Rollups | Frequently Asked Questions

About Rollups

Rollups is the name of our company. Our products “rollup” companies’ stakeholders when raising capital and when consolidating existing stakeholders. When raising capital, companies use Roll Up Vehicles® (RUVs). When consolidating existing investors, it’s called a Consolidation Vehicle™.
Rollups is part of AngelList’s ecosystem of brands. AngelList.com is for VCs and investors. Rollups serves companies. Our products for fundraising and consolidating stakeholders benefit from AngelList’s core infrastructure. Your investors and stakeholders likely already have AngelList accounts, and they can use them with Rollups without any additional effort.
Yes. All of Rollups’ products work with any cap table solution.
Learn more about RUVs here.
Learn more about CVs here.

Roll Up Vehicles® (RUVs)

Roll Up Vehicles (RUVs) are a type of Special Purpose Vehicle (SPV) designed for founders who want to efficiently raise capital from individual operators and angels with a single cap table entry. Traditional SPVs are run by external investors, who are actively involved in the management of the SPV and typically receive performance-based compensation from the vehicle (carried interest). With RUVs, the founder of the portfolio company creates RUVs but is not required to play a formal material role in the RUV.
Yes, all investors in a Roll Up Vehicle must be accredited. Investors may be based in most jurisdictions as long as they meet US accreditation and KYC requirements. Rollups does not support transactions for persons or entities residing in restricted countries or regions. Contact us for a current list.
Generally, yes, QSBS eligibility flows through to investors when they invest into your RUV. Contact us for more details.
RUVs benefit from AngelList's trusted investor accounts and investment experience. When your investors invest into your RUV, they will be using their AngelList accounts, saving them from time spent on KYC, accreditation, and providing bank info.
RUV customers are private companies that have raised (or are currently raising) venture capital. We support companies incorporated in other countries, subject to certain restrictions.
Standard RUVs for US C-Corps have a flat $8k setup fee. We also support more complex structures, instruments, and needs, along with dedicated white-glove support from a deal team. Pricing for these cases depends on the setup. To confirm pricing for your RUV, submit your RUV or contact us.
Rollups builds the known, fixed costs of running an RUV into our pricing, unlike other providers that surprise you with add-on fees once you're on the phone. The RUV will pay certain variable state filing fees based on where your investors are located. This cost will be passed on to you. The typical range for these fees is between $750-$1,250, but exact numbers will vary.
By default, regulatory requirements prevent you from publicly marketing your RUV. Contact us to discuss other options that may be available.
Roll Up Vehicles are private. Neither AngelList nor Rollups shares your RUV with investors. The only way for someone to view or invest in a RUV is through the invite link managed by the company.

SAFE Fundraising

Each SAFE you sign adds complexity to your cap table. A Roll Up Vehicle consolidates multiple investors into one entity, and that entity signs only one SAFE, making it easier to manage your investors and your cap table. We recommend starting an RUV if you intend to raise from 5 or more investors. You can easily add an RUV to your SAFE round in the app.
SAFE.new allows you to sign one or two SAFEs in seconds, without creating an account. Creating an account gives you the ability to manage your round more comprehensively and securely.
Right now, we support USDC on Ethereum Mainnet. We will be adding more stablecoins and networks in the future. Contact us to learn more or suggest new functionaliy.
Create an account to see AngelList's market data. It will give you a real-time sense for round sizes and terms, by stage and industry.
There are 8 different types of SAFEs that offer a combination of terms: valuation caps, discounts, MFN, and pro rata rights.
Yes, you can use your custom SAFE from your law firm. Creat an account and then configure your custom SAFE template using our template builder.
During the signing process, investors will attest to their accreditation status and the fundraising automation software will capture that information. The SAFE fundraising software is not intended for use with general solicitation, which requires enhanced verification . Please contact us first if you intend to generally solicit investors as we may be able to help you with your specific needs.
It is free for both you and your investors. Optionally, you can choose to launch a Roll Up Vehicle to avoid signing too many SAFEs, and in that case, RUV pricing applies when you close the RUV.
A SAFE (Simple Agreement for Future Equity) is a simple contract between a company and an investor that gives the investor the right to receive equity in the company at a future date, typically when the company raises its next round of funding or is acquired. You can learn more about SAFEs here.

Consolidation Vehicles

Consolidation Vehicles work on existing stakeholders already on the cap table to help companies streamline their capitalization, secondary transactions, and acquisitions. Roll Up Vehicles (RUVs) are a type of Special Purpose Vehicle (SPV) designed for founders who want to efficiently raise capital from individual operators and angels with a single cap table entry.
CVs are a unique structure, unlike SPVs, that enable companies to enjoy all the benefits of a consolidated cap table, while also enabling investors to keep their QSBS eligibility and voting rights (unless the company wishes to supplement the CV with a voting proxy/POA). Contact us to learn more.
CVs are investor friendly. Typically, when companies transfer stakeholders from their cap table into a traditional SPV, they lose their QSBS eligibility and often lose voting rights. But CVs are not built like SPVs. Their unique structure enables stakeholders to retain their QSBS eligibility and voting rights.

Investor Waitlist

An investor waitlist lets you capture interest from investors you already know before you officially raise. Share a single link with your network, and they can express their intent to invest — including how much they want to commit and what value they bring.
Yes, waitlists are completely free to create and manage. You only pay when you decide to use Rollups to launch the actual raise.
You share a unique link with your contacts and they fill out a simple form with their intended investment amount, value-add, and optionally refer other investors — all powered by AngelList investor accounts.
Yes. When you are ready to raise, Rollups carries your waitlist data into a live round so you can move from investor interest to committed capital without rebuilding your pipeline. Depending on your setup, that can be a direct raise or a Roll Up Vehicle.
Absolutely. Rollups is built on AngelList infrastructure, which manages over $171B in assets on platform. Your data and your investors' information are protected with enterprise-grade security.
No. That is the whole point. A waitlist lets you organize your investor relationships early — months before you plan to raise — so when you are ready, you already have committed interest lined up.
Nothing. There is no commitment from you or anyone on your waitlist until you decide to open a live round. You can keep your waitlist open indefinitely.

Secondary Vehicles

Secondary Vehicles are led by companies and do not charge investors management fees or carry. They are best used when either the company or existing shareholders already know the buyers, and there is no need for a third party VC or GP to charge investors fees or carry. Traditional secondary SPVs are led by VCs and GPs who charge investors 2-5%+ fund management fees and 10-30%+ carried interest for access to the company's secondary shares.
The company initiates and leads Secondary Vehicles and approves all shares for sale. Therefore all investment opportunities in Secondary Vehicles are company-verified and do not carry the potential risks that some traditional secondary SPVs might.
Companies and their shareholders bring their own buyers to the Secondary Vehicle. Rollups does not facilitate introductions to investors/buyers but may work with affiliated entities to help select companies raise additional capital in their Secondary Vehicle.
Rollups handles all ongoing administration including entity formation, compliance, K-1s, tax docs, and investor communications. The company gets a clean, consolidated cap-table entry with zero operational lift.

ControlOS

Rollups is the name of our company. Our product suite is expanding to include ControlOS.
Rollups is part of AngelList’s ecosystem of brands. AngelList.com is for VCs and investors. Rollups serves companies. Our products for companies benefit from AngelList’s core infrastructure. Your investors and stakeholders likely already have AngelList accounts, and they can use them with Rollups without any additional effort.
Yes. All of Rollups’ products work with any cap table solution.
No. ControlOS is not a marketplace. It is a suite of software tools for companies to manage their secondary market transactions.
You can start with the products you need—for example Scanner alone—and add Demand List or Transfer Portal & Consolidate when you are ready.
Companies can use Scanner to maintain awareness while they roll out Demand List to their shareholders as a company-managed alternative to the public marketplaces. When you are ready to execute, Transfer Portal automates documents, approvals, e-sign, payments, and status updates through to close. You can use them as one flow or adopt them individually as your program matures.
Buyers/Sellers do not need to create accounts or sign in to submit their interest in Demand List. However, they do need to have an account to transact. Many investors and stakeholders already have AngelList accounts because Rollups runs on AngelList’s infrastructure. Where that applies, they can sign in with their existing accounts. Your team controls who receives links and access to company-specific flows like Demand List.
Submissions go into a private pipeline that only your team can see. It is not a public order book—shareholders and buyers express interest through your link, and you decide how to review, screen, and progress matches.
No. ControlOS is operational software for notifications, routing interest, approvals, signatures, and tracking—it does not replace legal or securities advice or the role of a broker where one is required.
ControlOS is focused on visibility, management, and execution for secondaries. Rollups also offers products for raising capital (for example Roll Up Vehicles® (RUVs)) and for pooling secondary buyers (Secondary Vehicles / Consolidate). They can work alongside ControlOS depending on your transaction. Learn more about RUVs here, consolidation here, and secondary vehicles here.