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This article was published on January 11, 2013

    AngelList’s new online investment feature raises $1m for startups in its first month

    AngelList’s new online investment feature raises $1m for startups in its first month Image by: franz pfluegl
    Josh Ong
    Story by

    Josh Ong

    Josh Ong is the US Editor at The Next Web. He previously worked as TNW's China Editor and LA Reporter. Follow him on Twitter or email him a Josh Ong is the US Editor at The Next Web. He previously worked as TNW's China Editor and LA Reporter. Follow him on Twitter or email him at [email protected].

    AngelList has announced that its Invest Online feature has already brought $1 million in commitments from investors in less than a month.

    The service, which partners with SecondMarket to connect early-stage startups with interested investors, has helped three companies finish raising money online, and it currently has seven companies accepting online funding.

    AngelList is also adding a new feature that lets backers notify startups that they’re interested in investing online, even if the company has yet begun accepting online investments. Startups that sign with a top-tier investor will eventually be able to activate the feature and notify interested investors.

    angellist-online-2

    Late last year, AngelList announced that it had facilitated over $12 million in funding through its network over a 30-day period. At the time, its online financing feature had already raised $600,000. The feature allows angels to put in as little as $1,000 while still receiving the same terms and discounts as larger investors.

    The AngelList ticker currently says the platform has raised $11,443,496 this month.

    Image credit: iStockPhoto