AngelList, a platform that started as a VC hybrid platform for accredited investors but has since morphed into a broader startup community, has distributed an update on platform performance during 2019.
According to AngelList, the platform currently has almost $1.8 billion in assets under management (AUM). It also claims 47 unicorns, firms with valuations of $1 billion or more, in its venture portfolio. AUM grew about 80% during 2019 and the portfolio included 36% of all “top tier” venture deals, according to the platform.
During 2019, 1,657 startups were funded with 335 VCs or angels leading these investments. 62% of the investments were from venture funds managed by AngelList.
While the majority of investments during last year were based in the US (1812), a good number were from other regions.
- Europe – 197
- Canada – 96
- India – 114
Hot sectors of investment during the year include:
- eSports-online gaming
- AI & ML
- Data & Analytics
- Environment
- Mental Health
- Logistics and Transport
Sectors that declined include:
- Crypto
- Blockchain
- Crowdfunding
- Social
- Chat
- Online video advertising
Beyond online capital formation, AngelList operates several other services:
- Over 185,000 new jobs were posted on the AngelList jobs board
- A million-plus connections were made via the AngelList community
- Product Hunt saw 25,000 new products launched
Overall, 10 million people have joined AngelList with 3.6 million of these members seeking jobs. Each month, 135,000 new members are joining the platform.
AngelList also tipped their hand indicating something new is in the queue so expect more news soon.