AngelList pioneers rolling VC funds in pivot to SaaS

Aleksandra Smelianska
Product marketer helping to build and launch products people l...
AngelList pioneers rolling VC funds in pivot to SaaS

When AngelList first launched rolling funds, an investment vehicle that raises money through a quarterly subscription from interested investors, the company looked at it as a bet.

But early interest from emerging fund managers indicates that rolling funds might be more of the future of the company.

Rolling funds were created as a potential path for emerging venture capitalists to start and close their first funds in a faster fashion. Fund managers raise new capital commitments on a quarterly basis and invest as they go, ergo “rolling” investment vehicles. Investors come on for a minimum one-year commitment, then invest at a quarterly cadence. The flexibility could allow LPs to bet on new fund managers, and new fund managers to bet on more diverse LPs.