AngelList is a US website for raising equity or debt investments for startups. Only accredited investors can invest. It does not handle any investment funds.
It was founded by Naval Ravikant and Babak Nivi. It provides templates for creating term sheets that reportedly reduce the legal fees and a recruiting portal. The company is looking at crowdfunding with unaccredited investors now that the US JOBS Act has been passed.
In 2013, AngelList entered into a partnership with CrunchBase, an online tech company database
As of March 22 2011, approximately 275 startups and 417 investors have raised money and invested via AngelList.