Online investment platform and venture community AngelList has spun off its jobs service – AngelList Talent, into a stand-alone company. The new business has been rebranded as Wellfound. The company said that AngelList Venture is once again called AngelList.
AngelList provided some updated metrics with the news, including:
- AngelList Venture has facilitated funding in over 12k startups and has $14B+ in assets supported for fund managers
- AngelList Talent has helped 150k startups, and 8M+ candidates connect with each other
In a blog post, Amit Matani, CEO of AngelList Talent, explained the move:
“With this evolution, we’re doing for ourselves what we’ve been doing for startups all along: eliminating friction. As separate companies, Wellfound and AngelList will hone in even further on the needs of our distinct audiences and ship products faster. For Wellfound, this means doubling down on our mission to connect the world’s talent with startups.
We’ve learned over the last decade that people don’t want to just find a job, they want to find something to be a part of, especially in the startup space. Our new name, Wellfound, embodies that spirit of discovery.”
AngelList continues to build upon its venture and entrepreneur ecosystem. Recently, AngelList announced an automated capital raising services labeled AngelList Raise providing online capital formation for early-stage firms raising growth capital from Pre-Seed to ~ a Series C Round. While only allowing Reg D securities offerings, AngelList raise is competitive with other securities crowdfunding platforms – many of which cater to the full stack of exemptions.