Term Sheet? Odin only adds its signature to binding legal documents during closing processes. Term Sheets are almost always non-binding and as such Odin doesn’t sign them - they can be an agreement between you and the company.
Where can I find Odin’s KYC policy? This is an internal document which we are not at liberty to disclose to third parties. Our policy is compliant with the UK Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations ...
Can I facilitate a crypto deal via Odin? While Odin can facilitate deals for investee companies in the crypto space, Odin does not accept funds from investors in cryptocurrency or USDC, and cannot handle token custody.