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Relay — AI-powered portfolio analyzer, driven by your inbox
Extract key details from investment documents and company updates with AngelList Relay. Transform unstructured data from your inbox into an organized dashboard by simply forwarding an email.
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👋 Hey everyone! We’re Tammy, James, Channing, Sung, and Thibaut from AngelList.
We span across the Product, Design, and Eng team here and have been working really hard on building Relay to reinvent the way fund managers and investors work with data from their emails.
Every day, fund managers, founders, investors, lawyers, accountants, and other stakeholders trade crucial information via email, and those emails become real-life investment deals.
With the common phrase time kills all deals, this means staying on top of your inbox can be crucial to your investing success.
Unfortunately, email services aren’t built for private markets. Key data, like legal documents and company updates, are only accessible to the account holder and are often quickly buried under new messages. Plus, it incredibly time consuming to read through all of the documents and ensuring you’re picking up key investment details (e.g. pay-to-play provisions, off-market terms, round size) that can impact your future returns.
As a result, inboxes end up acting as a repository, and people spend hours searching for information in a reactive manner.
That’s why today we’re launching AngelList Relay to optimize email management and portfolio tracking for all firms and their fund admins.
Relay is an AI-powered portfolio analyzer that automatically extracts information as structured data from email correspondences, allowing firms to easily:
• Organize and store over 16 types of legal documents
• Organize and store all company updates with 9+ parsed/structured terms
• Report on investment details based on 18+ terms parsed from investment documents like SPAs and SAFEs
• Generate LP facing investor updates
• Identify communication gaps in their portfolio (e.g., which companies are not sending important information).
We’re beyond excited to bring this to market and can’t wait to hear what you all think!
Thanks @nirnimes ! Before Relay, in order to understand portfolio performance, investors would have to manually collect company updates, organize them, and analyze them all on their own. Relay completely collapses that process, allowing investors to skip the collection and organization steps, and spend much more time on analysis. This will boost better decision making amongst investors.
Congratulations on the successful launch of Relay! It's impressive to see how you've tackled the challenge of extracting key details from investment documents. To enhance your product further, consider adding these features:
1. Smart categorization: Automatically organize extracted data into relevant categories for easy reference.
2. Customizable dashboards: Allow users to create personalized dashboards based on their specific preferences.
3. Integration with CRM tools: Enable seamless integration with popular CRM platforms for better data management.
4. Analytics and insights: Provide users with actionable insights and trends based on the extracted data.
5. Mobile app: Extend your reach by developing a mobile app for users to access and manage data on the go.
Feel free to connect with me on Product Hunt to discuss more and exchange ideas. I'd love to learn more about your journey and support each other's ventures!
Hey guys! I love this intuitive product. Coincidentally, I'm working on my startup ezML and we provide Computer Vision AI integration that I believe would enhance your feature set. Please let me know if you'd be interested. Best of luck!
Hi Team, congratulations with the launch. I think the idea is good and will help to start-ups and analytics of Angellist
congratulations on the launch of Relay
I believe that it will help everyone and it will also help to start ups analytics of Angellist❤️
Enjoyed seeing this come together, @tammyn26!
(context for everyone else: the team shared an early version with me a few months ago)
Can you share more about what's on the roadmap?
Hi @rrhoover,
First off - thank you again for your endless support throughout the development process, your input has greatly shaped the product that is Relay today.
In terms of the roadmap, we’re very excited to share that we’ll be working on the following features in the upcoming weeks:
1. Programmatically generating updates for your investors (LPs): Relay currently gathers KPIs and qualitative insights from the company updates you receive as a fund manager. We want to take this data collection to the next step and turn it into actionable insights. Soon you'll be able to define the categories and information you’d like to include in investor updates you send to LPs in your fund. Relay will then automatically generate an investor update which you can edit and share with your entire investor network.
2. Enhancing legal document parsing capabilities: Relay currently parses and extracts structured data from SPAs and SAFEs. It also manages (automatically categorizes and stores) an additional 16 document types. We're working to add 4 new legal documents to our parsing repository and will soon be able to parse other equity financing round documents (in Aug) and pro forma documents next month (in Sept).
3. Robust reporting: Relay currently extracts 27+ key terms from your legal documents and 10+ key terms from your company updates. We will be releasing a ChatAI which users can use to ask questions and generate reports using natural language processing. As an example, you’ll be able to ask Relay “Which companies in my portfolio have experienced revenue growth greater than 15% in the last quarter?”
4. Relay for individual investors (LPs): Currently, Relay’s interface is focused on fund managers. Next, we will be building Relay for individual LPs to also process documents and fund investor updates they receive from their fund managers.
That's our focus for the rest of Q3 but we're also open to additional feedback or feature requests if there are any that people would like to see on our roadmap!
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