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Itemized costs
Amount invested by the SPV
Structuring & management fee:
1%, min €5k one-off fee for 7 years
Deal size complexity fee:
€100 per investor above 20 investors
Add-on: Notarized Investment Documents:
+ €1,500 when required for certain countries
Differentiated carried interest
Entry fees
SPV incorporation
SPV dissolution
International investors
KYC/AML of investors
Bank account
International targets
Lifetime management
Raise in EUR
Secondary investments (Partial exits)
Invest in EUR and 40+ foreign currencies
Dedicated Key Account Manager
Raise in foreign currencies
+ €1,000
Ready to launch your investment club?
Get started today and transform your network into a professional investment club.
Questions ?
We've got answers
To create a deal, you should:
- once logged in, navigate to "Deals" in the left menu bar,
- then, click on "Create deal" in the top right corner, or alternatively on "Create my first deal" if this is the first time you're creating a deal,
- then, fill in the deal creation form, which will require you to provide information on the deal, the financing instrument, financial conditions for your co-investors and your own investment.
Once you have filled in the deal creation form, you will see your new deal page.
After creating the deal, the Roundtable team will verify it before allowing you to share it, to ensure that it conforms with our Terms of Service.
Carried interest is the share of profits the Deal Lead receives for sourcing, leading, and managing an investment opportunity. It is calculated at the time of a successful exit.
For instance, if an investor puts in $1,000 and their stake grows to $10,000, that’s a $9,000 profit. With a 10% carried interest, you, as the Deal Lead, would receive $900 of that profit as your performance fee.
This model rewards you for generating strong returns and ensures your incentives are aligned with those of your investors.
As a Deal Lead, you have flexibility in how you structure shared deals. You can choose to set a carried interest—your share of the profits upon a successful exit—as well as an optional entry fee for investors at the time of investment.
You also decide how SPV setup fees are handled. These can either be covered by the investors or you, depending on your preferred structure.
- In-app discussions: the most effective way to interact with your investors. It can be particularly relevant to promote a Q&A session with the founders, send a reminder before the deal closes, share investor reports…
- Emails: if you need to reach out to specific members / investors only, you can send them a personalised email directly from the platform.
- Other messaging platforms: for Communities, if you already centralise your discussions through external messaging apps, you can showcase the invitation link to your members. To date, we handle invitation links for Slack, Whatsapp, Discord & Telegram.
On Roundtable, a public community is an investment community that is freely visible to all Roundtable members.
Anyone with a Roundtable account can apply to a Roundtable community, and the community admins can decide who to accept, in order to share deals with them.
Have more questions?
Itemized costs
Amount invested by the SPV
Structuring & management fee:
1%, min €5k one-off fee for 7 years
Deal size complexity fee:
€100 per investor above 20 investors
Add-on: Notarized Investment Documents:
+ €1,500 when required for certain countries
Pool investors during your round
Clean your cap table post-round
SPV incorporation
SPV dissolution
International investors
KYC/AML of investors
Bank account
International targets
Lifetime management
Raise in EUR
Secondary investments (Partial exits)
Invest in EUR and 40+ foreign currencies
Dedicated Key Account Manager
Raise in foreign currencies
+ €1,000
Ready to raise funds?
Onboard angel investors efficiently and keep your cap table clean.
Questions ?
We've got answers
By using a founder SPV, you can:
- keep a clean cap table,
- simplify governance,
- reduce costs related to cap table software and operations, including legal fees for future fundraising,
- leverage more operator investors to collect even small checks from high-value individuals.
- Direct-like investment: in case of a purchase offer, each investor can sell as many shares as they want - investors are no longer locked into an SPV!
- Increased liquidity (subject to founder approval):
- Within the SPV
- Outside the SPV
- Reduced administrative burden: investors can focus on supporting founders while making cap table management easier for the founding team.
- Helps you maintain a clean cap table and gain stronger bargaining power with VC funds in later funding rounds.
- Smaller ticket size: investors can access deals even with smaller ticket sizes.
In most cases, the SPV set up with Roundtable can accept US investors.
Limits
While Roundtable may onboard US investors (provided that no marketing actions have been undertaken in the US), there are certain limits.
All investors (including US investors) are encouraged to seek tax advice before making any investment.
PFIC
In certain circumstances, investing in a non-US SPV may represent a significant tax or administrative burden. Indeed, such SPV could qualify as a Passive Foreign Investment Company (”PFIC”) under US tax law. US investors who are shareholders of a PFIC are generally required to file a US Form 8621 for each tax year. This is the sole responsibility of the investor.
In addition, US law provides for deterrent tax treatments when investments are made through a PFIC, which can potentially diminish the investor's return. Certain elections (e.g. Qualifying Electing Fund) can be made by the investor, but Roundtable is not able to assist with this.
Luckily, we understand that our Luxembourg SPV and some of our French SPVs (société civile) are likely to be treated as partnerships in the US (although no check-the-box election will be made), and the PFIC issue should thus not materialize.
As always, you should consult your tax advisor prior to making an investment in a non-US SPV. For more information, you may consult the following resources:
- What is a Passive Foreing Investment Company ("PFIC")?
- Investing in Foreign Startups? How to Avoid Unfavorable PFIC Consequences and Improve Returns
Have more questions?
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Legal documentation (LPA, PPM, subscription bulletins, etc.) drafted and tailored upon your preferences, such as custom waterfall, advisory board, etc.
Set up and interface with all providers (banks/depositary, auditors, etc.)
Bank account
Incorporation of a tax transparent Fund in Luxembourg
Communications with the regulator (CSSF) and registration in EU jurisdictions (2 included)
Compliant marketing and distribution in EU jurisdictions (2 included)
Investor onboarding: KYC/KYB, commitments collection, equalization fee calculation
Ongoing admin & investing in deals sourced by you (up to 20 investments included)
Managing cash flows: capital calls, distributions
Investor reports: Valuation and Audit of the Fund
Liquidation of the fund
Ready to launch your fund?
Get started today and save up to €150,000 in setup costs while accessing investors across Europe.
Questions ?
We've got answers
In the context of fund marketing, pre-marketing refers to (indirectly) providing information or communication on investment strategies or investment ideas to potential EU investors to test their interest in a fund which is not yet established. In pre-marketing, no hard commitments may be collected, and all information that is communicated is in a draft form.
Alternatively, marketing is (indirectly) offering for sale or placing shares of a fund to or with investors domiciled or with a registered office in the EU. Marketing provides final information about the fund, including its structure, investment strategy, risks, and potential returns. It allows investors to make a final investment decision. Investors may commit or subscribe to a fund that is in the marketing phase. Such commitments can be binding on the investor.
The Roundtable’s fund will be established as a Luxembourg special limited partnership (SCSp). The SCSp is a tax-transparent vehicle under Luxembourg tax law, meaning it is not subject to corporate income tax, municipal business tax, or net worth tax.
When you launch your fund with Roundtable, we take care of:
- Drafting the legal documentation, based on our standard, tailored to your preferences (amount of carried interest, duration of the investment period, etc.) → Save up to €150,000 in legal and tax fees.
- Handling all regulatory approvals and reporting: Roundtable will be the Fund’s AIFM, meaning we will manage marketing, risk management, and portfolio management, while you focus on sourcing good deals!
- Investor onboarding: collect your investors’ commitments on our platform, and we take care of the rest (KYC/AML, signing of documentation, calculation of equalization fees, etc.).
- Investing in the deals sourced by you, managing payments and capital calls.
- Valuation and audit of the fund (up to 20 investments).
- Preparing investor reports, based on the information you provide us.
Have more questions?