Angel fund
What is Angel fund in an Indian AIF?
An angel fund is a sub-category of Category I venture capital fund that raises money from angel investors to back early-stage startups. It operates under a distinct regime within the AIF Regulations, with its own investor eligibility, investment size and lock-in requirements.
Authority: SEBI (Alternative Investment Funds) Regulations, 2012
Related terms
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Definitions are explanatory, not legal advice. Where a definition rests on a regulation or circular it is named above; verify against the instrument before relying on it.