D. What is an Angel Syndicate?

A term more commonly used in the United Kingdom, meaning a more formal or structured consortium of angels investors ( it can even take the place of “Business Angels Network” with the same meaning). On the continent, however, an Angel Syndicate could also mean a group of angel investors who are more “informally” aligned, meaning sharing investment leads or co-investing on a more sporadic, intermittent or even ad hoc basis. Importantly, in our sense of understanding, an angel syndicate does not have formal management nor processes.