The Climate Syndicate is a new startup investment club led by Jason Calacanis with the support of our most frequent and trusted collaborators in the space.
We invest exclusively in Climate tech companies from pre-launch to Series B.
What is The Climate Syndicate?
The Climate Syndicate connects accredited investors with opportunities to invest in world-class climate tech founders and connects founders with investors who specialize in helping climate companies.
We can invest $250k — $10M per deal.
FAQ for Investors
Deal flow and convenience. The lead takes care of finding startups, negotiating deal terms, performing due diligence, writing a deal memo, hosting a webinar, and advising the SPV.
SPV stands for Special Purpose Vehicle. We create a new SPV for each deal with the exception of some pro-rata deals. The structure of the SPV is an LLC.
No. As a syndicate backer, you are investing in membership units of the special purpose vehicle, the SPV invests in the company on behalf of its members.
There is no cost to be part of The Syndicate, but if you choose to participate in a deal, the fees per deal shared on a pro rata basis by investors are: $35,000 for deals up to $750,000 raised and $50,000 for deals over $750,000 raised. The fees include a diligence fee to LAUNCH, blue sky filing fees, bank fees, SPV creation and management by SPV Solutions.
Minimums range from $2,000 - $15,000 per deal, largely dependent upon the size of the allocation. On average, the minimum is $4,000.
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 in the SPV.
“Carry” is short for carried interest which is a share of the profits. Carry for The Syndicate is 20%. Carry is paid to the lead for negotiating deal terms, performing due diligence, writing a deal memo, hosting a webinar, and advising the SPV.
The goal is to send one deal/week.
Yes, you may participate as a foreign investor as long as you meet the U.S. SEC accreditation requirements.
No, we currently send all deal memos via email.
FAQ for Founders
One line item on your cap table for up to 249 investors. That's a lot of super fans and collective brainpower. It's also a great alternative to VC if you're operating in a non-traditional category.
There is no cost to pitch to the Syndicate (please don't ever pay to pitch!)
Should you successfully raise funds from The Syndicate, the investors in the SPV will pay for fees on a pro rata basis per investment.
We review applications on a rolling basis. If we believe there is a fit, we will email you to schedule a 20-minute pitch over Zoom.
Our team will begin diligence and you'll pitch to the Syndicate. We work closely with you throughout this process.
On average, 3-5 weeks.
Due to privacy, we cannot release the names of the investors in our syndicate.
We create an email list (mail group) of the investors who opt into your deal and ask you to send updates to that group.