AngelList launches Angel Funds

By Alastair Goldfisher — 1 year ago

AngelList, which operates an investment syndicate and helps job seekers find employment at startups, announced today it was launching Angel Funds to help angels start venture funds without the overhead. Venture firm Maiden Lane, an AngelList backer, has committed $35 million to help back angel funds. AngelList co-founder Babak Nivi wrote in a blog post that Angel Funds will provide the infrastructure and capital.

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Afore Capital closes on nearly $46 mln

By Kaitlyn Landgraf Bartley — 1 year ago

Afore Capital announced it has closed on $45.875 million in funding, slightly less than its targeted $46 million, according to a regulatory filing. The San Francisco-based firm is led by Anamitra Banerji, formerly a partner at Foundation Capital, and Gaurav Jain, formerly a principal at Founder Collective. The firm announced in August that it was targeting a $40 million fund. To date, 41 investors have committed to the fund.

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Hesong Tang’s maiden venture fund raises $261 mln

By Mark Boslet — 1 year ago

Hesong Tang has raised $261 million for a maiden fund, Xiang He Fund I, according to a filing with the SEC. Tang also raised the target for the fund to $300 million from $250 million. Twenty-three LPs have participated. Tang is a former venture partner at IDG Capital and former vice president at Baidu. The […]

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