Fund profile
The Garage Syndicate
Wilmington, United States
Not leading
About
T16e (The Garage Syndicate) is a venture syndicate that focuses on co-investing in promising tech startups, typically those led by founders personally known to the General Partners (GPs). Based in the U.S. and registered in Delaware, the syndicate operates through special purpose vehicles (SPVs), allowing investors to pool capital for specific deals. T16e primarily targets high-growth companies across various sectors, including SaaS, fintech, and health tech, and ensures that all deals meet rigorous due diligence standards. The syndicate does not lead investment rounds but rather participates as a co-investor, often collaborating with other prominent venture capital funds. Investors are kept informed of new deals via Telegram and email, and commit by completing necessary documentation and identity verification. Investments typically begin at $10,000, and the syndicate accepts both USD and cryptocurrency (USDC). T16e's investment strategy emphasizes transparency, with no management fees and a focus on long-term value creation. The syndicate only takes a carry (performance fee) if returns exceed a hurdle rate of 10%. Additionally, the syndicate invests alongside GPs, ensuring alignment between investors and fund managers.
Details
Highlights
$1.9M
Historical average check
$27.3M
Historical max check
May 2024
Last investment date
21
Investments
Healthtech & Wellness
Real Estate & Proptech
Software & Apps
Other
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