Introducing: AngelList Relay

Investment deals happen over email. Every day, fund managers, founders, investors, lawyers, accountants, and other stakeholders trade crucial information via email, and those emails become real-life investment deals. This means staying on top of your inbox can be crucial to your investing success.

Unfortunately, email services aren’t built for private markets. Key data, like legal documents and company updates, are only accessible to the account holder and are often quickly buried under new messages. As a result, inboxes end up acting as a repository to search for information in a reactive manner.

Today, we’re launching AngelList Relay to optimize email management and portfolio tracking for all firms and their fund admins. Relay is an AI-powered portfolio analyzer that automatically extracts information as structured data from email correspondences, allowing firms to easily:

• Organize and store over 16 types of legal documents,
• Organize and store all company updates with 9+ parsed/structured terms,
• Report on investment details based on 18+ terms parsed from investment documents like SPAs and SAFEs,
• Generate LP facing investor updates,
• Identify communication gaps in their portfolio (e.g., which companies are not sending important information).

How Relay Works

Relay creates a repository of relevant information for your entire investment portfolio when you forward emails from your inbox to your Relay email address. To get started, simply create an account and set up a Relay email address. Once live, you can:

Forward relevant information to your Relay email: As you receive investment documents or company updates to your email, simply forward them to your Relay email address. Within minutes, Relay will reply with an AI summary of the document with key information parsed out—including certain potentially off-market terms—and store a summary in your Relay dashboard.

Relay's AI-powered email summary

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View your portfolio dashboard: When an investment document or company update is forwarded to your Relay email, the relevant data is automatically added to your Relay portfolio dashboard. If the company doesn’t yet exist in your dashboard, Relay creates a new entry with details about the portfolio company and relevant insights from the forwarded documents, all stored as structured data. Relay can process and organize over 16 different document types, including SPAs and SAFEs. Additionally, Relay can parse over 27+ total investment terms including pay-to-play provisions, round name, investment type (e.g., equity, debt), burn per month, runway, and more.

Relay also saves and organizes all forwarded documents and updates within the dashboard for future reference and audit preparation, allowing you to dig deeper into company-level insights (e.g., company updates sent MoM) to create LP updates.

Relay's portfolio level dashboard

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Add team members: To ensure all relevant stakeholders have timely access to key information, Relay allows GPs to add any team members from their investment firm or fund administrator team to their Relay account. GPs can even have portfolio companies send investor updates directly to their Relay email to further streamline portfolio tracking.

Relay's team permissions settings

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Relay plugs into a GP’s existing email workflow to easily track key data, centralize information, and improve collaboration across team members and fund administration. Additionally, we’ll soon be rolling out automated portfolio company performance reports, document management tools, and more features that streamline inbox management and portfolio tracking.

What VCs are saying

Relay provides us value by transforming unstructured data, which would have otherwise been buried in our email inboxes, into a clear, actionable overview.

Relay's value is so clear, particularly in terms of time-savings. It makes me more efficient, especially during audit season when I am my most busiest.

Venture Software by AngelList

AngelList Relay is the third offering of our Venture Software Suite—a set of tools designed to provide real-time insights and best-in-class efficiency to all funds, regardless of back office provider.

To learn more about Relay, click here. To learn more about AngelList’s Venture Software Suite click here.