Discover more from Erik de Stefanis
Syndicate LP Update
It’s been a while since I shared anything on the topic of the syndicate.
Lots of you have signed-up since I last shared anything so here’s a short update.
This syndicate started in late 2020 as a way to get more young angel investors onto the cap-tables of companies built by, or for, our generation. We purposefully invested in companies whose founders valued having this generation get more involved, i.e. as investors in their companies.
Of the investments made…
(the companies’ names are redacted because these rounds/raises have not been publicly announced yet)
[REDACTED] just closed a $4M seed from MultiCoin Capital, Solana Ventures, etc., marking our position up nearly 6X. We invested in their pre-seed.
[REDACTED] just closed a $5M seed led by a tier-1 firm marking our position up by over 3X. We invested in their pre-seed.
[REDACTED] raised an additional several million on a SAFE with a +$100M cap. We invested on a $14M cap (this is by no means a mark-up; our investment hasn’t yet converted).
That’s all for now. If you see an interesting startup that’s raising, then please feel free to let me know, especially if it’s commerce-tech!
*Click here for more info on what a syndicates and SPVs are*