AngelList’s eplatform For Funding has Launched in India
AngelList, created in 2010 by Naval Ravikant and Babak Nivi. is a U.S. website for startups, angel investors, and job-seekers looking to work at startups. They started with a list of 25 investors with whom they shared the interesting companies to invest in.
The platform is helping the startups with their challenges in fundraising and talent and it aims to democratize the investment process. The site allows startups to raise money from angel investors free of charge since 2015. It has also become a resource for investors looking to boost deal flow and connect with other investors.
AngelList, an online platform has launched its venture and angel fund product in India that will allow individuals to raise small blind pools of capital and deploy them in a span of 6-12 months, still focusing on their day jobs and which also startups can use to raise capital and recruit people.
The byte-sized funds will be able to use its technology platform to manage its investments and AngelList will manage the legal and regulatory aspects of raising and investing the capital. These angels and venture funds are structured in such a way that AngelList will charge a 5% fee and that the fund managers make 15% of the profits. 50% of all investments on the platform being driven by angel or venture funds seen over by the product which was conceptualized by AngelList a few years ago in the United States.
It’s the first time when an individual can raise funds with any legal or regulatory hassles and it is fully managed by technology. One of the funds hosted by AngelList’s new offering is First Cheque, an early-stage investment fund backed by several successful startup founders. The other major focus for the US firm regarding venture and angel funds in India is the Alumni Associations of Premium Management and technical colleges.
Shishir Gupta, The Founder of StartupLanes says:
AngelList is a great platform for Entrepreneurs and Investors. It is going to create a lot of value for the entire startup ecosystem. We hope to share deals from the StartupLanes ecosystem with AngelList in future.
At the time of publishing this article, AngelList has 246 employees listed on LinkedIn.
AngelList is headquartered in San Francisco, CA and has 9 office locations across 2 countries.