Browder Capital's solo GP secured institutional backing with dedicated support from AngelList.

Browder Capital launched its institutional Fund IV with AngelList in June 2025. Browder switched to AngelList after his previous fund administrator for Funds I-III fell short of expectations around LP experience. The dedicated account management team at AngelList runs Browder Capital’s back-office operations, coordinates with outside counsel, and provides white-glove service to his institutional LP base.

Challenge

Joshua Browder, founder and CEO of online legal services company DoNotPay and General Partner of Browder Capital, faced a crucial transition moment that many emerging managers encounter. While an upstart fund administrator helped Browder launch his first three funds quickly, the LP experience with that partner was not meeting the increasingly high expectations of his investor base. As he prepared to raise Fund IV, he wanted a high-velocity partner that could deliver his LPs a smooth onboarding experience and timely reporting.

Joshua was already familiar with the AngelList platform from his own experience as an LP. For Browder Capital’s Fund IV, the top 5 LP commitments accounted for 71.7% of committed capital. Given this concentration and the institutional profile of these investors, it was critical that the fund’s infrastructure be capable of scaling to meet—and exceed—their growing expectations.

Solution

The nuanced workflows and high caliber of Browder Capital’s institutional investor base demanded a more tailored approach. The firm’s dedicated AngelList account team led a coordinated effort to help Joshua raise and launch a venture fund that best served his LPs, including:

• Strategic consultation: Partnered with Joshua to deeply understand the fund’s nuances and recommend an ideal fund infrastructure.
• Legal and structuring: Provided hands-on coordination with outside counsel to review the fund's documents, configure corresponding AngelList workflows, and execute on critical legal processes to hold the fund's first close.
• Institutional LP onboarding: Seamlessly coordinated across several institutional investors with our LP Relations team by fulfilling their operational due diligence (ODD) and side letter requests, ensuring all specific requirements were met without friction.
• White-glove service: AngelList Customer Relations, Limited Partner Relations, legal, and product teams provided Browder Capital and its counsel with real-time support and creative problem-solving to meet a condensed timeline ahead of first close.

AngelList has been an amazing partner to me in getting institutional ready.

Impact

Browder Capital successfully closed Fund IV with backing from premier institutions, including Sequoia Capital and Cendana Capital. The combination of AngelList’s Customer Relations and Limited Partner Relations teams working hand-in-hand enabled the solo GP to maintain fundraising momentum and close institutional investors without delays.

Browder Capital’s fund launch positioned the firm as institutional-ready with robust operational infrastructure. Fund IV operates with the credibility and operational sophistication that institutional investors require, while maintaining the agility that defines successful emerging managers. For solo GP Joshua Browder, that solid infrastructure means he can focus his energy on making investments, evaluating deal flow, and going all-in on the next overlooked technical founder in his portfolio–without having to worry about back-office operations.

To learn how you can launch and scale funds with AngelList, connect with our team.