For unregulated vehicles: 20 investors. For regulated vehicles: 149 investors.Related ArticlesHow can I modify the angel voting rights? Does bunch allow me to give an SPV voting right (lead only) or individual angels? Can I take out voting rights from angels with less than X%?Can the SPVs be structured in such a way that only the co-investors bear the bunch fees? Or is it always proportional?Can an individual co-investor sell its shares in the SPV?Can my co-investors be foreign?What documents do my (co-)investors have to sign?