The Best SPV Platforms in 2026, Priced and Counted

Sydecar and Allocations for leads who bring their own investors and want a published fee with no platform carry; AngelList if you also want access to an investor network; SPV Hub for small raises on a flat tiered price. All four publish their SPV pricing, which Carta does not: Carta quotes an annual fee per SPV. The deciding criterion is whether your fund administration already runs on Carta, since that is where Carta's SPV product earns its place.

AngelList is built around the syndicate: a lead posts a deal, backers commit, and the SPV is formed, banked and filed by AngelList's back office. Sydecar and Allocations form SPVs quickly for leads who bring their own backers. In the SEC Form D filings counted on this page, AngelList and Sydecar administer most platform-run SPVs by a wide margin. The bottleneck in a fast close is usually investor onboarding and wires, so judge platforms on that, not on formation alone.

Five things, in order: a published fee you can model at your raise size, whether the platform takes any carry, what an extra close, a non-US investment or a distribution costs, whether K-1s and the Form D and Blue Sky filings are included, and how long administration is covered. Then check the platform has been around: when Assure shut down in 2022, its customers had to move live SPVs mid-hold.

For a first deal, compare the all-in one-time fee at your raise size, because none of the platforms here charges an annual fee on a standard SPV. The worked example on this page prices a small raise on each platform. AngelList's fee cap helps small raises but it takes a share of carry on investors it sources; SPV Hub and Sydecar take no carry. If you bring every investor yourself, the cheapest is usually the one with the lowest floor at your raise.

Pick the offering exemption first, then the platform. Every platform here files the Form D and the state Blue Sky notices for a standard Rule 506(b) SPV with accredited investors, which covers most deals. If you plan to market the deal publicly under 506(c), confirm the platform verifies accreditation, not just self-certification. If the structure is unusual (several closes, non-US investors, a blocker), ask for the add-on price in writing before you launch.

On the platforms that publish prices, as checked October 8, 2026: AngelList $8,000 setup plus $2,000 state regulatory, capped at 10% of the raise; Sydecar $4,500 to $14,500; Allocations $9,950 for a Standard SPV; SPV Hub $6,000 to $12,500 covering 10 years. Carta does not publish an SPV price.

Carta publishes no SPV rate card; it quotes an annual fee per SPV that covers formation and administration. Its support site lists a $1,500 one-time implementation fee on the Premium Institutional scope and $2,000 to form a GP entity if you do not have one. Ask for the annual fee and its term in writing.

AngelList's pricing page lists $8,000 setup plus a $2,000 state regulatory fee, $5,000 setup for follow-ons, total fees capped at 10% of the raise, and add-ons from $1,000. It takes no carry on LPs you bring; on LPs it sources, it takes 5% of the carry, as reported.

9,727 SPVs filed an original Form D in the twelve months to September 2026, by our count of SEC filings as of October 8, 2026. That undercounts the market: SPVs with plain names that name no platform on the filing are missed, and non-US vehicles that never file a Form D are not in the data.

No. Archstone, our own product, runs the vehicles once they exist: capital calls, per-LP capital accounts, the LP portal and data rooms across every SPV and fund, from $297 a month. Form the SPV on a platform that files the Form D and handles banking and K-1s, then run all of them from one place.

No. VC Beast and Archstone share common ownership: the same founder operates both. That is why Archstone is labelled as ours wherever it appears, why it is not ranked against the formation platforms (it does a different job), and why every other price on this page links to the vendor page it came from with the date it was checked.