Frequently Asked Question
What is the syndicate by Cédric?
This syndicate is an investment syndicate that invests in tech startups lead by Cédric Bollag. The syndicate connects accredited investors with opportunities to invest in startups.
What is the benefit of a syndicate?
Deal flow. The lead (which is me, Cédric Bollag) also takes care of negotiating deal terms, performing due diligence, writing a deal memo, hosting a webinar and advising the investment syndicate.
What’s a syndicate?
A syndicate is like a VC fund created to invest in one single company. They are led by experienced venture investors and financed by private and institutional co-investors. A syndicate pools capital from a group of co-investors, who jointly invest in a single startup presented by the deal manager. Syndicates are private. Investors can participate by being invited by the deal manager to back a lead. We create a new syndicate for each deal with LEVA.
If I choose to invest will my name be on the company’s Cap Table?
No. As a syndicate backer you are investing in membership units of the investment partnership, the partnership invests in the company on behalf of its members.
What is the cost?
10% carry + 1% Management Fee (yearly, for three years, paid upfront), 2% transaction fee
What is carry?
“Carry” is short for carried interest which is a share of the profits. Carry for this syndicate is depending on what you chose when you signed up but ranges between 5% and 15%. Carry is paid to the lead for negotiating deal terms, performing due diligence, writing a deal memo, hosting a webinar, and advising the partnership.
What is the minimum amount I can invest?
Minimum starts at CHF 5’000.- per deal, largely dependent upon the size of the allocation.
Is it mandatory to invest in pro rata?
We will always offer pro rata but you are not obligated to participate. You will never be responsible for more than your initial subscription (investment) amount.
Can you give me an idea of how many deals I should expect to see from the syndicate each month?
The goal is to send at least one deal/month.
Can I participate as a foreign resident?
Yes, you may participate as a foreign investor as long as you meet the Swiss accreditation requirements.
Is there a portal I can log into to see previous deals?
We currently send all deal memos via email, after your first investment you can see all your deals via LEVA.