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Online Fundraiser AngelList Raises $24M

  • Fortune, Monday, September 23, 2013 12:20 PM
AngelList has quietly raised roughly $24 million at a valuation of around $150 million, Fortune reports. Led by Atlas Venture and Google Ventures, the funds will be used to expand its business, including its “sydicates” program – which Fortune describes as a “digital twist on the fundless sponsor model.” AngelList grew to prominence as a network for connecting entrepreneurs and investors, and has since expanded into recruiting and direct online investment.

 

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