# Fund types and what they change

> Choose whether your fund works as a VC fund, angel network, syndicate, accelerator, corporate VC or family office, and see what each type changes.

Source: https://delsivo.com/help/team-and-settings/fund-types · Updated 2026-11-06

## Key takeaways

- The fund type says how your fund decides. It sets what the committee is called and which sections show in the sidebar.
- Angel networks get Members, Pitch sessions and Syndicates. Syndicates get Members and Syndicates. Accelerators get Cohorts.
- The Member role is offered only in angel networks and syndicates.
- Only Admins change the fund type, in Settings, Fund profile. Changing it never deletes anything.
- Delsivo sets the type when it creates your fund. You can change it later.

Funds don't all decide the same way. A VC fund's partners take deals to an investment committee; an angel network's members each decide for themselves; an accelerator's selection committee picks a cohort. The **fund type** tells Delsivo which of these you are, so the words and sections match how your team works.

## The six types

| Fund type | How a decision is made | The committee is called | Extra sections in the sidebar |
|---|---|---|---|
| **VC fund** | A sponsoring partner brings the deal to the investment committee | Investment committee | None |
| **Angel network** | Each member decides for themselves; a deal lead runs diligence for the group | Screening committee | Members, Pitch sessions, Syndicates |
| **Syndicate** | The lead decides to back the deal; backers opt in per deal | Lead's review | Members, Syndicates |
| **Accelerator** | A selection committee picks a cohort from an application round | Selection committee | Cohorts |
| **Corporate VC** | The investment committee decides, with a strategic sponsor from the business | Investment committee | None |
| **Family office** | A small investment team decides, often one principal | Investment decision | None |

The sidebar's **Committee** item takes the short name: **Screening** in an angel network, **Selection** in an accelerator, **Lead review** in a syndicate and **Decision** in a family office.

## What changes with the type

- **Sidebar sections.** Members, Pitch sessions, Syndicates and Cohorts appear only for the types that use them. See [Share a deal with members](/help/angel-networks/sharing-a-deal-with-members) and [Pitch sessions](/help/angel-networks/pitch-sessions).
- **The committee's name**, in the sidebar and the ⌘K search.
- **The Member role.** Angel networks and syndicates can invite **Members**: individual angels or backers who see only the deals shared with them. Other types don't offer the role. See [Team and roles](/help/team-and-settings/team-and-roles).
- **Suggested titles.** The title picker in **Settings → Team and roles** offers the titles your type usually uses first, for example **Network Manager** and **Deal Lead** in an angel network. See [Titles and approvals](/help/team-and-settings/titles-and-approvals).

What doesn't change: your deals, stages, rubrics, requests, rooms, committee records and permissions. Admins, Partners, Analysts and Committee members can do the same things in every type.

## Choose or change your fund type

1. Open **Settings → Profile**.
2. Under **Fund type**, pick the card that matches how your fund decides. Each card says how it decides and what it adds.
3. Before you save, the line under the cards says what will change, for example "Saving renames the committee to screening committee and updates the sidebar."
4. Click **Save changes**. You see "Fund profile saved. Fund type: Angel network. The sidebar and the screening committee follow it."

The sidebar updates for everyone on the team from their next page. The change is recorded in the [activity log](/help/team-and-settings/exports-and-activity-log) as **Changed the fund type**, with the old and new type.

The setup guide asks for the fund type in its first step, **Fund profile**, so a new fund can set it before anything else.

## Frequently asked questions

### Does changing the type delete members, pitch sessions or cohorts?
No. A section that the new type doesn't use is only hidden from the sidebar. Change the type back and everything is where you left it.

### What happens to Members if we switch from an angel network to a VC fund?
They stay on the team with the Member role, and they still see only the deals shared with members. You can't invite new Members or give someone the Member role until the fund is an angel network or syndicate again.

### We are a VC fund that also runs an SPV now and then. Which type?
Pick **VC fund**. The type describes how most decisions are made.

### Who sets the type for a new fund?
The Delsivo team picks it when they create your fund. Your Admins can change it at any time.