Odin | For Investors

Apply

Fill out some application information

Onboarding

Meet with other new members and understand how Odin works

Discover

Request access to syndicates - private communities where you can discover deals led by fund managers in our network

Invest

Start investing deal-by-deal in a few clicks

Grow

Track your portfolio, connect with community, source new opportunities.

The Community

Join a community funding the future

Our members are founders and operators at some of the best companies in the world. Together they form a new generation of collaborative, network-driven venture capital.

Tax and reporting

Straightforward legals, tax and governance

Review and sign deal terms digitally, claim tax relief, handle investor consent and pre-emption online.

UK investors can claim S/EIS, and we'll handle IRS filings for PFIC investments.

Reporting & Insights

Portfolio tracking

All of your investment valuations are tracked, and you'll always have easy access to the paperwork should you ever need it.

FAQs

How much does it cost to invest via Odin?

We charge a per-deal fee of between £1000-£1500, depending on the size of the deal. Typically the dealmaker will cover the costs of structuring the deal themselves, or else pass these costs on to investors pro-rata, based on their capital contribution to the deal. Investors only pay 5% carried interest to Odin on syndicates that they discover via Odin, rather than paying this carry directly to the syndicate leads. If you wish to trade or sell your shares in an SPV to another investor, Odin charges a 1% platform fee for handling the transaction.

What legal structure do you use for your investment vehicles?

We use a UK Bare Trust to administer your investments. This means a non-operating subsidiary of Join Odin Limited holds your shares in custody. You, as an investor sign some terms with Odin and a declaration of trust with this non-operating subsidiary. However, you remain the beneficial owner of the underlying assets. It is completely tax transparent, and in a liquidity event, you as a beneficial owner will pay tax wherever you are tax resident. You do not have any UK tax liability.

What information rights, voting and pro-rata rights do I have?

In general, unless otherwise specified in the deal terms, investors in Odin vehicles have the same information, voting and pre-emption rights as a direct investor in the investee company. In practice, investors in a syndicate typically agree to proxy voting to one investor in the group (usually the dealmaker), in order to simplify the relationship between the founder and the investors. The dealmaker may also choose to take full control of information rights, voting, and pre-emption. In order to do so, the dealmaker must be independently regulated for fund management by the FCA or an equivalent regulatory body.

Are your vehicles tax-transparent?

Yes. They are completely tax transparent, and in a liquidity event you, as beneficial owner of the shares, pay tax wherever you are tax resident. You do not have any UK tax liability if you are an overseas investor

Do I have to be a resident of a particular country to invest via Odin?

No. You can invest in companies anywhere from any country in the world, provided you meet your local regulatory requirements.

What happens in an exit scenario

In exit scenarios, distributions are paid to Odin, who passes the capital directly to the investors in the syndicate in accordance with any agreements the syndicate has in place on carried interest. If a company IPO's, an individual investor may maintain their position and liquidate at a time of their choosing - they are not bound to sell shares in an IPO scenario, although they may need to liquidate some assets in order to pay out carried interest.

When do I receive my share certificates?

The investing entity that Odin manages is the legal holder of your securities, so you will not receive any share certificates. However, you receive a certificate evidencing beneficial ownership, which outlines your holdings in specific deals.

What happens to my investments if Odin becomes insolvent?

In the unlikely event that Odin becomes insolvent, we have an MOU with a 20 year-old fund administration firm. They would take over the administration of your assets, so that there would be no interruption in business.

Can I claim S/EIS tax relief in the UK?

Yes, you can. We work with investee companies to support them in providing S/EIS3 certificates to investors in Odin vehicles.

Do I need to do K1 filings in the US?

In short, we take care of things so that you have no additional tax liability and Odin vehicles are considered tax-transparent by the IRS. Odin files annually with the IRS via HMRC (the UK tax authority) for any investments made by US investors, as part of a common filing system known as FATCA. We also provide US investors with info and documents so that they can make a Qualified Electing Fund (QEF) election and report annual earnings under the QEF regime, avoiding any excess taxation for investing via Passive Foreign Investment Companies (PFICs), which Odin vehicles are registered as under FATCA.

Where are my investment documents and legal agreements stored?

Every investor can access information on their portfolio view in the app.

Are there any other ongoing costs I should be aware of?

There are no ongoing costs with Odin.

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