AngelList Relay

Transform unstructured data from your inbox into an organized dashboard by simply forwarding an email

AngelList Relay is an AI-powered portfolio analyzer, driven by your inbox.

It can extract key details from investment documents and company updates, transforming unstructured data from your inbox into an organized dashboard by simply forwarding an email.

So, instead of manually going through documents and emails, AngelList Relay will do it all for you. To that end, it can generate AI summaries, emailing them to you within 5 minutes after you upload the appropriate documents.

Speaking of which (documents) – the tool can “handle” board consents, certificates of incorporation, convertible notes, participation notices, pro rata side letters, rights agreements, rights offerings, SAFEs, stock purchase agreements, stock transfer agreements, token warrants, voting agreements, wire instructions, investor rights agreement, certificate of incorporation, and right of refusal.

The tool supports more than 25 different terms that are parsed from company updates and investment documents. Also, it provides access to your entire team, with support for different permission levels.

Finally, you’ll get all your investments through an easy-to-grasp dashboard, providing fund and company-level insights.

Homepage Screenshot 📸

What are the key features? ✨

Automated investment tracking: Remove the manual process of tracking, organizing, and consolidating portfolio company updates and investment documents. Unlock the most important investment data that lives in your emails with AngelList Relay.
AI-powered term extraction: Forward investment documents and unstructured investor updates from your portfolio companies to your Relay email address. From there, the service will automatically extract key details such as pay-to-play provisions, revenue metrics, burn rate, and 24+ other terms as structured data. Receive an AI summary with key data via email in less than 5 minutes.
Document management: Access all of your historical portfolio company updates and investment documents like SPAs, SAFEs, and 14+ others directly in Relay. Documents are organized by company and then by year and month.
Portfolio tracking: Relay creates a unified dashboard of structured investment data, AI summaries, and historical documents from your unstructured emails on a fund and 1:1 company level. This creates the ability to identify insights, track the performance of portfolio companies, and craft investor updates for LPs.
Collaboration comes included: Ensure all team members, both within your firm and your external partners, have access to investment documents and key insights from Relay. Full dashboard access allows relevant stakeholders to access Relay's portfolio dashboard, summaries, and documents.

Who is it for? 🤔

AngelList Relay is made for angel investors and VCs who use it to remove the manual process of tracking, organizing, and consolidating portfolio company updates and investment documents. The tool automates all that to unlock the most important investment data that lives in your emails. As a result, you get to save a ton of time that you can use for other things - like talking to founders and helping them reach their next milestone. Or scatter other investment opportunities - which you can later also import to Relay and have all of them visible from a single dashboard. Pretty cool.

Examples of what you can use it for 💡

Organize your investments with AI
See how all your portfolio companies fare
Stay on track with the latest figures from your portfolio companies
Free up your time for other things
Also helps keep your team members in the loop

Pros & Cons ⚖️

A must-have for anyone investing in multiple companies
Relay can handle a number of different documents
Seeing all your investments in a single dashboard is cool

It's a tool for rich people (who have the money to invest in startups)

FAQs 💬

What is AngelList Relay designed to do?

Relay automates the extraction of key data from investment documents and company updates received via email, turning unstructured information into a structured, searchable portfolio dashboard.

How do I get started with Relay?

Create an account on AngelList, set up a unique Relay email address, and begin forwarding relevant investment emails or documents to it for AI processing.

What types of documents can Relay process?

It handles PDFs, DOCX files, and email content containing legal agreements (like SAFEs, SPAs), investor updates, or other portfolio communications, as long as key identifiers like company and fund names are present.

Does Relay require access to my entire email inbox?

No, by default it only processes emails you manually forward to your Relay address, though an optional full inbox sync feature exists for broader scanning.

What specific data points does Relay extract from investment documents?

It parses over 40 terms, including pro rata rights, information rights, pay-to-play provisions, inspection rights, and IPO lock-up details.

Can Relay handle company update emails?

Yes, it extracts metrics like revenue, burn rate, cash position, customer count, fundraising status, plus business and product summaries from updates.

Is the AI output always 100% accurate?

AI summaries and extractions might have errors or omissions, so AngelList recommends reviewing original documents and seeking legal advice when necessary.

Who is Relay best suited for?

Venture capital firms, fund managers, portfolio admins, and investors who receive frequent email-based updates and documents from portfolio companies.

Does Relay support team collaboration?

Yes, it includes dashboard sharing, customizable permissions, and features that allow seamless work with team members or external service partners.

How does Relay help with portfolio oversight?

It creates a centralized view of investments, flags potential off-market terms, tracks performance metrics, and helps identify communication gaps across companies.