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AngelList vs. Carta

Speak to an expert about how AngelList can remove friction and reduce costs for your fund.

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The AngelList Advantage:
Service, Savings, and Security

For over a decade, AngelList has focused on making fund managers successful

Unparalleled support

Work with an associate backed by state-of-the-art software and a team of industry-leading accountants, tax professionals, and lawyers.

  • Guaranteed 48-hour SLAs and same-day wire support

  • Dedicated investor relations support for LP onboarding and questions

  • Support from a team of top-tier associates with backgrounds in consulting, finance, and tech

  • A dedicated point-of-contact for all types of inquiries

  • Guidance from experienced accountants, tax professionals, and lawyers

  • Full-stack software ensures continuity of service and prevents unforced errors

No hidden fees, ever

All costs are clearly communicated from day one. With AngelList, there are no unwanted surprises for you or your LPs.

  • Tax reporting for all your LPs

  • Unlimited KYC & AML checks

  • Template formation documents, side letters, and document review

  • Unlimited capital calls

  • Investor onboarding, portals, and communications, at no additional expense

  • Audit support and quarterly financial statements

Compliance partner

Safeguard your fund by partnering with AngelList to meet compliance requirements.

  • Investment reviews for correct economic terms and legal entity names

  • Form ADV filings (if all your funds are on our platform)

  • Fund entity formation and Form D filings

  • Summaries of your portfolio companies’ subsequent series financing events

  • Valuation updates that meet ASC 820 reporting standards for accuracy

  • Distribution reviews by tax and accounting team to ensure veracity

What fund managers are saying

Follow @AngelList

Zach Coelius
Zach Coelius@zachcoelius
Another superpower is the incredibly quality of the analyst team @angellist hires. They are the backbone of the company and I would never have been able to do 1/10th of this without their amazing support. 24 hours a day they get shit done.
Mar 15, 2022, 7:12 PM
Masha Bucher
Masha Bucher@mashadrokova
One of the best experiences I had since a while - @AngelList team helping us out with an SPV and timely wires in the middle of holidays. Kudos to this amazing team!
Dec 29, 2021, 11:00 PM
Shane Feldberg | General Partner VC Feld Ventures
Shane Feldberg | General Partner VC Feld Ventures@ShaneFelds
@AngelList support is tremendous. I’m very impressed.
Nov 24, 2021, 2:15 AM
Responsibly Ventures
Responsibly Ventures@ResponsiblyVC
Shoutout to @AngelList for being an excellent platform -- helping us launch our $10M traditional PreSeed VC Impact Fund under the 506(c) exemption.💚
May 19, 2021, 7:39 PM
Joshua Baer ⚙️
Joshua Baer ⚙️@JoshuaBaer
I love both @angellist and @cartainc but the thing I like better about AL is that they have an abundance mentality and are driving costs down through automation, while C offers low cost to capture market share and then jacks up the prices once they think you are locked in.
Nov 20, 2022, 4:34 PM
Eunice Ajim
Eunice Ajim@euniceajim
@ankurnagpal @AngelList I run on AngelList and I love them as my fund admin. They’ve made my life super easy as a first time fund manager.
Apr 6, 2022, 7:19 PM
Wiz 👨‍🚀
Wiz 👨‍🚀@WizLikeWizard
On an email thread with fund admins from Carta and AngelList. Feeling grateful for the level of support we get from @nichole_nguyen and rest of @AngelList 🙃
May 2, 2022, 7:50 PM
Zach Coelius
Zach Coelius@zachcoelius
Another superpower is the incredibly quality of the analyst team @angellist hires. They are the backbone of the company and I would never have been able to do 1/10th of this without their amazing support. 24 hours a day they get shit done.
Mar 15, 2022, 7:12 PM
Masha Bucher
Masha Bucher@mashadrokova
One of the best experiences I had since a while - @AngelList team helping us out with an SPV and timely wires in the middle of holidays. Kudos to this amazing team!
Dec 29, 2021, 11:00 PM
Shane Feldberg | General Partner VC Feld Ventures
Shane Feldberg | General Partner VC Feld Ventures@ShaneFelds
@AngelList support is tremendous. I’m very impressed.
Nov 24, 2021, 2:15 AM
Responsibly Ventures
Responsibly Ventures@ResponsiblyVC
Shoutout to @AngelList for being an excellent platform -- helping us launch our $10M traditional PreSeed VC Impact Fund under the 506(c) exemption.💚
May 19, 2021, 7:39 PM
Joshua Baer ⚙️
Joshua Baer ⚙️@JoshuaBaer
I love both @angellist and @cartainc but the thing I like better about AL is that they have an abundance mentality and are driving costs down through automation, while C offers low cost to capture market share and then jacks up the prices once they think you are locked in.
Nov 20, 2022, 4:34 PM
Eunice Ajim
Eunice Ajim@euniceajim
@ankurnagpal @AngelList I run on AngelList and I love them as my fund admin. They’ve made my life super easy as a first time fund manager.
Apr 6, 2022, 7:19 PM
Wiz 👨‍🚀
Wiz 👨‍🚀@WizLikeWizard
On an email thread with fund admins from Carta and AngelList. Feeling grateful for the level of support we get from @nichole_nguyen and rest of @AngelList 🙃
May 2, 2022, 7:50 PM

One partner for all your venture needs

Power your entire back office with our world-class software.

Service
AngelList
Carta

Fund admin

End-to-end fund administration support provided via a dedicated account manager and investor relations team

Fund filings

State and federal fund registration and maintenance

Certain filings via a third-party for additional fee

Legal fund formation

Customizable fund formation documents, vetted by top law firms

Template documents available for additional fee

Investor closing

Online closing and signing process for LPs: unlimited KYC, AML, and accreditation checks for 506(b) and 506(c) offerings

60 investor KYC/AML available for additional fee;
no accreditation checks for 506(c) offerings

Protective transaction reviews

Economic terms verification on every investment

Referral to outside counsel

Tax services

Prepare and distribute K-1, K-2, and K-3s; make 1065 filings, and track income and expenses

Prepared by third-party provider

Fundraising platform

Access to AngelList platform LPs, who’ve invested $2.3B to date in AngelList funds and syndicates

No LP network

* available only for certain pricing tiers
** Third-party comparison based on publicly available materials

Fund Managers choose
AngelList over Carta

I have received much better account management from AngelList than I’ve ever received at Carta… I’m really happy about this move
Matt Brezina
Managing Partner, Ford Street Ventures
I use AngelList over Carta as my partner because there’s reduced complexity on fund formation and management, which means less work for a solo GP like me.
Lolita Taub
Managing Partner, Ganas VC
AngelList’s dashboard makes handling investment-related workflows easy, the team is super responsive, moves fast, and makes it easy to handle new investments.
Swapnil Shinde
Managing Partner, Twin Ventures

Ready to
make a move?

Get started with AngelList

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Disclaimer:

The information contained herein is provided for informational and discussion purposes only and is not intended to be a recommendation for any investment, service, product, or other advice of any kind, and shall not constitute or imply an offer of any kind. Any investment opportunities and/or products or services shown here will only be completed pursuant to formal offering materials, a letter of intent, and/or any other agreements as determined by AngelList containing full details regarding risks, minimum investment, fees, and expenses of such transaction. Any examples are provided for illustrative purposes only and do not constitute a guarantee or prediction of any particular investment outcome. Investing in funds is inherently risky and illiquid, and comes with the risk of losing all or a substantial portion of an investment. Any references on this website to USVC are provided for informational purposes only. USVC is a separate investment product from AngelList’s platform products and services. USVC is a registered closed-end fund managed by AngelList Asset Management LLC (“AAM”), an SEC-registered investment adviser that operates independently from AngelList’s platform businesses. Nothing on this website constitutes an offer to sell, or a solicitation of an offer to buy, shares of USVC; shares of USVC are offered only by prospectus, which contains important information about the fund’s investment objectives, risks, charges, and expenses and is available at usvc.com. The terms of any product, service, or particular investment opportunity, including size, costs, and other characteristics, are set forth in the applicable constituent documents for such product, service or particular investment opportunity and may differ materially from those presented in this presentation. Such terms are subject to change without notice. For more information on AngelList and its products and services, please see here.

Quotes included in these materials related to AngelList's services should not be construed in any way as an endorsement of AngelList's advice, analysis, or other service rendered to its clients.