Total amount raised
$4.1 Billions
Latest funding date
4/1/2022
Location
AngelList has successfully raised significant funding through multiple rounds, attracting a diverse group of 64 investors, including Beyond Capital and FJ Labs. The platform offers a suite of services designed to support venture capital activities, from raising capital to managing portfolios.
Keep reading to explore the intricacies of AngelList's fundraising journey and the investors backing this innovative platform.
What Is AngelList?
AngelList, founded in 2010 by Babak Nivi and Naval Ravikant, is headquartered in San Francisco, California. The platform connects investors with early-stage startups, offering a range of services from venture funds to job-seeking support.
With a team of 101-250 employees, AngelList has grown to become a pivotal player in the venture capital space. The company also operates AngelList Venture, AngelList Talent, and Product Hunt, expanding its reach and impact.
AngelList's comprehensive suite of tools and services makes it a go-to platform for both investors and innovators, facilitating seamless fundraising and investment processes.
How Much Funding Has AngelList Raised?
- Series A
- Amount Raised: $24M
- Date: September 2013
- Lead Investors: Atlas Venture, Google Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and reach more early-stage startups.
- Seed Round
- Amount Raised: $100K
- Date: July 2013
- Lead Investors: SOSV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial development and market entry.
- Series B
- Amount Raised: $2.1M
- Date: March 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance platform features.
- Series B
- Amount Raised: $100M
- Date: March 2022
- Lead Investors: Accomplice, Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand service offerings.
- Series B
- Amount Raised: $44M
- Date: April 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: $4B
- Motivation Behind the Round: To allow platform users to invest in AngelList, aligning with the mission to increase innovation.
Total Amount Raised: $170.2M. Current Valuation: $4B.
Key Investors
- Accomplice
- Details: Accomplice is a venture capital firm that focuses on early-stage technology companies. They have a strong presence in the Boston and New York startup ecosystems.
- Investment Focus Areas: Technology, software, consumer products.
- Notable Investments: DraftKings, Carbon Black, AngelList.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that manages hedge funds and private equity funds. They are known for their aggressive investment strategy in technology and internet companies.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Atlas Venture
- Details: Atlas Venture is a venture capital firm that invests in early-stage biotech companies. They are based in Cambridge, Massachusetts, and have a strong focus on innovation in the life sciences sector.
- Investment Focus Areas: Biotech, life sciences, healthcare.
- Notable Investments: Alnylam Pharmaceuticals, Blueprint Medicines.
- Google Ventures (GV)
- Details: Google Ventures, also known as GV, is the venture capital arm of Alphabet Inc. They invest in a wide range of industries, leveraging Google's resources and expertise.
- Investment Focus Areas: Life sciences, healthcare, artificial intelligence, robotics, transportation, cyber security, agriculture.
- Notable Investments: Uber, Nest, Slack.
- SOSV
- Details: SOSV is a global venture capital firm that operates accelerator programs in hardware, software, and life sciences. They provide seed, venture, and growth-stage funding to startups.
- Investment Focus Areas: Hardware, software, life sciences.
- Notable Investments: BitMEX, Formlabs, NotCo.
What's Next for AngelList?
AngelList's recent $44 million raise from 10% of its customer base highlights a significant opportunity for growth. This capital injection can be leveraged to expand services, invest in new technologies, and enter untapped markets. The strong customer support underscores the platform's potential to attract even more investment in future rounds.
Future fundraising opportunities appear promising, given the high level of engagement from its existing user base. If AngelList can maintain this momentum, it could see substantial financial backing in subsequent rounds. However, the company must navigate challenges such as maintaining customer trust and differentiating itself in a competitive fintech landscape.
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