Introducing a powerful AngelList alternative

Introducing a powerful AngelList alternative

Scale your next fund to $100m+ with end to end services

Scale your next fund to $100m+ with end to end services

The Ultimate SPV Platform Comparison

The Ultimate SPV Platform Comparison

When it comes to launching SPVs, most investors think of AngelList Venture. It’s a recognizable brand and has helped thousands of syndicates form deals.


But as private markets evolve, spanning every asset, managers are demanding faster, more flexible, and more automated infrastructure.


That’s where Allocations comes in.


Allocations is the next-generation SPV and fund administration platform that helps you launch, fund, and manage deals in minutes, not weeks, with automated compliance, banking, and investor onboarding all in one place.

Why investors are switching from AngelList to Allocations

Why investors are switching from AngelList to Allocations

AngelList built the early infrastructure for startup investing. Allocations is building the infrastructure for the next decade of private markets; multi-asset, global, and fully automated.

AngelList built the early infrastructure for startup investing. Allocations is building the infrastructure for the next decade of private markets; multi-asset, global, and fully automated.

Factor

Factor

Factor

Allocations

Allocations

Allocations

AngelList Venture

AngelList Venture

AngelList Venture

Control

Control

Fund manager control

Fund manager control

AngelList-managed

AngelList-managed

Setup speed

Setup speed

Minutes

Minutes

1–2 weeks (manual)

1–2 weeks (manual)

Entity formation

Entity formation

Automated Delaware LLC

Automated Delaware LLC

Managed by AngelList

Managed by AngelList

Banking

Banking

Instant account setup

Instant account setup

Manual coordination

Manual coordination

Compliance & filings

Compliance & filings

Automated (Form D, Blue Sky)

Automated (Form D, Blue Sky)

Included, manual

Included, manual

Supported assets

Supported assets

Any Type

Any Type

Venture Only

Venture Only

Investor onboarding

Investor onboarding

Automated KYC/KYB

Automated KYC/KYB

Manual approval

Manual approval

Pricing

Pricing

Flat fee ($9,950 / SPV)

Flat fee ($9,950 / SPV)

5 % carry + fees

5 % carry + fees

LP portal

LP portal

White-labeled + API access

White-labeled + API access

Standard AngelList UI

Standard AngelList UI

Tax/K-1

Tax/K-1

Included

Included

Included

Included

Is AngelList right for you?

Is AngelList right for you?

AngelList remains a great fit if you:

AngelList remains a great fit if you:

*

Prefer a pre-built investor network

Prefer a pre-built investor network

Prefer a pre-built investor network

*

Raise for early-stage tech startups only

Raise for early-stage tech startups only

Raise for early-stage tech startups only

*

Don’t mind waiting 1–2 weeks per SPV setup

Don’t mind waiting 1–2 weeks per SPV setup

Don’t mind waiting 1–2 weeks per SPV setup

*

Are okay with standardized RUV structures and 5 % carry

Are okay with standardized RUV structures and 5 % carry

Are okay with standardized RUV structures and 5 % carry

If you fit that profile, AngelList still delivers convenience and brand trust.

If you fit that profile, AngelList still delivers convenience and brand trust.

But for modern fund managers who want speed, customization, and asset flexibility, AngelList’s model feels increasingly restrictive.

But for modern fund managers who want speed, customization, and asset flexibility, AngelList’s model feels increasingly restrictive.

What makes Allocations different?

What makes Allocations different?

*

Speed and automation at the core

Allocations’ automation handles formation, EIN registration, bank setup, filings, and LP onboarding in one automated flow. What used to take two weeks now takes under 20 minutes.

*

Flat, transparent pricing

No hidden carry, no admin surprises. Each SPV costs a one-time flat fee (starting $9,950) that covers entity setup, KYC, banking, compliance, and tax/K-1 reporting. Managers keep 100 % of their carry and management fees.

*

Global regulatory coverage

Whether you’re filing a Form D in the U.S. or handling Blue Sky notices, Allocations automates filings across jurisdictions, keeping every SPV compliant from day one.

*

Multi-asset flexibility

AngelList focuses solely on startup equity. Allocations supports startups, real estate, and private credits, making it ideal for hybrid portfolios and next-gen fund managers.

*

White-label experience

Allocations provides a fully branded LP portal, enabling you to deliver a professional investor experience that looks like your fund’s own platform, not a third-party dashboard.

The Hidden Cost of Waiting with AngelList

The Hidden Cost of Waiting with AngelList

The average SPV lead loses 7–14 days per deal to coordination, waiting on document signatures, bank wires, and manual reviews. For active managers running multiple SPVs per quarter, those delays compound into missed allocations, slower closes, and frustrated LPs.


Allocations compress this entire cycle into minutes, enabling faster closes and more deals per year without expanding headcount.

The average SPV lead loses 7–14 days per deal to coordination, waiting on document signatures, bank wires, and manual reviews. For active managers running multiple SPVs per quarter, those delays compound into missed allocations, slower closes, and frustrated LPs.


Allocations compress this entire cycle into minutes, enabling faster closes and more deals per year without expanding headcount.

Cost comparison

Cost comparison

Cost Component

Cost Component

Cost Component

Allocations

Allocations

Allocations

AngelList Venture

AngelList Venture

AngelList Venture

Setup Fee

Setup Fee

$9,950 (one-time)

$9,950 (one-time)

Variable + 5 % carry

Variable + 5 % carry

Annual Admin

Annual Admin

Included

Included

Ongoing admin fees

Ongoing admin fees

Tax Prep / K-1

Tax Prep /

K-1

Included

Included

Included

Included

Custom Terms

Custom Terms

Flexible

Flexible

Limited

Limited

Carry Retention

Carry Retention

100% yours

100% yours

95% yours

95% yours

Over the life of an SPV, Allocations typically saves $5,000–$10,000 per deal versus AngelList, while giving managers full control and faster execution.

Investor experience redefined

Investor experience redefined

Allocations automates the entire LP journey:

Allocations automates the entire LP journey:

*

Digital KYC/KYB onboarding

Digital KYC/KYB onboarding

*

Instant capital calls and wires

Instant capital calls and wires

*

Real-time portfolio tracking

Real-time portfolio tracking

*

Automated K-1 distribution

Automated K-1 distribution

LPs can log in, fund, and track performance in one secure dashboard, no scattered spreadsheets, no waiting on email confirmations.

LPs can log in, fund, and track performance in one secure dashboard, no scattered spreadsheets, no waiting on email confirmations.

Beyond Startups: Multi-Asset Private Markets

Beyond Startups: Multi-Asset Private Markets

Allocations was designed for cross-asset flexibility. Managers can structure SPVs for:

Allocations was designed for cross-asset flexibility. Managers can structure SPVs for:

*

Startup

Equity

Startup Equity

Startup

Equity

*

Real-Estate Acquisitions

Real-Estate Acquisitions

Real-Estate

Acquisitions

*

Crypto

Investments

Crypto

Investments

*

Private Credit & Debt Vehicles

Private Credit & Debt Vehicles

Private Credit &

Debt Vehicles

AngelList’s infrastructure, while proven, doesn’t yet support this breadth.

AngelList’s infrastructure, while proven, doesn’t yet support this breadth.

How Allocations Modernizes Fund Administration

How Allocations Modernizes Fund Administration

Traditional fund admin stacks involve multiple vendors, lawyers, accountants, banking partners, and filing agents

Traditional fund admin stacks involve multiple vendors, lawyers, accountants, banking partners, and filing agents

Allocations replaces that entire stack with a single integrated platform, combining:

*

Document

Automation

Document Automation

*

Digital Compliance Workflows

Digital Compliance Workflows

*

API-Based Banking

and Reporting

API-Based Banking and Reporting

The result: lower overhead, faster cycle times, and a cleaner LP experience.

The result: lower overhead, faster cycle times, and a cleaner LP experience.

Who uses Allocations

Who uses Allocations

Allocations powers thousands of funds, angels, and syndicates, including:

Allocations powers thousands of funds, angels, and syndicates, including:

*

Emerging VC managers launching their first funds

Emerging VC managers launching their first funds

*

Family offices syndicating co-investments

Family offices syndicating co-investments

*

Angel groups running frequent deals

Angel groups running frequent deals

Each benefits from the same underlying automation that minimizes legal and admin friction.

Each benefits from the same underlying automation that minimizes legal and admin friction.

What users say

What users say

“We moved from AngelList to Allocations and cut our deal setup time from 10 days to under 30 minutes.”

Mario Moscatiello

Emerging Manager, Los Angeles

“Allocations gave us flexibility AngelList couldn’t; we run startup and real-estate SPVs from the same dashboard.”

Kunal

Family Office Lead, Miami

The Bottom Line

The Bottom Line

Category

Category

Category

Allocations

Allocations

Allocations

AngelList Venture

AngelList Venture

AngelList Venture

Setup Speed

Setup Speed

Minutes

Minutes

Days–Weeks

Days–Weeks

Pricing Model

Pricing Model

Flat one-time

Flat one-time

5 % carry + admin

5 % carry + admin

Asset Support

Asset Support

Multi-asset

Multi-asset

Startups only

Startups only

Automation Level

Automation Level

Full

Full

Partial (Manual)

Partial (Manual)

Investor Experience

Investor Experience

White-label + real-time

White-label + real-time

Generic portal

Generic portal

Best for

Best for

Managers scaling SPVs fast

Managers scaling SPVs fast

Angels in startups

Angels in startups

Over the life of an SPV, Allocations typically saves $5,000–$10,000 per deal versus AngelList, while giving managers full control and faster execution.

Ready to experience Allocations?

Ready to experience Allocations?

Book a live walkthrough and see how Allocations automates the entire process, from entity creation to LP payouts.

Launch your next SPV in minutes.

Book a live walkthrough and see how Allocations automates the entire process, from entity creation to LP payouts.

Launch your next SPV in minutes.

Allocations secondary market is operated through Allocations Securities, LLC dba AllocationsX, member FINRA/SIPC. To check this firm on BrokerCheck, click on the following link: here. The main FINRA website can be accessed through this link: here. Allocations Securities, LLC is a wholly owned subsidiary of Allocations, Inc.

Copyright © Allocations Inc

Allocations secondary market is operated through Allocations Securities, LLC dba AllocationsX, member FINRA/SIPC. To check this firm on BrokerCheck, click on the following link: here. The main FINRA website can be accessed through this link: here. Allocations Securities, LLC is a wholly owned subsidiary of Allocations, Inc.

Copyright © Allocations Inc

Allocations secondary market is operated through Allocations Securities, LLC dba AllocationsX, member FINRA/SIPC. To check this firm on BrokerCheck, click on the following link: here. The main FINRA website can be accessed through this link: here. Allocations Securities, LLC is a wholly owned subsidiary of Allocations, Inc.

Copyright © Allocations Inc

Allocations secondary market is operated through Allocations Securities, LLC dba AllocationsX, member FINRA/SIPC. To check this firm on BrokerCheck, click on the following link: here. The main FINRA website can be accessed through this link: here. Allocations Securities, LLC is a wholly owned subsidiary of Allocations, Inc.

Copyright © Allocations Inc