AngelList, an organization that started out by teaming up founders with early-stage investors, is expanding into the private equity space.
In brief:
-Nova currently has over 10,000 investors who invested billions of dollars through the system in the last year
-The startup will continue to run as a business unit within AngelList and packaged within the Investor Management suite of products within AngelList to help the company expand into the larger private markets industry.
-The expansion follows a year of growth for AngelList.
What does this mean?
“AngelList’s business is pretty diversified at this point. We’re operating at significant scale,” Avlok Kohli said. “Going through a giant downturn basically leaves open the ability to consolidate the market. So AngelList is in a position to consolidate the market.”
