Introducing: AngelList Treasury

Venture funds have specific capital management needs and workflows. Historically, these needs have been abstracted across separate processes and portals, requiring manual setup and operations. This fragmentation, combined with ongoing instability in the global banking system, has made it clear to us that VCs need a unified capital management system that offers transparency, flexibility, peace of mind, and optimizes capital utilization. 

We’ve helped VCs manage their capital for over eight years. Our infrastructure has moved $57B+ on our ledger, facilitated 170k+ distributions, and initiated 660k+ capital calls to LPs. Since the banking turbulence in March, our multi-bank software has moved $6.4B+. We've now taken this infrastructure and experience, and created a standalone software product to power any venture fund, even those not on our full-service offering.

AngelList Treasury is the first-ever banking product purpose-built to streamline the complex and unique workflows of venture funds. All the best practices of institutional capital management are integrated into a single dashboard. With Treasury, VCs can seamlessly open a Global Systemically Important Bank (GSIB) account, optimize IRR, and consolidate all reporting with the security and real-time data access venture funds need—all in one place.

What’s Included

AngelList Treasury is designed for funds of any stage or size, with any back office provider. Treasury customers have access to:

• Partnerships with GSIBs: Store long term capital with a Vault account at a GSIB. Vault accounts are programmatically connected to allow for simplified setup and easy capital deployment.
• Networked Banking: Sweep infrastructure automatically distributes deposits across a network of 500+ partner banks to ensure up to $125M in FDIC coverage for your operating capital. 
• Capital Calls Lines of Credit (CCLoC): Increased IRR, smoother capital calls, and more flexible deployment with access to a capital call line of credit from a participating bank.
• Money Market Funds: Earn a yield by investing in a money market fund composed of interest-bearing U.S. government securities. Buy, sell, and view statements directly from your dashboard within a few clicks (powered by Frec).‍
• Operational Control: Execute all fund operations and cash management tasks in a matter of seconds. Deploy funds, pay expenses, review and approve wire transfers, call capital, and distribute from one dashboard. Optimize your IRR through MMFs and CCLoC.
• Unified Reporting: Consolidated and live reporting across all of your accounts, for all of your funds, in one place. View balances and wire history within a single ledger.
• Added Security: Team permissions and approval structures built for common VC deployment, capital call, and distribution workflows. Complete with 2FA and SOC2 certification.

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Venture banking is complicated, but it doesn't need to be fragmented. With Treasury, VCs can set up quickly, operate with precision and confidence, and report from one live, integrated dashboard across all their funds and accounts.

Venture Software by AngelList

AngelList Treasury is a natural next step in our mission to build the infrastructure that powers the startup economy. 

Along with Treasury, over the next few weeks we’ll be rolling out a suite of software products for institutional funds at any stage—regardless of back office provider.

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