Syndicate
One lead. The diligence bench of a fund.
Syndicate turns a forwarded deck into a scored, written deal in an afternoon — market shape, comparable outcomes, cap-table math, SPV economics and a memo your backers can actually read before the allocation closes.
1 day
Deck to allocation
20x
Deals reviewable
0
Spreadsheet nights
Worked example
Halyard Health — Seed extension
Forwarded deck + $600k allocation offered to the syndicate
Sector
Clinical documentation · AI-native EHR layer
Round
$4.5M at $22M post · lead: Foundry Northwest
Traction
$780k ARR, 11 clinics, 4.1% monthly churn
Allocation
$600k to the syndicate, $25k minimum
Run log
- Read the deck
14 slides plus the lead's memo parsed; 9 claims marked as unverified.
- Rebuild the metrics
ARR confirmed at $742k from the billing export — deck rounds up to $780k.
- Match the cohort
612 clinical-software seed companies matched on ACV, churn and payer mix.
- Model the SPV
Carry, fees, dilution and exit ladder solved for the $600k allocation.
- Draft the backer memo
One page, bull and bear preserved, sent to 84 members.
Output
Press run to work this example end to end. Everything below is produced from the input above — sample data, real output shape: deal score, spv economics, backer memo, allocation plan.
Deal scoring in hours
Every inbound scored against outcome data for its stage, sector and geography, with the comparable set shown rather than asserted.
SPV mechanics solved
Carry, fees, minimums, dilution and the return each backer needs — modelled before the wire instructions go out.
Backer-ready memo
A one-page thesis with the bear case intact, generated in your own voice and format.
Takes in
- Forwarded decks
- Founder calls
- Cap table
- Round terms
Hands back
- Deal score
- SPV economics
- Backer memo
- Allocation plan