angel fund

noun

: a fund that pools capital for investment in new businesses : a fund of investment capital from a network of angel investors
Cook should collect money from alumni for an angel fund aimed at Harvard undergraduate startups.—John Heilemann, Wired, June 2000

Word History

First Known Use

1990, in the meaning defined above

Time Traveler
The first known use of angel fund was in 1990

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Cite this Entry

“Angel fund.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/angel%20fund. Accessed 29 Nov. 2024.

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