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Ligature
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Subscription Amount
$5,000+ Quarterly
Subscription Period
4-16 Quarters
Management Fee
2% per year over 10 years
Carry
20%
Admin Fee (annualized)
$2.5k + 0.2% of contributed capital
Invest Account
Select invest account
Note from Daniel Scrivner & Dan Becker
Ligature is The Design VC. We invest in early-stage software and technology companies and then help them create world-class user experiences with hands-on help with design. Our extensive 0-1 operating experience gives us a unique set of lenses for evaluating early teams, products, and hypotheses with little data.
With over 30 years of collective experience, we've built and led design work at iconic global companies like Apple, Square, Airbnb, Instagram, and Strava. In those roles, we’ve hired 100+ designers, scaled design teams, led global campaigns, and launched new markets.
We have a track record of adding tangible value far beyond an initial investment, which gives us leverage to get into the best companies around the world.
Breakthrough returns:
- Public - 15.11x MOIC | Multi-asset investing. Industry-leading yields. Trusted by millions.
- Bridge - 14.74x MOIC | An entirely new payments platform, built with stablecoins, to simplify global money movement.
- Array - 4.76x MOIC | Financial, identity, and privacy protection tools that drive growth.
- Carbonfact - 4.01x MOIC | Sustainability platform built for apparel and footwear.
- Kittl - 3.55x MOIC | Kittl makes it simple to create professional designs — just the right tools, no unnecessary extras.
General partners:
- Daniel Scrivner started his career at Apple before leading design at Block (Square and Cash App) from 50 people to a $4.4B IPO. He’s also been CEO of a $3M ARR business. His personal track record as an angel is an IRR of 56.8% (2016-2024).
- Dan Becker has built and scaled category-defining products at Square, Airbnb, and Strava, working directly with CEOs to launch 0-1 initiatives and transform early ideas into thriving businesses. He brings a proven ability to turn vision into tangible, scalable outcomes.
How we invest:
- Focused on the earliest stages. 70% Seed (Pre-Seed through Seed+) and 30% Series A.
- Focused on Financial Infrastructure including investment platforms, crypto infrastructure, financial services, payments, and money movement. As well as Frontier Technologies including hardware x software, computer vision, robotics, AI, and next-gen platforms.
- 2-3 investments per quarter on average.
Still have questions? Email us at [email protected].
Daniel Scrivner and Dan Becker
Founders & General Partners
“Good design is just good business.” – Paul Rand
Investment Details
Subscription Start Date
April 1, 2025
Minimum Quarterly Subscription
$5,000
Minimum Subscription Period
4 Quarters
Management Fee
Investors pay management fees of 2% per year for the first 10 years.
Management fees are taken as a percentage of the total committed capital. The total management fee is paid out quarterly over the first
four years of the fund's life.
Carry
Twenty percent (20%)
Admin Fee (annualized)
$2.5k + 0.2% of contributed capital
Fees for each quarterly fund in the Rolling Fund Program will vary based on each quarterly fund’s capital contributions since the fee includes a flat fee component. Last quarter, this fund closed $124k in capital.
Fund Lead Commitment
Daniel Scrivner & Dan Becker's personal subscription per quarter will be at least 10% of each quarterly fund's total committed capital with a quarterly cap of $10,000 in total.
Special Disclosure
Investors should beware that Dan Becker and Daniel Scrivner will have the discretion to offer to the Fund their investment opportunities. They are not obligated to do so and may invest via other vehicles instead of through the fund. It's possible that these investments generate greater returns, and, by potentially not participating in them, the fund's portfolio may become riskier or offer lower returns.
Investor FAQ
How is this program different from venture fund investing?
How do subscriptions work?
How do management and admin fees work?
How does carried interest work?
How do distributions work?
Will a Limited Partner (LP) participate in all investments made by the funds offered through this Program?
Will an LP's percentage ownership of quarterly funds always be the same?
Are LPs guaranteed access to Ligature's future funds?
How are subscriptions funded?
How does changing or canceling a subscription work?
Who manages these funds?
Do funds in this Program have minimum or maximum investment sizes?
What happens if funds in this Program do not invest their total capital each quarter?
When will LPs learn about companies the funds invested in?
Can LPs opt out of specific deals?
Can LPs sell their investment in the fund?
Can LPs redeem their interests in the fund?
When will funds launched under this Program begin deploying capital?
How do I receive tax documents from this Program?
Unanswered questions? Contact AngelList
The performance of past deals or a lead investors' track record is not a guarantee of future returns. Venture capital fund investments are inherently risky and illiquid. Such investments involve a high degree of risk and are suitable only for sophisticated and accredited investors.
AngelList and its affiliates do not provide investment advice to investors. The information on this page should not be relied upon as research, investment advice or a recommendation of any kind. Information on this page is qualified in its entirety by the fund's Limited Partnership Agreement, Private Placement Memorandum and Subscription Agreement, which should be reviewed carefully prior to making an investment decision. Please see these documents for full details regarding risks, minimum investment, fees and expenses. The Fund Lead and the fund's investment advisor have the right to waive or charge additional carry to certain investors. The fund's legal name may be different from the name used above.
This fund may accept new investors after the fund undergoes a valuation update. Certain potential investors in the fund may then have access to materially different information concerning fund value at the time of their investment.
Current or future portfolio companies in this fund may use AngelList's recruiting platform and may pay an affiliate of the fund's investment adviser for premium recruiting tools and services. This may create a potential conflict of interest for the investment adviser, which you will consent to by subscribing to the fund.
Please read the disclosures in full here.
Apply To Subscribe
Subscription Amount
$5,000+ Quarterly
Subscription Period
4-16 Quarters
Management Fee
2% per year over 10 years
Carry
20%
Admin Fee (annualized)
$2.5k + 0.2% of contributed capital
Invest Account
Select invest account