AngelList Venture gets a new look – TechCrunch
On Tuesday, AngelList The venture closed its first round of institutional funding since the turnaround in 2020. $100 million round led by Tiger Global and Company, enterprise valuation of $4.1 billion.
It is not necessarily expected. The round comes just weeks after the organization’s CEO, Avlok Kohli, told me the company didn’t need venture money, a view AngelList, founded in 2010 and split into AngelList Ventures and AngelList Talent in 2020 – each with a CEO and board of directors – have long accepted.
While the business helps other startups raise capital, AngelList Ventures itself has largely resisted the call for venture capital and gone for what others might consider a budget. tight. Indeed, prior to raising this massive new round, the larger company, prior to the spin out, had raised $124 million over multiple rounds over the years – some unannounced.