Companies seeking to raise funds through private placements from angels or venture capitalist just obtained a new tool in their arsenal. AngelSoft, a New York company that makes software to assist investors track their portfolios has created a new online marketplace, Gust, designed to facilitate introductions between potential investors and start-up companies. According to Bloomberg News, the service is currently available to AngelSoft’s 150 venture-capital funds and 35,000 angel investors.
Investors will be able to search for investment opportunities, filter entrepreneurial requests and track their portfolios. Companies seeking capital will be able to post their progress and manage investor relations.
The new start-up service is in competition with the AngelList network, a service based in San Francisco that matches companies to investors. According to its founder,AngelList has had over 12,000 startup companies apply to join the network since it was created in February 2010.