Sydecar, a San Francisco, CA-based accelerator to venture capital, ” raised $8.3M in Seed financing.
The round was led by Deciens Capital, with participation from Pipeline Capital Partners, Anthemis Group, Hustle Fund VC, Mike Vaughan, Shai Goldman, Nik Milanovic, Rohini Pandhi, Daniel Khan, Samir Kaji, Karim Bhalwani, Anil D. Aggarwal, Winter Mead, Jonathan Weiner, Maia Bittner, Aaron Frank, and Hayden Simmons.
The company plans on using the funds to hire additional team members within product and engineering as well as customer experience and marketing.
Led by Nik Talreja, Founder & CEO, and David Meister, CBO, Sydecar provides a platform that allows investors to launch investment vehicles and navigate the many regulatory challenges of venture investing. Sydecar manages back-office functions for emerging venture investors. This includes automating compliance, banking, contracts, reporting, and reporting.
Sydecar has already supported deals from $25k to $100M for thousands of investors.