Comparison
Raziel vs Sydecar
Sydecar is a platform that deal leads and venture managers use to form and run SPVs and funds, with banking, KYC, contracts, filings and K-1s handled in one place. Raziel is built for private markets: startups, SPVs, funds and entities, with founder tools under the same login.
Last reviewed October 28, 2026
At a glance
Which one fits you
Start with the portfolio you hold. Here is who each tool is built for, and what it costs.
Choose Raziel if
LPs and angels who invest through several platforms and directly, and want one portfolio across Sydecar SPVs, other SPVs, funds and SAFEs, with returns from their own cash flows. Sydecar serves a different primary job: running the vehicle.
Pricing: Founder free to 100 contacts. Investor $49/month after a 14-day trial.
Choose Sydecar if
Syndicate leads, emerging managers and founders raising an SPV who want formation, banking, compliance and K-1s handled for a published fee. If you are an LP, you use Sydecar when your deal lead has chosen it.
Pricing: SPVs from $4,500 one time, paid by the deal lead. No LP fee listed.
Feature by feature
Raziel and Sydecar, side by side
The same rows on every comparison, with notes where the answer needs context.
| Feature | Raziel | Sydecar |
|---|---|---|
| Asset coverage | ||
| Startup equitySAFEs, convertible notes, priced rounds | Yes SAFEs, priced rounds and secondaries, re-marked when a new round is recorded. | Partly Venture deals held through Sydecar SPVs. Adding investments made elsewhere is not described. |
| SPVs and fund LP positionsCommitments, capital calls, distributions | Yes Commitments, capital called, NAV and distributions beside direct holdings. | Partly Dashboards track commitments and distributions for vehicles run on Sydecar. |
| Entities and vehiclesLLCs, trusts, family office structures | Yes Holdings across LLCs, trusts and personal accounts. | Partly Entity investors have their own onboarding flow, and IRA investing is supported. |
| Public equitiesBrokerage accounts and stocks | Coming soon Brokerage connections are coming soon. | Not listed |
| Real estateProperty values, income, gains | Coming soon Property tracking is coming soon. | No Sydecar says it does not support real estate deals. |
| CryptoWallets and exchanges | Coming soon Wallet connections are coming soon. | No Sydecar says it does not support crypto deals. |
| Investor tools | ||
| Returns from cash flowsMOIC, IRR, TVPI, DPI | Yes MOIC, IRR, TVPI and DPI from the cash flows you record. | Not listed Return metrics on the LP dashboard are not described on the pages reviewed. |
| Automatic document importStatements, K-1s, SAFEs | Yes Forward statements, capital call notices and SAFEs. AI is optional. | K-1s for Sydecar vehicles K-1s, K-3s and state forms in the Tax Center. Uploading outside documents is not described. |
| Portfolio company newsRounds and headlines on your holdings | Yes Rounds and news on the companies you hold. | Not listed |
| Founder tools | ||
| Fundraising CRMInvestor pipeline for founders | Yes Kanban pipeline with target checks. | Syndicate tools for deal leads Deal tracking, member management and invitation links for syndicate leads raising SPVs. |
| Investor updatesWrite, send and track updates | Yes Open and click tracking. | Deal lead communications Investor communication tools for deal leads. |
| Cap tableOwnership, options, dilution | Yes Ownership, options and dilution for the company you run. | Not listed |
| Platform | ||
| SharingAdvisors, family, partners | Yes Owner, editor and viewer roles per workspace. | Partly Investor profiles can add teammates. |
| Native mobile appsiOS and Android | Yes Live on the App Store and Google Play. | Not listed No investor app is listed. |
| Free planFree tier or free trial | Founder free to 100 contacts Founder is free through 100 contacts. Investor has a 14-day free trial. | No LP fee listed Fees are charged to the vehicle by the deal lead. |
| SecurityMFA, encryption, audits | Mandatory MFA Mandatory MFA, private networking. SOC 2 Type II and ISO 27001 in progress. | SOC 2 Type II badge Shown on Sydecar’s FAQ, with bank-grade encryption and access controls. Scope and date not described. |
| More differences | ||
| Form and administer SPVs and fundsEntity formation, banking, KYC/AML, Form D, Blue Sky and K-1s. | No | Yes |
| Sign and wire into deals as an LP | No | Yes |
| Track investments from other platformsNot described in Sydecar’s investor help center. | Yes | Not listed |
- Yes
- Partly
- Coming soon
- No
- Not listed
Key differences
What actually sets them apart
-
A different primary job
Sydecar is how a deal lead forms, funds and administers an SPV. Raziel is how an investor tracks every position they hold. An LP can invest through Sydecar and still keep the full portfolio in Raziel.
-
One platform’s vehicles versus your whole private portfolio
Sydecar’s LP dashboard covers vehicles run on Sydecar. Raziel holds SPVs from any administrator, fund commitments, direct SAFEs and priced rounds, and the entities that hold them.
-
Returns and re-marks
In Raziel you record a new round once and every position in that company is re-marked, with MOIC, IRR, TVPI and DPI calculated from your cash flows. Sydecar’s pages do not describe return metrics on the LP dashboard.
-
Founder tools
Sydecar’s tools help deal leads raise SPVs. Raziel’s founder tools are for startup founders: a fundraising pipeline, investor updates and a cap table, free through 100 contacts.
To be fair
Where Sydecar is strong
No tool is right for everyone. These are the areas where Sydecar does more than Raziel today.
- End-to-end SPV administration: formation, dedicated bank accounts, KYC/AML, Form D and Blue Sky filings, distributions and K-1s.
- Transparent, published SPV pricing with no carry taken by Sydecar.
- A single digital flow for LPs to onboard, sign and wire, with K-1s delivered in a Tax Center.
- Support for layered SPVs, secondary SPVs, non-US investors and IRA investing.
Pricing
What each costs
Raziel
Founder free to 100 contacts. Investor $49/month after a 14-day trial.
- Founder: free through your first 100 contacts, then $29/month.
- Investor: 14-day free trial, then $49/month through 30 companies.
- Investor: $199/month for more than 30 companies.
- Paid plans auto-renew until you cancel.
See full pricing
Sydecar
SPVs from $4,500 one time, paid by the deal lead. No LP fee listed.
- SPV: 2% of capital raised (minimum $2,500, maximum $12,500) plus a $2,000 regulatory fee; Sydecar takes no carry.
- SPV add-ons: non-US investments, additional closes and US pass-through entities $3,000 each; first distribution $1,000.
- Funds: 0.1% to 0.3% of AUM per year, with minimums from $10,000 to $32,000.
- Sydecar’s FAQ does not list a direct fee to LPs.
As listed on October 28, 2026. Check Sydecar’s site for current prices.
Switching
Moving from Sydecar to Raziel
Most of the setup is importing what you already have. The Investor plan starts with a 14-day free trial.
- Keep using Sydecar to sign, fund and receive K-1s for the deals you join there.
- Start a 14-day Investor trial on Raziel and add each Sydecar SPV position in a few fields.
- Forward SAFEs, statements and capital call notices from your other deals so Raziel records the details.
- Record new rounds as they happen so Raziel re-marks positions and updates MOIC and IRR.
Raziel vs Sydecar: questions
Is Raziel a Sydecar alternative?
Not for deal leads. Sydecar forms and administers SPVs and funds. Raziel is a portfolio tracker for investors and founders. For an LP, Raziel complements Sydecar by tracking Sydecar positions next to everything else you hold.
I invested through a Sydecar SPV. Why use Raziel too?
Sydecar’s dashboard covers deals run on Sydecar. If you also hold SPVs on other platforms, fund commitments or direct SAFEs, Raziel puts them in one portfolio and calculates returns from your own cash flows.
Does Raziel replace my K-1s from Sydecar?
No. Sydecar delivers K-1s for its vehicles. Raziel tracks positions, cash flows and returns, and it does not prepare tax documents.
How does pricing compare?
Sydecar charges deal leads from $4,500 per SPV and lists no direct LP fee. Raziel’s Investor plan is $49/month through 30 companies after a 14-day free trial, and the Founder plan is free through 100 contacts.
Sources
Where this information comes from
Product details change. Information about Sydecar comes from public sources listed below, reviewed October 28, 2026. Spotted something out of date? Contact us.
- Sydecar SPV pricing (sydecar.io)
- Sydecar fund pricing (sydecar.io)
- Sydecar FAQ (LP dashboard, security, deal types) (sydecar.io)
- Sydecar overview (services and scope) (sydecar.io)
- Sydecar help: where to view tax documents (help.sydecar.io)
- Sydecar help: investor articles (help.sydecar.io)
Last reviewed October 28, 2026. Raziel details come from our pricing and security pages.
More comparisons
Compare Raziel with other tools
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- Venture investing platform and fund administrator Raziel vs AngelList AngelList runs fund administration for venture funds, SPVs and syndicates, and gives the accredited investors (LPs) in those vehicles a portfolio dashboard with valuations, returns and tax documents. Read the comparison
- Fund management software and fund administration for GPs Raziel vs Juniper Square Juniper Square sells investor CRM, fundraising, investor portal and fund administration services to private markets GPs in real estate, private equity, venture and private credit. Read the comparison
Get started
Track every private position in one place
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