• What legal document(s) will I be signing when investing into a company via a Propel(x) syndicate?

  Investors sign documents to invest in a special-purpose vehicle (“syndicate”) instead of the company’s purchase agreement. For your ease of reviewing, we have separated the syndicate governance documents and subscription agreement from the signature page and relevant tax documents. Please note that the subscription agreement is only legally binding if the Broker Review process has been successfully completed. We encourage interested investors to carefully review these in the Deal Profile DocumSome readers

• What are the benefits of a Syndicates to investors?

  Investors benefit by increased diversification across numerous startups. Since Syndicates allow investment minimums as low as $5,000, investors can expand a given amount of capital across a portfolio of multiple startups. In addition, Propel(x). Syndicates will be managed by Propel(x). – so investors are assured of timely communications and updates from startups received via Propel(x). Please keep in mind that all Private Placement investments, whether through a syndicate or direct, are speculaSome readers

• 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 direcFew readers

• What do startups pay to participate in Propel(x) Syndicates?

  Startups raising on Propel(x). pay a success fee to Hubble Investments LLC. The success fee is 5% for startups that raise more than $200,000 and 8% for startups that raise less than $200,000.Few readers

• Are the Syndicates liquid investments?

  No, as with all private investments, the Syndicates are not liquid investments. As with direct investing, investors should expect to have their capital tied up for several years.Few readers

• What are the benefits of a Syndicates to startups?

  Startups benefit by expanding their investor base to include investors who want to invest smaller amounts. At the same time, since the Syndicates invests as a single investor, startups need not worry about having numerous small investors on their cap table.Few readers

• What happens to a Syndicate if Propel(x) shuts down?

  Few readers

• Will these Syndicates be actively managed?

  The Syndicates are intended to be passive investment vehicles. The Syndicates will in most cases accept the terms offered by lead investors and will, in most cases, waive voting rights.Few readers

• Who manages the Syndicates?

  Each syndicate is managed by Assure Fund Management and advised by Propel(x). Advisors, a wholly-owned subsidiary of Propel(x). Inc.Few readers