AngelList Revenue, Valuation, Funding & Investors
AngelList is valued at $4B as of April 2022, a 17.9x multiple on its last reported $224M revenue.
Last AngelList valuation
$4B
Series B · Apr 2022
Last AngelList funding round
$44M
Series B · Apr 2022
AngelList revenue
$224M
Series B · Apr 2022
Key investors in AngelList
Accomplice
GV
FJ Labs
Slow Ventures
Bloomberg Beta
Atlas Venture
About AngelList
AngelList is a San Francisco-headquartered platform linking startups, investors, talent, and infrastructure. It facilitates fundraising via rolling funds and syndicates for over 100,000 startups, job placements across thousands of companies, and fund management services. Parent to AngelList Venture, AngelList Talent, and Product Hunt, it holds stakes in more than 20 unicorns including Uber and Stripe.
Founded
2010
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription, Commission
Revenue
$224M (Apr 2022)
Valuation
$4B (Apr 2022)
AngelList Valuation
AngelList is currently valued at $4B, based on its Series B in April 2022.
The $44M round included Vishal Rao, FJ Labs, Nomad Ventures, Ride Home Fund, Sprint Vc and 5 other investors.
AngelList's valuation has grown 27x from $150M at its Series A in September 2013 to $4B in April 2022, across 3 priced rounds.
AngelList valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Apr 2022 | Series B | $4B | 17.9x |
| Mar 2022 | Series B | $4.1B | 18.3x |
| Sep 2013 | Series A | $150M | - |
AngelList Revenue
AngelList's latest recorded revenue is $224M, as of its Series B in April 2022. At a $4B valuation, that implies a 17.9x revenue multiple.
Revenue moved from $224M in March 2022 to $224M in April 2022, while the revenue multiple moved from 18.3x to 17.9x.
AngelList revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Apr 2022 | $224M | $4B | 17.9x | Series B |
| Mar 2022 | $224M | $4.1B | 18.3x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
AngelList Funding History
AngelList has raised a total of $170M across 5 funding rounds.
AngelList's first fundraising round was a $100K seed round in July 2013. The most recent completed round was a $44M Series B in April 2022.
AngelList funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2022 | Series B | Vishal Rao; FJ Labs; Nomad Ventures; Ride Home Fund; Sprint Vc; Angel Collective Opportunity Fund; Kyle Tibbitts; Flex Capital; Beyond Capital; Palumni VC | $44M | $4B | AngelList is a venture capital platform that connects angels and solo general partners with founders and provides software for managing fund logistics and back-office operations. The platform serves the seed and early-stage venture market, offering connectivity and technology typically used by smaller investors and funding rounds. On March 22, 2022, AngelList Venture closed a $100 million Series B round led by Tiger Global and Accomplice at a $4 billion post-money valuation, establishing the company as a unicorn. Following this institutional round, AngelList opened an additional $44 million customer round on April 21, 2022 at a $4 billion pre-money valuation, with participation from the platform's most active general and limited partners—approximately 10% of the active customer base invested in this allocation, representing one of the largest customer rounds ever completed. In 2021, the platform oversaw approximately $10 billion in customer assets, up from $3 billion in 2020, with 7,000 startups raising more than $3.6 billion on the platform including 200 unicorns. By 2022, the number of startups funded on AngelList increased 21% to 8,300, with a 19% increase in fund managers and a 17% increase in limited partners invested in syndicates or funds, though the company did not publicly disclose specific revenue figures at the time of the round. |
| Mar 2022 | Series B | Accomplice (lead); Tiger Global (lead); BBQ Capital; Promus Ventures; Dillon Hattab; Dolik Ventures; Flucas Ventures; Karman Ventures; Bossa Invest | $100M | $4.1B | AngelList is a marketplace and software platform for managing SPVs, venture funds, and private startup investments, supporting fund managers, investors, and founders. It provides infrastructure for capital deployment, including Rolling Funds, syndicates, and fund administration, with over $171B in assets on the platform, 72K active investors, and $10.7B raised by startups including 108 unicorns. In March 2022, AngelList raised $100 million at a $4.1 billion valuation led by Tiger Global and Accomplice, aligning with the specified investors like BBQ Capital, Bossa Invest, Dillon Hattab, Dolik Ventures, Flucas Ventures, Karman Ventures, and Promus Ventures. A $44 million follow-on round followed in April 2022 from its customer base, with 10% of fund managers participating, serving as a retention and alignment mechanism. The platform saw strong growth in 2022 despite macro challenges, reaching $14.7B in total assets supported (up 50% YoY, adding $4.8B), $3.0B capital raised by funds and SPVs (60% from Venture and Rolling Funds), $1.3B by Venture Funds (25% YoY growth vs. industry 6%), $0.5B by Rolling Funds (31% YoY), and $1.2B by syndicates. It funded 8,317 startups (21% YoY growth vs. industry decline), had 45K active investors (17% YoY), and 2,255 active fund managers (19% YoY). Rolling Funds grew 400% from 2020-2023, providing recurring revenue via annual fees, less churny than one-off SPVs. Assets under administration grew 50% to $15B in 2022, with traction among solo GPs and micro-VCs. The platform expanded into institutional funds, cap table management, treasury services, and PE administration for diversification. |
| Mar 2015 | Series B | Accomplice; Slow Ventures; Maven Ventures; Haiyin Capital; Tuesday Capital | $2M | - | - |
| Sep 2013 | Series A | Atlas Venture (lead); GV (lead) | $24M | $150M | AngelList is a US-based marketplace and networking platform that connects angel investors with early-stage startups seeking funding. The platform evolved from a curated mailing list of high-quality angels into a major force in seed-stage fundraising, pioneered by co-founders Naval Ravikant and Babak Nivi who were longtime critics of traditional venture funding practices and lack of transparency in the Valley. By the time of this round, AngelList had facilitated approximately $200 million in investments across its network, with $186 million through introductions and $14 million through its newer direct "invest online" product. In September 2013, AngelList raised $24 million at a post-money valuation of approximately $150 million. The round was led by Google Ventures and Atlas Venture, with the Kauffman Foundation also participating. Notably, the company intentionally structured the round with approximately 146 total investors (with 100+ participating) to prevent any single investor from having too much influence over the company's direction and to avoid perceptions of bias. Fifty-five percent of investors participated through AngelList's own Invest Online service, which allowed participants to invest on the same terms as top-tier co-investors with as little as $1,000. The round coincided with the launch of AngelList's syndicate system, enabling backers to invest in syndicates formed by proven angels. Other notable investors in the round included Kleiner Perkins, Draper Fisher Jurvetson, SV Angel, CrunchFund, 500 Startups, and individuals such as Marc Andreessen and Max Levchin. The platform reported approximately 21,000 investors and 1,300 companies that had successfully raised funding on it at the time of the round. |
| Jul 2013 | Seed | SOSV (lead); Bloomberg Beta; Hard Yaka; Winklevoss Capital; Inovia Capital; Kima Ventures; Jonathan Abrams | $100K | - | - |
Who has invested in AngelList?
32 investors have backed AngelList across its funding rounds, including Accomplice, GV, FJ Labs, Slow Ventures, Bloomberg Beta and Atlas Venture.
Lead investors include Accomplice, Tiger Global, Atlas Venture, GV and SOSV.
AngelList Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Boston, MA | 2 | Lead | Mar 2015 | |
| Austin, TX | 1 | Participant | Apr 2022 | |
| San Francisco, CA | 1 | Participant | Mar 2022 | |
| Chicago, IL | 1 | Participant | Mar 2022 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Dillon Hattab | -- | 1 | Participant | Mar 2022 |
| San Francisco, CA | 1 | Lead | Sep 2013 | |
| San Francisco, CA | 1 | Participant | Mar 2015 | |
| New York City, NY | 1 | Participant | Apr 2022 | |
| San Francisco, CA | 1 | Participant | Jul 2013 | |
| Los Angeles, CA | 1 | Participant | Apr 2022 | |
| San Francisco, CA | 1 | Participant | Mar 2015 | |
| New York City, NY | 1 | Participant | Apr 2022 | |
| New York City, NY | 1 | Participant | Apr 2022 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by AngelList
AngelList has acquired 4 companies to date.
Last acquisition by AngelList was on July 15th 2026. AngelList acquired Ark PES for undisclosed valuation.
Latest Acquisitions by AngelList
| Description | Ark PES provides fund administration software for private capital managers handling venture, private equity, and credit funds. The platform automates investor onboarding, capital calls, distributions, and compliance reporting. Mentored by CFOs from top administrators, Ark PES integrates with CRM and accounting systems for real-time portfolio visibility. San Francisco-based, it serves emerging managers scaling operations globally. | Nova is a subscription platform enhancing operational efficiency for investment firms through digital reporting tools. The service enables investor profile management, collaborative dashboards, and vendor integrations to centralize data and reduce email communications. Nova streamlines compliance workflows with automated provisioning and customizable analytics. New York-based, it serves asset managers with secure data sharing features. | Prospectify is a sales platform cleansing CRM data by identifying and replacing decayed contacts with verified leads. It scans Salesforce and HubSpot databases daily, boosting accuracy to 95%. Tel Aviv-based, Prospectify serves B2B teams in tech, adding 10,000 prospects monthly since 2022. | Product Hunt is a San Francisco-headquartered platform launched in 2013 for discovering new tech products. Community members submit and upvote daily launches, creating leaderboards for apps, tools, and hardware. It features curated collections and hosts virtual events like Ship for makers worldwide. |
| HQ Country | | | | |
| HQ City | Boston, MA | Dallas, TX | Tempe, AZ | San Francisco, CA |
| Deal Date | 15 Jul 2026 | 28 Jul 2023 | 8 Aug 2019 | 1 Dec 2016 |
| Valuation | undisclosed | undisclosed | undisclosed | $20M |
| EV/Revenue | ||||
| EV/EBITDA | ||||
This data is available for Pro users. Sign up to see all AngelList acquisitions and their M&A valuation multiples. Start Free Trial | ||||
Investments by AngelList
AngelList has invested in 129 companies to date.
Latest investment by AngelList was on March 17th 2026. AngelList invested in Datakrew in their $3M Seed round.
Latest Investments by AngelList
| Description | Datakrew is a deep-tech spinoff from Nanyang Technological University in Singapore. The company builds IoT, AI, and data security solutions that support large-scale applications via monitoring, automation, diagnostics, and security with military-grade privacy. | Ambak is a Lagos-headquartered B2B lending platform in Nigeria that facilitates quick home improvement loans for small businesses and retailers. Merchants access financing up to NGN 5 million within 24 hours for renovations, expansions, or inventory via a digital marketplace connecting them with banks like Zenith and GTBank. Ambak uses alternative data scoring for SMEs lacking collateral, disbursing funds for POS installations, shop fittings, and solar panels. The platform partners with e-commerce sites like Jumia for integrated repayments and serves kirana stores in Lagos, Abuja, and Port Harcourt. Annual loan book exceeds NGN 2 billion. | Hardline is a SaaS platform enabling voice-activated documentation for construction project management. Construction teams dictate updates via phone calls, which the system transcribes into structured entries for daily logs, tasks, RFIs, and submittals. It integrates directly with Procore, Buildertrend, and Autodesk Construction Cloud for real-time syncing. Headquartered in Oakland, California, Hardline equips superintendents at firms nationwide, capturing field conversations without halting workflows on iOS and Android devices. | axiTrust is a Berlin-based FinTech firm delivering digital surety bonds and risk management platforms for secure financial transactions. Its solutions include electronic guarantees, digital signatures via qualified electronic seals, and real-time verification tools compliant with eIDAS regulations. Serving banks, insurers, and exporters in Europe, axiTrust streamlines cross-border trade finance by automating document workflows and reducing fraud exposure. | |
| HQ Country |  |  | | | |
| HQ City | Singapore | Gurgaon | Los Angeles, CA | Mumbai | |
| Deal Date | 17 Mar 2026 | 2 Dec 2025 | 2 Jun 2025 | 28 Mar 2025 | |
| Round | Seed | Series A | Angel | Seed | |
| Raised | $3M | $8M | $400K | $3M | |
| Investors | Seeds Capital; XA Network; BEENEXT; Greenwillow Capital Management; 500 Global | Ojaswa Sharma; AdvantEdge Founders; Calabasas Ventures; Anil Goteti; DeVC; Z47; Sushmita Mathur; Peak XV Partners | Suffolk Technologies | General Catalyst; Good Capital; Veltis Capital | |
| Valuation | undisclosed | $50M | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all AngelList investments and their VC round multiples. Start Free Trial | |||||
AngelList Competitors
AngelList competitors include listed companies like Seek and BOSS Zhipin, and private ones like Mercor, Whop, Handshake and RigUp.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | $500M | - | $10B | 20.0x | |
| New York City, NY | Private | $142M | - | $1.6B | 11.3x | |
| San Francisco, CA | Private | $120M | - | $3.5B | 29.2x | |
 Australia | Publicly listed | $914M | ($63M) | $3.1B | 4.5x | |
| Austin, TX | Private | - | - | $2.9B | - | |
 China | Publicly listed | $1.2B | $493M | $6.6B | 2.6x |
AngelList Public Comps
AngelList is still privately-owned, but its public comps include StepStone Group, PhysicsWallah, Mercari, Wendel, SMG Swiss Marketplace Group, Bridgepoint Group, Eurazeo, BOC International China, Reinet Investments and Harbourvest Global Private Equity.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2B | ($839M) | 3.3x | 4.7x | (7.8x) | 10.0x | |||
| $404M | $44M | 8.5x | 7.5x | 79.3x | 54.6x | |||
| $1.5B | $282M | 2.4x | 2.4x | 12.7x | 11.7x | |||
| $8.7B | $1.6B | 1.2x | 1.2x | 6.9x | 7.6x | |||
| $404M | $175M | 8.4x | 7.7x | 19.5x | 13.9x | |||
| $639M | $249M | 5.9x | 4.3x | 15.1x | 7.8x | |||
| $479M | ($370M) | 11.5x | 12.2x | (14.9x) | (389.3x) | |||
| $506M | - | 9.2x | - | - | - | |||
This data is available for Pro users. Sign up to see all AngelList competitors and their valuation data. Start Free Trial | ||||||||
Common questions about AngelList
| When was AngelList founded? | AngelList was founded in 2010. |
| Where is AngelList headquartered? | AngelList is headquartered in San Francisco, CA, United States. |
| Is AngelList publicly listed? | No, AngelList is a private, VC-backed company. |
| What is AngelList's valuation? | AngelList was last valued at $4B in its Series B in April 2022. |
| How much funding has AngelList raised? | AngelList has raised $170M across 5 funding rounds. |
| What was AngelList's last funding round? | AngelList's last funding round was a $44M Series B in April 2022. |
| Who are AngelList's investors? | AngelList's investors include Accomplice, Vishal Rao, BBQ Capital, Promus Ventures, Dillon Hattab, GV, Slow Ventures, FJ Labs, Bloomberg Beta, Nomad Ventures and 22 others. |
| What is AngelList's revenue? | AngelList's latest recorded revenue is $224M (April 2022). |
| What is AngelList's revenue multiple? | AngelList's latest valuation implies a 17.9x revenue multiple ($4B valuation on $224M of revenue). |
| Which companies are comparable to AngelList? | Companies comparable to AngelList include Mercor, Whop, Handshake, Seek, RigUp and BOSS Zhipin. |
| How many companies has AngelList acquired? | AngelList has acquired 4 companies, including Ark PES, Nova, Prospectify and Product Hunt. |
| What was the largest acquisition by AngelList? | The $20M acquisition of Product Hunt in December 2016 is the largest acquisition AngelList has made to date. |
| How many companies has AngelList invested in? | AngelList has invested in 129 companies, including Datakrew, Ambak, Hardline, axiTrust, Whisper Software, Phonicx AI, Airbuild and PodcastAI. |
| What was AngelList's last investment? | In March 2026, AngelList invested in Datakrew's $3M seed round alongside Seeds Capital, XA Network, BEENEXT and 2 other investors. |
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