PANews reported on January 23 that according to Techcrunch, equity financing platform AngelList and token issuance and financing platform CoinListCoinList are teaming up to launch a way to help cryptocurrency-exclusive founders who use cryptocurrency to raise funds. They will work together to launch crypto special purpose vehicles (SPVs) and crypto roll-up vehicles (RUVs). This cooperation will provide users with a way to "raise funds in the form of an alliance and manage crypto startup investments in a cryptocurrency manner."
AngelList said users will be able to fund cryptocurrency SPVs in the form of stablecoins — currently for zero U.S. dollars. “Investors can use USDC to invest, which is more convenient for crypto investors who don’t operate through banks,” said Raghav Gulati, CEO of CoinList. Tokens can be distributed to LPs in physical form and are compatible with “many non-U.S. token issuers and investors.” The companies said integration with CoinList software is “coming soon.”
RUVs are designed to collect investments raised by founders in a specific round. The companies said the advantage is that startups don't need to worry about "managing compliance issues for numerous stakeholders" at an early stage. Gulati said: "Crypto startups often want to attract many angel investors. With RUVs, dozens of angel investors who need to sign documents, wire money and get proper reporting on an ongoing basis can do this through AngelList Crypto RUVs."
