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Sign & Complete
Once funds are in, the Odin operations team:

1. Reconcile

Investment amounts are verified and finalised in line with our fee calculation & billing process.โ€‹

2. Sign

We 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. Funds Wired to the Investee

Once all commitments are confirmed and the equity documents are signed by a representative from Odin (Investment Agreement or similar), the funds are transferred to the investee less our fees.

4. Close

The deal is closed on the platform.

5. Complete

Up to 2-3 weeks post-close, investors are issued finalised investment documents, including a certificate of beneficial ownership showing the assets they hold via the SPV.
  1. 1.
    S/EIS (for UK companies only): 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.
  2. 2.
    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).