FOR ANGEL NETWORKS AND INVESTMENT CLUBS
THE MODEL
Clubs co-invest through SPVs - the admin is the bottleneck
An investment club or angel network co-invests through SPVs: members pool capital into one vehicle per deal, and the target company sees a single investor. ONINO provides the infrastructure to run this at scale - member onboarding, compliant subscription flows, and the cap table - so the constraint stops being administration. Without it, every deal means a new SPV, fresh KYC rounds, manual subscription documents and another spreadsheet.
WHAT INVESTMENT CLUBS CAN DO
Pool Member Capital
Members contribute capital into structured vehicles rather than investing individually.
Run Multiple Investments
Clubs can participate in different investments without mixing exposures.
Define Participation Rules
Economic participation, voting rights, and distributions are clearly defined.
WORKFLOW
What happens when your club adds a deal
Step 1: Clone the template
the SPV vehicle and subscription agreement are set up from your standard structure (with legal partners).
Step 2: Send one link
existing members subscribe digitally; no re-KYC - their verification is stored and reused.
Step 3: New members onboard once
KYC/AML and eligibility, stored for every future deal.
Step 4: Close & Run
Commitments, signatures and payments land automatically; allocation is recorded. One cap table across all vehicles; distributions and reporting per deal, audit trail throughout.
WHY CLUBS USE ONINO
What ONINO gives clubs and networks
Member onboarding once - KYC/AML and eligibility for your whole base.
Repeatable SPVs - one vehicle per deal in a standard flow. See how SPV structuring works.
Digital subscriptions and capital calls - no email-and-PDF.
One cap table and reporting across every deal.
Optional tokenization of the deal interest, where the structure allows - not required.
REGULATION
The legal frame for club deals
Club SPVs are typically structured as GmbH & Co. KG vehicles or contractual co-investment structures. What the club needs depends on the instrument and on how many people are offered the deal, not on membership itself.
Securities can be offered without a prospectus to fewer than 150 non-qualified investors per EU country; above that, up to EUR 12 million in 12 months, a securities information sheet (WIB) is required.
Limited partnership interests are investment products under the German Capital Investment Act (VermAnlG): clubs usually rely on its small-offer exemptions (at most 20 units, at most EUR 100,000 in total, or at least EUR 200,000 per investor). ONINO’s legal partners assess the route per deal.
Is your club a fund? It can be, if members were recruited commercially or deals are marketed publicly, for example on a website. So clubs on ONINO use one vehicle per deal and have each one checked.
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