Seed Space Venture Capital on LinkedIn: #fintech #venturecapital #startups #investment #portfolio #companies…
Summary
\U0001f6a8 \U0001d63d\U0001d64d\U0001d640\U0001d63c\U0001d646\U0001d644\U0001d649\U0001d642: AngelList expands into private equity with the acquisition of Y Combinator-backed FinTech startup Nova. With its mid-June acquisition of Nova (only the companys second buy since inception), which has built investor management software for institutional private funds, AngelList continues to broaden its scope. Over the years, for example, AngelList has moved from solely serving micro-funds to launching SPVs to pioneering the concept of rolling funds, which are investment vehicles that raise money through a quarterly subscription from interested investors. Another offering is Stack, a suite of products designed to compete with Carta in providing services to help founders start, operate and maintain ownership over their companies. This includes serving the GPs and LPs in the fundsOver the years, we have continued to move up market.