About Odin

Odin is building the investment infrastructure for the future of private markets.

We believe capital is one of the most powerful tools for shaping the world - and more people should be able to put it to work.

Our mission is to make it radically easier to raise and deploy capital, so that anyone, anywhere, can back the companies and ideas they believe in.

Our first product is a full-stack platform for launching and running private investment vehicles (SPVs, funds) - think Shopify for VC and PE. We handle the everything end to end: legal structuring, investor onboarding, KYC/AML, payments, tax, reporting, and exits.

We’re already trusted by over 10,000 angels, VCs, and founders. We administer over $500m in assets, covering investments from pre-seed to series E. This includes investments in household names like ElevenLabs, OpenAI, SpaceX, xAI, Anduril, etc. but also vehicles for new fund managers investing in everything from synthetic brains to small nuclear reactors.

The Bare Trust Legal Structure

For our English SPVs a United Kingdom [Bare Trust structure](https://uk.practicallaw.thomsonreuters.com/0-107-6471?transitionType=Default&contextData=(sc.Default)&firstPage=true#:~:text=The trustee of a bare,the assets held in trust.)

• We create a limited company that holds the shares (or other assets) in trust on behalf of the investors (the beneficiaries) via a tax transparent arrangement.

• The trust’s assets are held in safe custody and administered by an FCA-regulated custodian that we partner with.
• The beneficiaries of the trust (the investors) have an immediate and absolute right to both the capital and income of the trust, excluding any obligations they have to the syndicate leads with regards to carried interest. Any profits are distributed to the beneficiaries who pay tax wherever they are tax-resident. There is no UK tax liability.
• The property is held in the name of the trustee, but the trustee has no discretion over the assets held in trust. The trustee of a bare trust is a mere nominee, in whose name the property is held. The trustee has no active duties to perform. The trustee must simply follow the (lawful) instructions of the beneficiary in relation to the assets held in trust.
• The syndicate lead(s) is/ are beneficiaries of the trust, and the other investors agree to proxy their voting and other rights with regards to the shares to the syndicate lead.
  • They may also opt to pay a share of profits on exit to the syndicate lead (carried interest). The syndicate lead may receive the carry wherever it is tax resident, and pays tax as appropriate
• The trust can buy any shares or share-like securities issued by the investee entity (eg. SAFE agreement, convertible debt or an LP holding in a fund).
• The arrangement is not a collective investment scheme, nor is it an AIF (alternative investment fund) - therefore “light” from a regulatory perspective.