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SV Angel

SV Angel

SV Angel is an angel investment group founded in San Francisco in 2009 that primarily invests in early-stage technology companies. Notable companies SV Angel has invested in include Stripe, Reddit, Notion, Headspace, Color, Patreon, Credit Karma, Poshmark, and GitHub.

Overview

SV Angel is an angel investment group based in San Francisco and was started by Ron Conway in 2009. The group provides seed funding to early-stage companies in the technology and software fields. In early 2011, SV Angel launched Start Fund as a joint venture with Yuri Milner. Start Fund provides convertible debt to companies participating in Y Combinator batches.

In March 2022, SV Angel raised its first growth equity fund of $269 million. This fund is in contrast to the firm's prior focus on seed-stage funding and its strategy to use special purpose vehicles for investing in late-stage companies. In 2018, the company pledged to stop raising funds from outside investors, although no institutional investors participated in the March 2022 round.

Investments

SV Angel primarily invests in the seed rounds of early-stage technology and software-focused companies in the United States. The group doesn't lead funding rounds. The average amount it awards to a company in the seed stage is $150,000. Unlike some investors, SV Angel does not take board seats from the companies it funds. Some of its many investments include Stripe, Reddit, Notion, Headspace, Color, Patreon, Credit Karma, Poshmark, and GitHub.

Exits

As of early 2022, SV Angel has had 405 reported investment exits, including the following:

Timeline

2009
SV Angel is founded.

Funding Rounds

Invested in

Associated Investment Funds

Patents

Funding Rounds Participated In

Further Resources

Title
Author
Link
Type
Date

News

Title
Author
Date
Publisher
Description
Underdog Sports Inc
May 3, 2021
www.prnewswire.com:443
/PRNewswire/ -- Today, Underdog Fantasy, the fastest growing fantasy app ever, is announcing the largest season long fantasy payout ever. A $3.5m season long...
Reza Chowdhury
April 1, 2021
AlleyWatch
The Pulse of New York Tech
Reza Chowdhury
April 6, 2021
AlleyWatch
The Pulse of New York Tech
Reza Chowdhury
February 2, 2021
AlleyWatch
The Pulse of New York Tech
Lucas Matney
August 12, 2019
TechCrunch
Exchanges like Coinbase have ballooned in size by taking the mechanics of equity markets and fitting them to cryptocurrency markets, but as the space expands in its scope and craftiness, new exchanges trading asset classes native to cryptocurrency are taking off and attracting the attention of top Silicon Valley VCs. Oh, and Coinbase, too. Blade [...]

References

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