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AngelList gets Institutionalized
AngelList to Power the World’s Largest Seed Fund with $400M from Chinese Private Equity Firm
It’s heady amounts of money for heady times.
AngelList, the investing platform that has scaled to support $205 million in investments across 650 startups including Uber, is aiming even bigger.
One of China’s largest private equity firms is now tapping the platform and the know-how of its angels and syndicates to power a $400 million seed fund called CSC Upshot. The fund will be run by the country’s third-largest private equity firm, China Science & Merchants Investment Management Group, which has $12 billion under management.