Angellist raises $25M fund to invest in Syndicates on its platform

April 15, 2014

From WSJ.D

A new experiment in startup funding could have widespread ramifications for the way venture capitalists place bets on young companies.

On Tuesday, crowdsourced fundraising site AngelList unveiled a new fund that has raised about $25 million from limited partners who traditionally invest in venture-capital funds. The fund, called Maiden Lane, will bet about $200,000 each on the site’s top investors and on select startups picked by them.

The arrangement gives prominent individual investors–so-called angels–more leverage to write bigger checks for promising startups, while also ensuring limited partners get more direct access to startups with fewer fees.

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