An SPV, or "special purpose vehicle," is an entity that is set up for the sole purpose of investing in your company. We'll set up a new series of an LLC to function as the SPV, which investors pool their capital into. The SPV then invests in your company as 1 entity. (If you include early bird/VIP Member terms in your raise, we’ll use a 2nd SPV to hold your early bird investors.)

Maintenance of the SPV is included in the standard $1K annual admin fee.

For LLCs taxed as partnerships, the fee may be different. See our full explainer here for more.