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We're excited to announce that AngelList has acquired Tome.
Tome addressed the time-consuming challenge VCs and founders face when manually parsing dense legal documents — often delaying deal closings — by creating AI-powered software that instantly summarizes term sheets and other key materials for follow-on rounds.
With this acquisition, we will integrate Tome’s software into AngelList’s backend operations to turn dense financing documents into easy-to-understand one-pagers for our fund managers.
Overview
At AngelList, we’re redefining fund operations with tech-enabled infrastructure for funds, investors, and founders across private markets. With this, we continuously evaluate internal and external opportunities to accelerate our rate of product innovation—and the work the Tome team was doing stood out.
With more than 25K funds and syndicates on AngelList, speed and accuracy are paramount. Tome modernized the outdated, error-prone workflows within early-stage venture capital by reviewing dense legal documents with an AI-powered analysis tool using LLMs.
Through this acquisition, we’ll incorporate Tome’s AI-powered technology into our backend systems to further enhance the speed and accuracy of essential tax and legal document workflows—continuing our commitment to deliver best-in-class fund management services to all funds within private markets.
Conclusion
To learn more about launching or scaling your fund with AngelList, set up time with an expert on our team at AngelList.com/contact.
If you are a current Tome customer and have any questions, please reach out to vip@tome.com.
