What are Propel(x) Syndicates and how do they work?
Propel(x). Syndicates are pooled investment vehicles which collect funds from several investors into a single Limited Liability Company (Investor Syndicate). The Syndicate then invests as a single entity into a single startup.
Investors that want to invest less than the direct investment threshold set by the startups can make a syndicate investment. Investors can commit as little as $5,000 into each Syndicate.
A Propel(x). Syndicate will be created after at least $100,000 in combined direct and syndicate investment interest is collected from investors. Propel( will continue to collect additional interest until the deal closes on the platform. Once the deal closes online, Propel(x). will complete all paperwork, confirm investment amounts with investors and close the deal.
Investors that want to invest less than the direct investment threshold set by the startups can make a syndicate investment. Investors can commit as little as $5,000 into each Syndicate.
A Propel(x). Syndicate will be created after at least $100,000 in combined direct and syndicate investment interest is collected from investors. Propel( will continue to collect additional interest until the deal closes on the platform. Once the deal closes online, Propel(x). will complete all paperwork, confirm investment amounts with investors and close the deal.
Updated on: 12/24/2020
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