What’s new:

Your investors can now follow their payment from the moment they initiate it until it settles in the SPV’s bank account, while preventing duplicate payments. On the deal page, they'll see what they’ve paid, what’s left, and when it’s due. If they’re not sure their wire landed, they can check there first.

• A funding history lists each payment with its method, date, amount, and status.
• Investors who pay by wire can mark it as sent, and unmark it if they clicked by mistake.
• The payment page groups instructions by US wire, non-US wire, and ACH, and investors can copy wire details in one click.

Any cash returned to an SPV account after close can now be used to cover deal-related expenses, rather than being refunded to investors. 

• When cash comes into the SPV after close, Sydecar adds it to your SPV’s expense spend limit, on top of your original holdback.
• Your expenses page now shows a “Remaining Spend Limit,” so you can see how much is left to cover expenses.

Individual investors can now upload a photo ID to automatically fill out their profile during onboarding. That means your investors onboard faster and more accurately.

• Investors can upload a driver's license, state ID, or passport from a computer or phone (HEIC photos are supported).
• Sydecar pre-fills their name, date of birth, ID number, address, and issuing state or country.
• Pre-filled fields are highlighted so investors can review them, correct anything, and submit as usual.

Learn more: https://help.sydecar.io/how-photo-id-upload-works-when-you-create-an-individual-investor-profile

On oversubscribed deals, you can now cut back investor allocations without needing additional signatures. That means you can close on schedule even when allocations shift at the last minute.

• Cut an investor's allocation back to any amount, including $0, without requiring them to re-sign.
• If you invite an investor with the cutbacks setting turned on, they’ll be notified before signing. You can adjust this setting per investor as needed.
• If an investor is cut back after they have funded, Sydecar refunds them any excess funds at final close. That means no separate close or manual refund math.

Learn more: https://help.sydecar.io/how-do-i-cut-back-investor-allocations

What's new:

As deal lead, you can now reduce an investor's fees or carry terms without having them re-sign. Sydecar automatically detects favorable term changes and sends the investor a confirmation email rather than requiring them to re-sign.

You can now invite the same investor to a deal multiple times.

For example, if your investors invest through a trust, an LLC, and a personal account, you can invite each entity to the same deal with an individual email invite, a CSV upload, or a shareable link.

That means no need for separate accounts or manual intervention, allowing for faster onboarding and funding.

If you're a teammate on more than one team (such as a wealth advisor, RIA, multi-family office, or anyone juggling multiple investor or deal-lead teams), you can now easily switch between them. 

Changing teams changes what you see: your sidebar, deals, and invitations all update to match each team and your permissions on that team. Selecting “all” allows you to see all teams at once, which is useful if you manage relationships across several investors, while keeping each team's permissions separate.

Review and approve cash and in-kind distributions directly inside the platform. When you approve a distribution, we automatically send an email to each investor with a link to download their distribution notice. For cash distributions, Sydecar also drafts the payments. You'll also have a full history of approved distributions to pull up anytime for your records.

That means you can manage the full distribution process, from approval to payment to notice, in one place with less back-and-forth.

You can now use the new Calculations tool, at the top of the deal page, to see exactly how much to raise from investors so the target company or fund receives a specific amount, with fees factored in automatically. 

Use it to test different scenarios involving different combinations of investor allocations and fees, with updates in real time, and export any scenario to a CSV file for easy reference.

Test it out for any deals that are actively fundraising: app.sydecar.io