CoinList and AngelList Team Up to Unlock Crypto SPVs & Crypto RUVs
In 2013, AngelList invented the Syndicate model, enabling angels and emerging fund managers to bring a group of their investors along into single startup investments they sourced, via Special Purpose Vehicles (SPVs).
The crypto industry quickly adapted the private Syndicates model as regulatory concerns in 2018 put a pause on public ICOs. Even with the return of public token sales, private token sales have remained a key part of engaging key stakeholders for early stage crypto startups.
Until now, SPVs on AngelList have not been deeply tailored to the conventions of the crypto startup markets.
Today, we’re excited to partner with AngelList to launch Crypto SPVs, enabling capital allocators to raise with Syndicates and manage crypto startup investments the crypto way.
AngelList Crypto SPVs can be funded in stablecoins (now $0 funding fee!) – tokens can be distributed in-kind to LPs, with CoinList integration coming soon – and are compatible with many non-US token issuers and investors.
AngelList SPVs have deployed more than $5B of capital since 2013, and this launch opens up their network of over 72K syndicate-focused LPs to access the crypto ecosystem.
AngelList brings 10+ years of operational experience to the partnership, building technology to help manage complex legal requirements and the tax filings necessary to execute these deals. This means LPs get timely K-1s and their paperwork remains in the hands of battle-tested fund admin professionals.
CoinList brings 7+ years of expertise in crypto markets with 12M+ global users directly supporting 100+ builders in the ecosystem. Instantly get started by launching a Crypto SPV within your Syndicate here »
If you're looking to back a Crypto Syndicate, ensure you have a verified investor account on AngelList and explore Syndicates here »
AngelList Crypto RUVs
AngelList introduced RUVs (Roll Up Vehicles) to the startup ecosystem in 2020, to help founders manage the complexities of getting many smaller investors onto their cap table.
Now, they are bringing RUVs to crypto startups.
Crypto startups are built with strong community leaders, which often means including lots of angel investors in your round.
Closing a few firms is hard enough, now with an army of angels backing you there are dozens of people who need to sign paperwork, send money, and get proper reporting on an ongoing basis.
Now, with a single link, the Crypto RUV will collect all commitments for your investment round ($0 fee stablecoins accepted), and AngelList Crypto RUVs handle the rest.
This product is great for crypto startups that want to be sure to bring in a strong early community but don’t want the initial and ongoing complexity of managing compliance for many stakeholders.
To get started, click here and let us know you are interested in Crypto RUVs.
Legal notice
Investing in startups is inherently risky and only suitable for sophisticated, accredited investors. Nothing in this announcement constitutes legal, tax, or financial advice; nor is it an offer to buy or sell securities.