Led by Deciens Capital, the financing round will redefine private market access for a generation of investors
Sydecar, a platform that makes it simple and efficient for venture fund and syndicate managers to form Special Purpose Vehicles and funds by automating banking, compliance, contracts and reporting, today announced the close of an oversubscribed $11 million Series A funding round.
The financing was led by Deciens Capital, a venture capital firm that supports early-stage founders building the next generation of financial services and shaping the future of finance, with participation from Pipeline Capital Partners and Runa Capital. Sydecar’s Series A funding will be used to expand the company’s product suite, reach new customers and scale distribution through new channel partners.
"This financing highlights our success in the venture asset class,“ said Nik Talreja, CEO and co-founder of Sydecar. “We remain committed to our venture customers and community, and with the support of our investors, we will continue delivering best-in-class products and experiences. We are one step closer to achieving our mission of building the infrastructure that powers private markets.”
Sydecar simplifies the onboarding and user experience for General Partners (GPs) and Limited Partners (LPs), providing greater transparency into investments, fees and funding status. Additionally, by automating the ongoing administration of these vehicles, Sydecar ensures increased compliance, accuracy and a reduced administrative burden for GPs.
With Sydecar, customers can launch an investment vehicle in a matter of hours, not days, playing a crucial role as the private market landscape continues to evolve. The platform streamlines everything from investor management to deal tracking and communications, helping syndicates and funds operate with precision and efficiency.
Despite a general contraction in the venture market, Sydecar’s funding underscores the trust and reliability it has earned from professional venture investors and its accelerated growth, having doubled year-over-year revenue for the past two years and surpassed $1.6B in assets under administration. This financing further solidifies Sydecar as a leading private markets deal execution platform, even in the face of prevailing pessimism around funding.
"We are happy customers and investors. Sydecar's technology and standards enable a model that delivers an incredible value proposition for deal organizers - high value and lower cost. This drives long-term sustainability for its deal organizers and Sydecar itself,” said Vishal Rana, Partner at Deciens Capital. “We have the utmost confidence in Nik and the team to build the infrastructure that will capture and expand the opportunity of private markets. As Sydecar removes friction from the market, many more transactions become possible.”
Sydecar has now raised over $28 million since inception, which includes $8.3M in seed funding in April 2022.
To learn more, visit https://www.sydecar.io/
About Sydecar
Sydecar makes it simple and efficient for venture fund and syndicate managers to form Special Purpose Vehicles (SPVs) and funds by automating banking, compliance, contracts and reporting. Sydecar eliminates operational headaches, freeing up time and resources so managers can focus on building portfolios, strengthening track records and fostering stronger relationships with limited partners. Founded in 2021, Sydecar is on a mission to build the infrastructure that powers private markets.
To learn more, visit https://www.sydecar.io/ or check out LinkedIn and Twitter.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250114603992/en/
Contacts
Media:
Tisha Ferraro
sydecar@calibercorporateadvisers.com
