CoinList and AngelList jointly introduce Crypto Special Purpose Vehicles (SPVs) and Crypto Roll-Up Vehicles (RUVs) to streamline fundraising and investment management for crypto startups.
CoinList and AngelList, two prominent platforms that streamline fundraising and investment for startups, have partnered to offer tailored investment structures for companies dealing with crypto assets.
Together, the firms introduced Crypto Special Purpose Vehicles (SPVs) and Crypto Roll-Up Vehicles (RUVs). Traditional SPVs and RUVs on AngelList weren’t specifically designed for the unique needs of crypto startups. The new structures, on the other hand, align with the operational and financial nuances of the crypto industry.
Unlike traditional SPVs, Crypto SPVs enable investment in tokens rather than shares, aligning with the decentralised nature of blockchain projects. They consolidate multiple investors into a single entity on the cap table, reducing administrative complexity for startups.
AngelList and CoinList investors can now fund crypto SPVs using stablecoins like USDC, facilitating smoother transactions for those who prefer digital assets over traditional banking methods. The process will be even simpler with CoinList integration coming soon. Notably, AngelList has waived funding fees for stablecoin contributions.
Crypto RUVs are ideal for angel investors or individuals contributing smaller amounts of capital (e.g., $1,000–$10,000), which would otherwise complicate the startup’s fundraising process. These investment tools also consolidate multiple smaller investments from numerous angel investors into a single entity, simplifying cap table management and reducing compliance burdens for founders.
While both SPVs and RUVs consolidate investments, SPVs are designed for larger investments from a smaller group of investors, while RUVs focus on pooling smaller investments from a larger group. Both tools are powerful innovations for democratising access to crypto investments and simplifying the fundraising and cap table management process for founders. This way, they are making fundraising more inclusive and efficient.
By leveraging AngelList’s extensive experience in managing investment vehicles and CoinList’s deep expertise in crypto markets, the fresh collaboration offers a comprehensive solution tailored to the evolving needs of crypto startups and their investors.
For instance, the new tools enable Limited Partners (LPs) to receive tokens directly, aligning with the crypto community’s preference for direct asset ownership and participation. With AngelList’s experience in managing complex legal, tax, and fund administration processes, LPs receive timely K-1s and benefit from expert, reliable fund management.
Furthermore, the partnership accommodates non-U.S. token issuers and investors, reflecting the global nature of the crypto ecosystem and expanding access to a broader investor base.
VC funding into blockchain and crypto startups reached $13.6 billion in 2024 – 4.9% of the total $279 billion in venture capital investments for the year. This year, the segment is expected to witness a significant funding increase, up to over $18 billion in capital. The growth is projected to be driven by a combination of declining interest rates and greater regulatory clarity regarding crypto assets and companies. According to data collected by DeFiLlama, since 2014, the amount of funds raised in the crypto sector has exceeded $101 billion.
