Tuesday, list of angels The enterprise closed its first tranche of institutional financing since its inception in 2020. The $100 million round was led by Tiger Global and Eclipse, valuing the company at $4.1 billion.
This was not necessarily expected. The CEO of the organization, Avlok Kohli, told me that the company does not need venture capital. This position at AngelList, which was founded in 2010 and split into AngelList Venture and AngelList Talent in 2020, each with its own CEO and board members, has long been embraced.
Despite their activities in helping other startups raise funds, AngelList Ventures has largely resisted the VC siren signals and managed a budget that others might see as high. Indeed, before raising this major new round, the larger Pre-Spinout raised $124 million in multiple rounds, some of which were previously unannounced.