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Rolling Funds

Continuous fundraising for modern VCs

Trusted platform for venture investing

Unicorn investments
Funds and syndicates
Assets on platform

Invest on your own terms

Always-on, public fundraising

Accept new LP capital quarterly and fundraise publicly to maintain momentum. Rolling Funds fall under SEC Rule 506(c), allowing you to publicly market your fund.

Start investing right away

Don’t miss out on deal flow. Rolling Funds use a fund structure proprietary to AngelList and an always-on, quarterly subscription model so you can start investing with less capital upfront.

Reliable back-office support

Stay focused on investing while a dedicated account team supports you and your LPs, from fund launch to ongoing fund operations.

Central GP dashboard

LP commitments, tax documents, and wires are visible in your GP dashboard. We prepare and distribute all tax documents, including K-1s, for the lifetime of the fund.

Modern software, premium service

Manage fund operations from your central GP dashboard. AngelList fund administration is engineered for venture capital.

Customer spotlight
Former inst. operator

Sarah Smith Fund

GP
Sarah Smith
Previous Firm
Bain Capital Ventures
LP commitment
8 quarters
For the Rolling Fund specifically, I wanted to be in business from day one. The nice thing is you can always be accepting new LPs with the Rolling Fund. Literally the day I wanted to start, I was able to start investing in companies and not turn off my deal flow.
Sarah Smith 
Former founder

Capital Factory

GP
Joshua Baer
Startup Investments
750+
Investment Vehicles
Rolling Funds, SPVs, Venture Funds
We've been on AngelList from the beginning, from our first Rolling Fund to our most recent $125M SPV. The platform keeps getting more efficient and adding more features, and their white-glove support helps us launch different fund structures and close LPs at any scale.
Joshua Baer
Founder

Immad Akhund Rolling Fund

GP
Immad Akhund
Founder & CEO
Mercury
Successful exit
Heyzap (YC W09)
My LP commitments have consistently grown by over 30% per quarter for the three quarters I’ve operated my Rolling Fund. Currently, I’m able to invest $2.7M per year.
Immad Akhund

Built for continuous capital

We partner with you to establish the right infrastructure, tailored to your fund’s quarterly raise.

Select the ideal infrastructure:

  • Fund administration
  • Fund banking & wiring
  • Fund accounting & taxes
  • Fundraising platform
  • GP dashboard
  • Investor closing
  • LP portal
  • Valuation support
  • Dedicated account management
  • Fund formation

Launch your Rolling Fund

Partner with AngelList to launch your Rolling Fund, allowing you to continuously raise as you uncover new deal flow.

Your questions answered

Rolling Funds are structured as a series of quarterly funds. Unlike investing in a traditional Venture Fund, Rolling Funds offer limited partners (LPs) two distinct features:

LPs follow a flexible, quarterly investment schedule rather than a one-time commitment to a fund. An LP participates in investments the fund makes for each quarterly fund the LP invests in.
LPs can subscribe for future quarterly funds in advance and easily commit more or less capital as their investment goals change.

To learn more, contact our team.

While fund managers can talk publicly about their fundraising, they can only accept capital from Accredited Investors. Under Rule 506(c), fund managers must verify the accredited investor status of each investor participating in the fund. As part of our product offering, AngelList verifies the accreditation status of investors directly on the platform. Learn more here.

Rolling Funds work best for fund managers who have consistent deal flow, access to capital, and make a minimum of 3 investments per quarter.

If you are looking to deploy fewer than 3 deals per quarter, we recommend you consider a Venture Fund, which allows you to deploy deals at any pace, or Syndicate offerings, which allow fundraising for individual SPVs.