Relay
AngelList Relay is an AI-powered tool that helps users manage and analyze investment documents and company updates. By simply forwarding an...
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What is Relay?
AngelList Relay is an AI-powered portfolio analyzer designed for venture capital firms, fund managers, angel investors, and private equity investors. It automatically extracts structured data from email correspondences, investment documents, and company updates by simply forwarding emails to a dedicated Relay email address. The tool transforms unstructured inbox data into an organized dashboard, providing a holistic view of your entire investment portfolio at a glance.
Key features include AI-powered extraction of 41+ investment terms such as pay-to-play provisions, revenue metrics, burn rate, valuation amounts, and round details. Relay processes over 16 different document types including Stock Purchase Agreements (SPAs), SAFEs, convertible notes, certificates of incorporation, and investor rights agreements. Within less than 5 minutes, users receive an AI summary with key data via email. The centralized dashboard stores all forwarded documents and updates for future reference, audit preparation, and creating LP investor updates.
Relay plugs into a GP's existing email workflow, allowing team members and fund administrators to collaborate seamlessly. General Partners can add team members to their Relay account and even have portfolio companies send investor updates directly to their Relay email. The tool supports email sync to scan entire inboxes for pertinent emails, automatically parses document attachments and email body text, and organizes historical documents by company, year, and month with bulk download capability.
The platform is built for firms of all sizes regardless of back office provider, as part of AngelList's Venture Software Suite. It provides real-time insights, helps manage valuations across portfolios, tracks supporting evidence for auditors, and can programmatically review and verify Schedule of Investments (SOI) documents. Village Global and over 170 other firms already use AngelList Relay for streamlined portfolio tracking and investment management.
Relay pricing
Pricing model: Paid
Pricing for AngelList Relay is not publicly disclosed on the website. For existing AngelList customers, users must reach out to their account manager for more information. The tool is part of AngelList's Venture Software Suite. Users can request a free trial today by contacting sales. Flexible pricing that aligns with usage needs is offered, but specific free tier details, paid plan costs, and what is included in each tier require contacting the sales team directly.
Relay pros
- AI-powered extraction of 41+ investment terms automatically
- Process 16+ document types including SPAs, SAFEs, and convertible notes
- Receive AI summary with key data via email in less than 5 minutes
- Centralized portfolio dashboard for holistic view at a glance
- 99% parsing accuracy for data extraction
- Seamlessly integrates with existing email workflow without changing habits
- Add team members and fund admins to collaborate across the firm
- Store and organize all forwarded documents for audit preparation
- Organize historical documents by company, year, and month
- Bulk download capability for all portfolio documents
- Real-time SOI reconciliation to compare against portfolio data
- Automatically create new portfolio company entries when documents forwarded
- Parse both document attachments and email body text
- Identify potentially off-market terms instantly
- Save time writing LP investor updates with organized data
- Reduce manual time spent on audit prep with document management
- Email sync scans entire inbox for pertinent emails automatically
- Track portfolio metrics like burn rate, revenue, cash in bank, customers
Relay cons
- Requires forwarding emails to separate Relay email address manually
- Documents must include company legal name and fund legal name to parse
- Only supports DOCX or PDF file formats for documents
- Content without portfolio company association goes to Unsorted section
- AI summaries may have omissions or errors requiring manual review
- Not legal, financial, or investment advice - must consult attorney
- Email sync requires authorizing access to entire inbox
- Pricing details not publicly disclosed - must contact sales
Frequently asked questions about Relay
What is AngelList Relay?
AngelList Relay is an AI-powered portfolio analyzer that organizes unstructured data from your inbox into a structured dashboard. It automatically extracts key details from investment documents and company updates by simply forwarding emails to your Relay email address, transforming scattered portfolio data into a central source of truth.
Who can benefit from using AngelList Relay?
Fund managers, venture investors, private equity investors, startups, treasury departments, syndicates, scout funds, rolling funds, compliance teams, and financial analysts can benefit. It is designed for all firms and their fund admins regardless of back office provider, optimizing email management and portfolio tracking.
How does AngelList Relay work?
Relay works by extracting key details from forwarded investment documents and company updates. You forward emails to your Relay email address, and within minutes Relay replies with an AI summary with key information parsed out, including potentially off-market terms, and stores the summary in your Relay dashboard with structured data.
What types of documents does AngelList Relay support?
Relay supports 16+ document types including stock purchase agreements (SPAs), SAFEs, convertible notes, certificates of incorporation (COIs), investor rights agreements (IRAs), board consents, participation notices, pro rata side letters, rights agreements, stock transfer agreements, token warrants, voting agreements, wire instructions, and right of refusals.
How accurate is the data extraction in AngelList Relay?
AngelList Relay boasts 99% parsing accuracy for data extraction. It can parse over 41 total investment terms including pay-to-play provisions, round name, investment type, burn per month, runway, valuation amount, currency, valuation type, and more from various document types.
What investment terms can Relay parse from documents?
From SPAs: company name, investment date, type, pay-to-play, round, valuation, shares, purchase price. From SAFEs: company name, discount, investor name, investment amount, pro rata rights, valuation cap. From COIs: company name, authorized shares, share class, designations. From IRAs: pro rata rights, information rights, inspection rights. From company updates: annual revenue, burn per month, cash in bank, customer count, new round details.
Can AngelList Relay handle historical documents?
Yes, Relay allows access to all historical portfolio updates and investment documents organized by company, year, and month. You can forward historical emails to your Relay address and they will be parsed, stored, and organized in your dashboard for future reference.
How quickly can I receive summaries of key data?
You can receive AI-generated summaries of key data via email in less than 5 minutes. Once you forward an investment document or company update to your Relay email address, Relay processes it and replies with the summary containing parsed key information.
Does AngelList Relay offer a dashboard for tracking portfolio metrics?
Yes, Relay provides a comprehensive centralized dashboard to track all portfolio updates and metrics. When documents are forwarded, relevant data is automatically added to your dashboard. If a company doesn't exist yet, Relay creates a new entry with company details and insights. You can view investment information and company performance holistically at a glance.
Is the pricing for AngelList Relay flexible and what are the plans?
Yes, AngelList Relay offers flexible pricing that aligns with usage needs. For existing AngelList customers, reach out to your account manager for more information. Specific pricing details including free tier, paid plans, and what is included are not publicly disclosed - you must contact sales to request a free trial and get pricing information tailored to your fund's needs.