Angellist Advisors

Syndicate platformSEC venture capital fund adviserRaising· San Francisco, Californiaangellist.com

How GPs manage their funds, investors invest in startups, and capital moves between them.

In the firm's own words, from its website.

Reported fund assets
$15B
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
None
Investment team
5
Latest vintage
2025
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (4)Team (6)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

3 additional team members, 310 additional investments, funds and LPs, 75 events, 2 verified contacts (2 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Nothing material in the last 180 days. Last change: 6 Nov 2025, $790K reported sold so far.

People to know

View all people
  • Avlok Kohli
    Manager
    Why: Named with investment responsibility
    No route on file yet
  • Erik Syvertsen
    Manager
    Why: Named with investment responsibility
    No route on file yet
  • Jeffrey Lyle Fagnan
    Manager
    Why: Named with investment responsibility
    No route on file yet

Relationship network

312 connected entities1 observed round

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person
›How strength and recency are read

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to Angellist Advisors: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to Angellist Advisors

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

4 companies on record, 0 new in 12 months

Investments on record

4 companies, 1 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Roll Up Vehiclesportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Firm website
USVCportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Firm website
Wellfoundportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Firm website

Stated thesis versus observed behaviour

4 observed deals
Stated (the firm’s website)
Sectors
fintech, edtech
Stages
not stated or not yet read
Geography
not stated
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
venture capital
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 100%
lead rate no observed dealsfollow-on rate 0%new companies, 12 months 0

Team

6 current, 3 departed

Decision makers

who to call first, and why; then everyone else by function
  • Avlok Kohli · Manager
    Why this person: Named with investment responsibility
  • Erik Syvertsen · Manager
    Why this person: Named with investment responsibility
  • Jeffrey Lyle Fagnan · Manager
    Why this person: Named with investment responsibility

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team

6 current, 3 departed
3 departed (kept with end dates)
  • Brian Norgard · Manager · Oct 1, 2013 to Nov 4, 2021 Inference
  • Kevin Laws · Manager · Jan 1, 2020 to Nov 4, 2021 Inference
  • Weiheng Zhang · Manager · Sep 1, 2021 to Mar 31, 2022 Inference

Contacts

2 firm phone

2 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

300 vehicles, 0 LPs disclosed

Funds and vehicles

300 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Julian-EA-1224 Fund I, a series of AngelList Funds 2024, LPSPV or co-invest vehicle2025 form d first saleNewly closed$2.6M
Jun 4, 2026
3$2.6M
of $2.6M
Jan 22, 2025
Kamal Ravikant Capital, LP - E2Fund2025 form d first saleNewly closed$1.3M
Jun 4, 2026
53$1.0M
of $1.4M
Jan 14, 2025
ST-07211 Fund I, a series of Roll Up Vehicles, LPSPV or co-invest vehicle2025 form d first saleNewly closed$789,999
Jun 4, 2026
16$790,000
of $790,000
Nov 6, 2025

Limited partners

0 LPs, 0 disclosed commitments
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.

Known LPs and allocators

15 relationships across the firm's funds, from public pensions and the allocator graph
AllocatorTypeFundAmountDateSource
Maclellan Foundation IncFOUNDATIONIR B Fund, a Series of Pathbreaker Spv, LP$0
fair value on the foundation's return
reported as of Dec 31, 2024Fact IRS Form 990 / 990-PF e-file returns
Maclellan Foundation IncFOUNDATIONIm5 Fund I, a Series of Roll Up Vehicles, LP$500,000
fair value on the foundation's return
reported as of Dec 31, 2024Fact IRS Form 990 / 990-PF e-file returns
Maclellan Foundation IncFOUNDATIONIR C, a Series of Pathbreaker Spv, LP$124,000
fair value on the foundation's return
reported as of Dec 31, 2024Fact IRS Form 990 / 990-PF e-file returns

Relationships across DFX

2 co-investors · on 3 other DFX graphs

Co-investors

2 counted from shared deals, for the whole firm
  • Rollup
    1 shared deal · one time
    2026-09-26
  • Floodgate
    1 shared deal · one time
    2026-09-16
Across DFX and the capital chainon 3 other DFX graphs · 3 capital paths Show
Across DFX
  • The same institution is held on Allocators, RIA and Wealth, Private Credit, matched by identifier. See which records
Across the graphs

Angellist Advisors is the same institution as 3 records in Allocators, RIA and Wealth and Private Credit.

Allocators1RIA and Wealth1Private Credit1

DFX found 3 relationships across 3 datasets

Which record it is in each graph, what it is called there, and how the two were matched.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Checking your plan…

Capital chain

Angellist Advisors sits on 3 traced paths of capital across the graphs.

Allocator commitments to a manager

DFX traced 3 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Evidence and history

80 dated events, 72 observations from 4 sources

Timeline

80 dated events
  1. Jun 4, 2026
    Network Ventures Rolling Fund, LP - C3 first reported on Form ADV by Angellist Advisors (Venture Capital Fund), GAV $13,313
    Fund first reported on Form ADVFundsInferenceNetwork Ventures Rolling Fund, LP - C3Form ADV
  2. Jun 4, 2026
    Dy-1124 Fund I, a Series of Mv Funds, LP first reported on Form ADV by Angellist Advisors (Venture Capital Fund), GAV $112,000
    Fund first reported on Form ADVFundsInferenceDY-1124 Fund I, a series of MV Funds, LPForm ADV
  3. Jun 4, 2026
    Fund II, a Series of Louise 326, LP first reported on Form ADV by Angellist Advisors (Venture Capital Fund), GAV $18,601,744
    Fund first reported on Form ADVFundsInferenceFund II, a series of Louise 326, LPForm ADV
  4. Jun 4, 2026
    Bo-0315 Fund III, a Series of Thirdtrail Partners Syndicate 1, LP first reported on Form ADV by Angellist Advisors (Venture Capital Fund), GAV $74,599
    Fund first reported on Form ADVFundsInferenceBO-0315 Fund III, a series of ThirdTrail Partners Syndicate 1, LPForm ADV
  5. Jun 4, 2026
    En-0216 Fund I, a Series of Roll Up Vehicles, LP first reported on Form ADV by Angellist Advisors (Venture Capital Fund), GAV $627,500
    Fund first reported on Form ADVFundsInferenceEN-0216 Fund I, a series of Roll Up Vehicles, LPForm ADV

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Jun 4, 2026 · 22,277 private fundsShow
Headquarters
Wilmington, DEadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
angellist.com
SEC adviser type
Exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Jun 4, 2026
Private funds reported
22,277 (22,277 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$19Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder

Classification history

Every classification this record has carried1 on recordShow
  1. Sep 12, 2026
    Syndicate platform (confirmed, 95%)
    Name or self-description says syndicate platform

Evidence

73 observations from 4 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedJun 4, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserJun 4, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserJun 14, 2024FactForm ADV
SEC adviser typeExempt reporting adviserJun 4, 2026FactForm ADV
SEC adviser typeExempt reporting adviserJun 4, 2026FactForm ADV
SEC adviser typeExempt reporting adviserJun 14, 2024FactForm ADV
First Form ADV filing2013-05-23Jun 4, 2026FactForm ADV
First Form ADV filing2013-05-23Jun 14, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-30Oct 1, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-06-04Jun 4, 2026FactForm ADV
Latest Form ADV filing2026-06-04Jun 4, 2026FactForm ADV
Latest Form ADV filing2024-06-14Jun 14, 2024FactForm ADV
SEC statusERA - ActiveJun 4, 2026FactForm ADV
SEC status effective2013-05-23Jun 4, 2026FactForm ADV
Venture share of reported funds1Jun 4, 2026FactForm ADV
Venture share of reported funds1Jun 14, 2024FactForm ADV
Business phoneJun 4, 2026FactForm ADV
Business phoneJun 14, 2024FactForm ADV
Contact page urlSep 16, 2026Fact
DescriptionSep 16, 2026Fact
DescriptionSep 15, 2026Fact
HeadquartersWilmington, DEJun 4, 2026FactForm ADV
HeadquartersSan Francisco, CAJun 14, 2024FactForm ADV
Office addressJun 4, 2026FactForm ADV
Office addressJun 14, 2024FactForm ADV
Self-described typeVenture capitalSep 16, 2026Fact
Self-described typeVenture capitalSep 15, 2026Fact
Legal formLimited Liability CompanyJun 4, 2026FactForm ADV
Legal formLimited Liability CompanyJun 14, 2024FactForm ADV
Portfolio pageSep 16, 2026Fact
Portfolio pageSep 15, 2026Fact
Private funds reported22,277Jun 4, 2026FactForm ADV
Private funds reported22,277Jun 4, 2026FactForm ADV
Private funds reported18,331Jun 14, 2024FactForm ADV
Private fund gross assets (reported)$19BJun 4, 2026FactForm ADV
Private fund gross assets (reported)$19BJun 4, 2026FactForm ADV
Private fund gross assets (reported)$13BJun 14, 2024FactForm ADV
Schedule a diffsadiff-1Sep 14, 2026FactForm ADV
Stated sectorsFintech, edtech
“sector words on the home page”
Sep 16, 2026Fact
Stated sectorsFintech, edtech
“sector words on the home page”
Sep 15, 2026Fact
Team pageSep 16, 2026Fact
Team pageSep 15, 2026Fact
Venture funds reported22,277Jun 4, 2026FactForm ADV
Venture funds reported22,277Jun 4, 2026FactForm ADV
Venture funds reported18,331Jun 14, 2024FactForm ADV
WebsiteJun 14, 2024FactForm ADV
Site titleSep 16, 2026Fact
Site titleSep 15, 2026Fact
How this is scored
Scores, classification basis and filing advisersSyndicate platform, confirmedShow
Importance
58
elevated
Active deployment
60
high
Emerging
0
low
Freshness
100
high
Syndicate platformSEC exempt reporting adviser

Name or self-description says syndicate platform

The inputs behind each score
importance
gav: 0.97 · funds: 1 · people: 0.2 · investments: 0.22 · co investors: 0.12
active deployment
investments 12m: 0 · fund raising 18m: 1 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: not scored
emerging manager
fund count: 19,612 · reported gav: $15B · first adv filing: 2013-05-23 · years since first filing: 13.4

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Fits

1 scored match, best firstas of
  • score 14confidence 80%
    Why: activity; cap table

Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.

Record history

1 dated event on the change ledger, latest event first
  • Adviser's first ADV filing
    2013-05-23source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.