SyndicateRoom operates a co-investment model, we follow the terms put forward by the lead investment.
A 'rolling close' round is defined by two characteristics:
- There is no conditionality on the current lead investment being banked
- The company meets certain runway criteria, based on their current burn rate, with cash already in their bank and cash being banked from the lead investment
As such, we replicate this structure with SyndicateRoom investors.
In other words, the round will successfully close regardless of how much is raised.
This was previously known as a 'soft close' round.