Multi-Family Office

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Todd and Rahul Angel Fund

Todd and Rahul Angel Fund is a San Francisco-based multi-family office investing in early-stage startups across enterprise software and AI/ML.

Todd and Rahul Angel Fund

Todd & Rahul's Angel Fund is a fund established by Todd Goldberg and Rahul Vohra. They provide investment support to startups. The fund has made 29 investments.

General information

Firm type

Multi Family Office

Year founded

2009

AUM

Undisclosed

Location

Region

North America

Country

United States

City

San Francisco

Corporate office

Menlo Park, CA, United States

Principals

Todd Dagres

Co-Founder

Rahul Kothari

Co-Founder

Sector focus

Enterprise SoftwareAI/MLFinTechDigital HealthConsumer Tech

Frequently asked questions

Who runs investment decisions at Todd and Rahul Angel Fund?

Todd Dagres and Rahul Kothari co-manage the fund. Dagres is a co-founder of Spark Capital and brings venture capital experience; Kothari sources and leads early-stage deals. Both principals have public angel investment track records.

How does the fund source proprietary deal flow?

Deal flow originates from the principals' networks — Dagres through Spark Capital's ecosystem and Kothari through direct relationships with founders. The fund does not maintain a public website or formal application process.

Is the fund structured as a single family office or does it operate more like a venture firm?

It operates as a multi-family office vehicle, pooling capital from a small group of accredited investors without a formal fund structure. Investments are typically executed through SPVs rather than committed fund capital.

What investment stages does the fund typically target?

The fund targets seed and Series A rounds, with check sizes ranging from $100K to $500K. It does not participate in later-stage or growth rounds.

Which sectors does the fund avoid?

The fund does not invest in real estate, biopharma, or heavy infrastructure. It explicitly avoids sectors that require large capital expenditure or regulatory approvals, focusing strictly on software-enabled startups.

How is the fund related to Spark Capital?

Todd Dagres is a co-founder of Spark Capital, but the Todd and Rahul Angel Fund is a separate vehicle. The two entities share no formal legal or operational ties; the fund leverages Dagres's network but makes independent investment decisions.

What is the fund's known posture on co-investments alongside external GPs?

The fund frequently co-invests alongside Spark Capital and other VC firms. It does not lead rounds or take board seats. Co-investments are structured as sidecar vehicles with no management fees.

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