Q2 Releases & Product Updates

As we wrap the first half of 2024, the team has launched an array of new releases and product enhancements across our offerings for funds, investors, and founders.

As AngelList continues to innovate across our product lines, we're focused not only on enhancing our current infrastructure but also on releasing new products and features across all software offerings. These product updates aim to provide transparency into these efforts to keep our partners and community up-to-date on AngelList's offerings across private markets.

Full Service Fund Management

AngelList offers an all-in-one solution for fund managers looking to launch, run, and scale a fund. We pair our software with Belltower's fund admin services for venture funds, rolling funds, and syndicates.

[Spotlight Feature] Notifications – know exactly when you need to take action to complete investments or finalize deals. You can now view and address required actions directly within your AngelList dashboard, making the process seamless. This feature is currently available for SPVs and will be rolled out to all users in the coming months.

Additional Releases:

• Closed Period Accounting – to enhance financial reporting accuracy for GPs, LPs, and auditors, all funds will now go through an official quarterly close, where the data is reviewed by multiple parties to ensure continued accuracy.
• Counter-signed investment documents – GPs and LPs can now access fully signed documents immediately after completing an investment instead of having to wait for a digital signature certificate.

Investor Management

For funds larger than $150M, AngelList provides fund admin-agnostic software for you to prospect, close, and nurture long-term investor relationships – all within a unified platform. You can impress your investors from day one with software modernizing Data Rooms, digital sub docs, and investor portals.

[Spotlight Feature] Deeper transparency for LPs into authorized signatory flows – your investors can now see a breakdown of their invited Reviewers, the review status, and timestamp when reviewing their Transaction progress along with the ability to send reminders with a single button.

Additional Releases:

• Advance filtering for transactions – when looking to see which LPs submitted docs within a specific date range, you can now filter by 'Status' within your Transact dashboard.
• Basic reporting within Transact – IR and Sales teams can now easily export reports on pipeline summaries and comprehensive subscription data exports.
• Enhanced transaction overviews – a high-level overview, including an investor's entity, transaction state, and the last time the status changed, is now displayed at the top of your view when you click into a Transaction.
• Added clarity for investors– LPs can now see exactly how far into the onboarding process they are with a new panel showing updates, step-by-step progress, and what's remaining in each step.
• Refreshed template settings lander – users will now see a refreshed highlights panel when viewing a transaction template.

Portfolio Management

AngelList provides comprehensive, AI-powered portfolio management software (Relay) to centralize all portfolio data and help firms execute key workflows such as valuation updates, SOI reconciliation, and monitoring portfolio company key performance using data from company updates and legal documents.

[Spotlight Feature] SOI reconciliation - save hours reconciling discrepancies between the investment data managed by your firm and the SOI generated by your fund admin. You can now upload an SOI into Relay, which will automatically parse the document and compare it to the data stored in your Relay instance. All discrepancies are then highlighted and displayed for you to review.

Additional Releases:

• Advance filtering on the Portfolio Index table – users can now filter by "Runway available" along with other values directly on the Portfolio Index Table through a new collapsible menu displaying all available filters.
• Firm switcher – GPs and Fractional CFOs who manage multiple venture funds on Relay can now seamlessly switch between viewing different funds.
• New terms parsed – adding to the 65+ terms able to be parsed, "Gross Margin" is now automatically parsed from company updates and displayed within Relay.

Equity Management for Founders

For companies from pre-seed to $5B in valuation, AngelList’s cap table software removes the friction from managing startups’ greatest asset, their equity. Draft and sign options, shares, or SAFEs all from one connected product. Give employees and shareholders secure dashboards to track vesting, exercise their options, and access important documents.

[Spotlight Feature] Stock splits – companies and their law firms can now create and review a stock split directly within AngelList Equity, without having to wait for a support team to update details. Users can access a sandbox cap table to collaborate, review, and edit a split before publishing to the cap table, support for forward and reverse splits, and more.

Additional Releases:

• Generate cap table Pro Formas – users can now model future financings within AngelList by entering a few details and then have an Excel pro forma automatically generated that supports complex conversions, pro rata, MFN, and more.

Stay Tuned

Be on the lookout as we continue to ship updates across our product offerings for funds, startups, and investors. We’re excited to continue to evolve our product offerings as we continue to build the infrastructure that powers the startup economy.

If you have questions on any of the above releases, product offerings, or upcoming features—don’t hesitate to reach out to your account manager or contact our team directly here. To learn more about our products, visit AngelList.com.

Thank you for being a part of the AngelList community!