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angel fund

noun

Definition of angel fund 

: 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

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First Known Use of angel fund

1990, in the meaning defined above

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The first known use of angel fund was in 1990

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