Latest / The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup Milestones
How Rolling Funds Changed Early-Stage Investing
In episode 88 of The Series A Show, Lucas and Luna explore how rolling funds have fundamentally shifted early-stage investing since their SEC approval in 2020. Lucas breaks down the mechanics—how evergreen vehicles replaced the old model of raising and deploying capital in discrete three-to-five-year cycles. He cites data from AngelList showing rolling funds now account for over 30 percent of all syndicate capital on the platform, with $2.8 billion deployed through them in 2025 alone. The hosts discuss why this matters for founders: faster closes, more patient capital, and less reliance on a…
The skinny
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