They form the vehicle.
We run everything else.
Sydecar automates the legal, banking and compliance work of standing up an SPV — entity, bank account, accreditation checks, AML/KYC, wire collection and the K-1. We do none of that, and no amount of CRM replaces a legal entity. The argument here is about cost shape, not coverage.
Published, and priced per deal.
Sydecar publishes its pricing, which is more than most of this list does. It is priced per vehicle rather than per year: 2% of capital raised, floored at $2,500 and capped at $12,500, plus a $2,000 fixed regulatory and tax fee. That is a $4,500 minimum to launch one standard US SPV.
Where the line actually falls.
| Capability | DeelSignal | Sydecar |
|---|---|---|
| SPV entity formation | Not offered | Automated legal entity, bank account, closing docs |
| AML / KYC & accreditation checks | Not offered | Built in, per investor |
| Schedule K-1 filing | Not offered | Included in the fixed fee |
| Deal pipeline before the SPV | Full pipeline, scoring, diligence, IC workflow | Not offered — starts at the deal you already chose |
| Portfolio monitoring after the wire | Structured founder reporting, alerts, valuations | Asset tracking only |
| Cost model | Flat subscription, unlimited deals | Per vehicle — every SPV is a new $4,500+ |
| Founder portal | Included | Not offered |
Where Sydecar wins.
The vehicle itself. Forming an SPV means entity filings, a bank account, securities compliance under the 1933 and 1940 Acts, and a K-1 at year end. Sydecar does all of it as software, in minutes, without a law-firm retainer. We are a deal and portfolio platform, not an entity administrator — we do not do any of it today, and SPV formation sits on our longer-term roadmap rather than the current product.
Run the whole vehicle from here, even while somebody else forms it.
We will not form the entity or sign the K-1, and no engagement changes that. What our services team will do is model your SPV structure inside the platform, connect your formation and administration provider through DSignal Connect, and build the investor reporting on top. The specialist keeps the entity work. You stop running the rest of the fund in a second system.
Complementary more than competitive, except on cost shape. Syndicate leads commonly run both: Sydecar for the vehicle, us for everything before and after it.
Figures reflect Sydecar's publicly available pricing as of September 2026 and are subject to change; the $13,500 figure is three vehicles at the published $4,500 minimum and excludes add-ons. Sydecar is a trademark of Sydecar, Inc.; references here are nominative fair use for comparison purposes only and do not imply endorsement, affiliation or sponsorship.
Keep Sydecar. Add the part before and after.
Bring your last three SPVs to the call and we will map what sat around them.