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How It Works (tl;dr)
A top-line overview of syndicating an investment via an Odin SPV
The process to launch and fund a deal with Odin can be broken down into three steps.
On this page, we provide a top-line overview. This is followed with the granular details of each step, additional information on the legal structure, etc. Before launching a deal with Odin, we recommend that you read through the full guide and FAQ's. If you still can't find what you're looking for, email us at [email protected] or drop us a message on WhatsApp.

Prepare

  1. 1.
    Deal Submission
  2. 2.
    Investee Company KYB: Investee company completes KYB and agrees to our terms
  3. 3.
    Deal Creation: if necessary we incorporate a nominee (entity) for the syndicate
  4. 4.
    Finalising: syndicate lead reviews deal page and makes any requests for changes

Raise

  • Investors:
    • are invited to the deal by email.
    • create an account on our platform (if they donโ€™t have one).
    • go through KYC (additional KYC if investing over โ‚ฌ12k).
    • sign and wire funds by bank transfer to our account (global, multi-currency). Depending on their location, the timeline will vary, but we expect 99% of funds to arrive within 5 days of the transfer being initiated.

Sign & Complete

Once all the funds are in, the process is as follows:
  1. 1.
    Reconcile Investment amounts are verified and finalised in line with our fee calculation & billing process.โ€‹
  2. 2.
    Sign Once funds are reconciled, the Odin operations team review all documentation and sign the investee company documents under the syndicate leadโ€™s instruction. The syndicate lead does not sign these documents - Odin manages this.
  3. 3.
    Wire Funds Send to investee company, net of any fees.
  4. 4.
    Close The deal is closed on the platform.
  5. 5.
    Complete Investors are issued finalised investment documents, including a certificate of beneficial ownership showing the assets they hold via the SPV. S/EIS certificates (for UK investors) and K1โ€™s (for US investors) are issued later on.
    • S/EIS: We send the investee company the details they need for their S/EIS application with HMRC. Once we have received the S/EIS2 UIR and a signed version of the S/EIS3 form with names and amounts blank, we will circulate these to the underlying investors.
    • K1's: Once per year, we provide FATCA and PFIC documentation to US investors, so that they may make a Qualified Electing Fund (QEF) election and report annual earnings under the QEF regime (versus being subject to the Excess Distribution Regime, which incurs additional taxation).
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