AngelList has raised $24m from 146 investors including the Kauffman Foundation, Google Ventures and Atlas Venture and rolled out major new features for startups, accelerators and investors.
AngelList, based in San Francisco, is a fundraising network for entrepreneurs and investors. It provides tools to make profiles, share information, look for and post jobs, make accelerator applications and – most importantly – do deals. It claims over 1500 startups have used the platform to raise money since 2010.
This week, the company confirmed its new round of funding, with 55 per cent of investors in the group joining through AngelList’s own Invest Online tool, which lets accredited investors make investments starting at $1,000 in select startups.
The company is making the most of relaxed SEC regulations on general solicitation and now allows startups on the platform to announce that they’re raising funding. Also this week, according to TechCrunch, AngelList is adding a “Backers” tool for angel investors to more easily round up syndicate deals and opening up its fundraising platform to accelerators as well as individual startups – as long as any funds raised go to all startups in a programme not just a select few.
For now, AngelList’s Invest Online tool is only available to companies under two years old with no more than one previous funding round – and incorporated in the US.
Image credit: Flickr user PhotoAtelier
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