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AngelList Gets $400M From Chinese PE Firm
One of the largest private-equity firms in China is pumping $400 million into crowdfunding platform AngelList. “That might not sound like a lot for a venture-capital firm, but it is the largest single pool of funds devoted to early-stage startups – ever,” The Wall Street Journal reports. “When it comes to investing in early stage companies, $400 million gets you into a lot of them.”
