Flexible, secure, streamlined banking for all VC capital management needs.
Jun 5, 2023 — 4 min read
Venture funds have specific capital management needs and workflows. Historically, these needs have been abstracted across separate processes and portals, requiring manual setup and operations. This fragmentation, combined with ongoing instability in the global banking system, has made it clear to us that VCs need a unified capital management system that offers transparency, flexibility, peace of mind, and optimizes capital utilization.
We’ve helped VCs manage their capital for over eight years. Our infrastructure has moved $57B+ on our ledger, facilitated 170k+ distributions, and initiated 660k+ capital calls to LPs. Since the banking turbulence in March, our multi-bank software has moved $6.4B+. We've now taken this infrastructure and experience, and created a standalone software product to power any venture fund, even those not on our full-service offering.
AngelList Treasury is the first-ever banking product purpose-built to streamline the complex and unique workflows of venture funds. All the best practices of institutional capital management are integrated into a single dashboard. With Treasury, VCs can seamlessly open a Global Systemically Important Bank (GSIB) account, optimize IRR, and consolidate all reporting with the security and real-time data access venture funds need—all in one place.
AngelList Treasury is designed for funds of any stage or size, with any back office provider. Treasury customers have access to:
Venture banking is complicated, but it doesn't need to be fragmented. With Treasury, VCs can set up quickly, operate with precision and confidence, and report from one live, integrated dashboard across all their funds and accounts.
AngelList Treasury is a natural next step in our mission to build the infrastructure that powers the startup economy.
Along with Treasury, over the next few weeks we’ll be rolling out a suite of software products for institutional funds at any stage—regardless of back office provider.
To learn more about Treasury click here. To learn more about AngelList’s Venture Software Suite click here.
AngelList is not a bank nor a lender and is not a member of the FDIC. All banking services are provided through third-party banks. AngelList does not guarantee that every dollar held by a fund in a bank on the AngelList platform will have complete FDIC insurance coverage and AngelList does not provide any insurance on capital held. Any insurance coverage on bank account deposits is provided by the FDIC through third-party banking partners. Any and all underwriting, approval and pricing decisions for CCLoCs are made by the banks and not AngelList. Capital in a money market fund (MMF) is not eligible for FDIC insurance and is subject to a risk of loss. MMFs are not bank deposits. MMFs are investment products. There may be a delay in the ability to deploy capital invested into the MMF. Although the MMF seeks to preserve the value of your investment at $1.00 per share, that is not guaranteed. You could lose money by investing in the MMF. For more information on any MMF, please review the fund’s prospectus. Brokerage services provided by Frec Securities LLC, member FINRA/SIPC, not affiliated with AngelList. AngelList is not a sponsor of any MMFs.