Sydecar, a platform that makes it simple and efficient for venture fund and syndicate managers to form Special Purpose Vehicles and funds by automating banking, compliance, contracts and reporting, today announced the close of an oversubscribed $11 million Series A funding round.

The financing was led by Deciens Capital, a venture capital firm that supports early-stage founders building the next generation of financial services and shaping the future of finance, with participation from Pipeline Capital Partners and Runa Capital. Sydecar's Series A funding will be used to expand the company's product suite, reach new customers and scale distribution through new channel partners.

Sydecar makes it simple and efficient for venture fund and syndicate managers to form Special Purpose Vehicles (SPVs) and funds by automating banking, compliance, contracts and reporting. Sydecar eliminates operational headaches, freeing up time and resources so managers can focus on building portfolios, strengthening track records and fostering stronger relationships with limited partners. Founded in 2021, Sydecar is on a mission to build the infrastructure that powers private markets.