AngelList
| Web address | angel |
|---|---|
| Commercial? | Yes |
|
Type of site
|
Investor matchmaking |
| Available in | English |
| Launched | April 22, 2010 |
AngelList is a US website for startups, angel investors, and job-seekers looking to work at startups.[1] The platform has a mission to democratize the investment process. It started as an online introduction board for tech startups that needed seed funding. Now, the site allows startups to raise money from angel investors free of charge.
AngelList syndicates allow investors to invite other accredited investors to share in the deals. [2]
Contents
History
It was founded in 2010 by serial entrepreneur Naval Ravikant [3]and Babak Nivi.[4] AngelList offers investment syndicates in which startups raise money from accredited investors investing alongside prominent angel investors.[5][6] The company is also looking at equity crowdfunding with unaccredited investors after the passage of the US JOBS Act.[7] Naval cites his own experiences as a serial entrepreneur and the struggles of finding funding, as the impetus for the AngelList platform.
In 2014:[8]
- AngelList raised $104 million online
- The platform funded 243 startups
- 2,673 investors participated in 2014
News
In 2013, AngelList entered into a partnership with CrunchBase, an online tech company database.[9]
As of 2014, AngelList syndicates invested over $100M in US startups.
In February of 2015, AngelList launched its UK syndicate counterpart. The syndicate allows individuals to co-invest with early investors in successful billion dollar European startups. [10] UK residents who invest can take advantage of tax breaks through government backed incentives such as the Enterprise Investment Scheme.[11] However, the European regulatory environment has made it difficult for the UK counterpart to operate as the platform planned.
In October 2015, AngelList received $400M in funding from CSC Venture Capital, the U.S. arm of China Science & Merchants Investment Management Group, also known as CSC Group. Previously, AngelList had raised $205 million from all sources, including $43 million from institutional investors. It is the largest single pool of funds devoted to early-stage startups ever. [12]
See also
References
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- ↑ "Angels Get Carry For Helping A Startup Raise Money With AngelList Syndicates", Techcrunch, 27 Jul 2013
- ↑ "An angel investor’s ultimate guide to AngelList Syndicates", Venturebeat, 29 Jun 2014
- ↑ Tomio Geron, “The Most Influential Angel Investors On AngelList”, Forbes, 1 May 2012.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ "Crunchbase and AngelList Have a Partnership", TechCrunch, 01 May 2012
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