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Angel Syndicate Carry Calculator: Lead Carry, Platform Share & Net Returns

Work out who earns what in a syndicate deal. Enter the amount raised, fees, exit multiple, carry and the platform’s share, then split the lead carry between lead, co-leads and scouts.

QUICK ANSWERSyndicate carry is a share of profit (commonly 15–20%) paid after backers get their capital back. Profit = exit proceeds − amount raised. The platform may keep part of the carry; the rest goes to the lead and any co-leads or scouts as agreed.

Proceeds = (Raised − fees) × Exit multiple
Carry = Carry % × max(0, Proceeds − Raised)
Lead pool = Carry × (1 − Platform share)

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⚠️ Illustration; platform and scheme documents govern.

What the Syndicate Carry Calculator does

✅ Exit proceeds and profit
✅ Total carry and platform share
✅ Lead / co-lead / scout split
✅ Net multiple for backers
✅ Example ticket payout

How to use the Syndicate Carry Calculator

STEP 1
Enter your numbers
Type the figures you know. Every field starts with a realistic example so you can see how it works.
STEP 2
Read the result instantly
Results, tables and the plain-English explanation update as you type. No submit button, no login.
STEP 3
Test scenarios
Change one assumption at a time (valuation, growth, dilution, exit) to see what really moves the outcome.
STEP 4
Share or save
Copy the summary, send it on WhatsApp or print to PDF for your co-founders, board or investment committee.

How syndicate economics work in India

Indian angel syndicates usually pool money through a SEBI-registered angel fund or AIF scheme. Backers pay a setup or admin fee and a carry on profits; the lead earns most of the carry for sourcing, diligence and post-investment support.

Carry is charged only on profit. If the investment returns less than the capital invested, there is no carry.

Frequently asked questions

What carry do syndicate leads charge?

Commonly 15–20% of profits, with the platform keeping a portion. Some leads reduce carry for repeat backers.

Is there a hurdle in syndicate deals?

Usually no hurdle beyond return of capital, though terms vary by platform.

When is carry paid?

On exit, when proceeds are distributed to backers.

Is this tool free? Do I need to sign up?

Yes. It is completely free, needs no login and has no usage limit. FastFee builds payment collection software; these startup and investor tools are free resources for founders, angels and fund managers.

Is my data private?

Yes. Everything you type stays in your own browser on this device (local storage). Nothing is uploaded to FastFee. Export or print a copy if you need to keep it.

Use it together with

Syndicate Investment Allocation Calculator →Allocate an oversubscribed deal pro-rata, by equal cap or priority, with ticket rounding.Investor Commitment Tracker →Track syndicate commitments from soft-circle to funds received, with follow-ups.

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