Templum, Inc., a provider of Cloud-based capital market infrastructure for alternative assets and private securities, announced today its partnership with Sydecar, a “frictionless” deal execution platform that provides venture investors, syndicates, and funding platforms with the foundational services needed to execute deals.
The explosion of private markets “has exposed a need for a uniform, standards-driven fundraising pathway that provides consistent results.” This partnership “creates the framework for startups and established issuers to seamlessly raise capital and power secondary trading without worrying about backend processes, infrastructure and technology.”
By pairing their capabilities, the companies “create an end-to-end solution to start, grow, scale, and exit any capital raise by pairing entity formation with investor reach while creating a streamlined pathway to secondary trading.”
Sydecar’s platform “handles back-office operations such as automated entity formation, contracts and compliance, while Templum provides the technology and infrastructure for issuers to fundraise, onboard investors and launch a customized secondary trading marketplace.”
Christopher Pallotta, founder and CEO of Templum, said:
“Our unique regulatory approval sets and proprietary technology and infrastructure position issuers, institutions and startups to grow with marketplaces with speed, and to scale compliantly through Templum’s ecosystem. Through our collaboration with Sydecar, we solve the additional back-office pains that hinder both growth and scale. We have pioneered a standardized approach for an industry lacking digital infrastructure and created standards for venture investors, funding platforms and private securities startups.”
The partnership “comes at a perfect time, as many investors are looking for better structure in their 2023 deals with the continuation of the private equity slowdown from 2022.”
Sydecar CEO Nik Talreja said:
“We are thrilled to be creating new and vastly improved standards for how we all interact with private markets. In partnering with Templum, we can expand our support across all stages of venture funding to continue delivering automated deal execution that is efficient and cost-effective. We know we have found a best-in-class partner in Templum that aligns with our commitment to bringing greater efficiencies, transparency and liquidity to private market investing.”