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AngelVest
AngelVest was established in 2007 by Gary Rieschel, a veteran venture investor who previously co-founded Qiming Venture Partners and served as a managing...
AngelVest
AngelVest was established in 2007 by Gary Rieschel, a veteran venture investor who previously co-founded Qiming Venture Partners and served as a managing director at SoftBank China. The firm operates as a multi-family office with an integrated angel-investing network, structuring itself to enable both direct venture capital commitments and fund-of-funds allocations for its member families. Strategy blends early-stage venture direct investments across technology sectors — enterprise software, AI/ML, fintech, digital health — with structured co-investment opportunities for its family office members. The firm is known for sourcing proprietary deal flow through its curated network of entrepreneurs and returning founders in the Shanghai ecosystem. Portfolio companies have included Dianrong (fintech) and LinkDoc Technology (digital health), among others (public record). Geographic focus remains primarily China, with expanding interest in Southeast Asian markets. The firm maintains a flat team structure with a small number of investment professionals, supplemented by its active member network of over 200 families. AngelVest has also operated programs for international family offices seeking China exposure through a membership model that provides curated access to startup deal flow, sector research, and networking events. A structural differentiator is AngelVest's membership club model — it does not simply manage pooled capital but actively curates a community of HNW families who co-invest together. This hybrid of a traditional multi-family office and an angel investing club allows it to source proprietary, founder-referred opportunities that might not appear in competitive auction processes.
General information
Firm type
Multi Family Office
Year founded
2007
AUM
Undisclosed
Location
Region
Asia
Country
China
City
Shanghai
Corporate office
Shanghai, China
Principals
Gary P. Rieschel
Founder & Managing Director
David Z. Wang
Managing Director
Sector focus
Frequently asked questions
Who runs investment decisions at AngelVest?
Gary Rieschel, founder and managing director, leads investment strategy alongside David Z. Wang, also a managing director. Rieschel previously co-founded Qiming Venture Partners and held roles at SoftBank China, giving the firm deep venture capital roots (public record).
How does AngelVest source proprietary deal flow?
AngelVest sources deals primarily through its curated network of member families, returning entrepreneurs, and relationships built in the Shanghai startup ecosystem. The membership model incentivizes referrals and co-investment, reducing reliance on competitive, auction-style deal sourcing (public record).
Is AngelVest structured as a single family office or does it operate more like a venture firm?
AngelVest operates as a multi-family office with an angel-investing club overlay. It pools capital from multiple HNW families while running a direct venture investment platform, making it structurally distinct from both a traditional single-family office and a conventional venture capital firm (public record).
Does AngelVest participate in fund commitments or only direct deals?
AngelVest engages in both — it makes direct venture-stage investments in private companies and also structures fund-of-funds allocations for its member families seeking diversified exposure to China and Southeast Asian technology markets (public record).
What investment stages does AngelVest typically target?
The firm primarily targets early-stage venture rounds — seed to Series B — with a focus on technology companies in China and, increasingly, Southeast Asia. It also facilitates later-stage co-investments for its member network when suitable opportunities arise (public record).
Which sectors does AngelVest explicitly invest in?
AngelVest focuses on enterprise software, AI/ML, fintech, digital health, climate tech, and consumer internet. It does not publicly list any permanently excluded sectors, but its disclosed portfolio skews heavily toward technology-enabled businesses in China (public record).
How is AngelVest related to Qiming Venture Partners?
Gary Rieschel founded both, but they are separate firms. Qiming is a traditional venture capital firm, while AngelVest operates as a multi-family office with a membership platform. There is no disclosed overlap in investment committees or fund structures between the two entities (public record).
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