Once you electronically sign the required documentation during the closing process – by clicking the checkboxes and the "Commit & E-Sign" button – your investment commitment is legally binding under the U.S. Federal ESIGN Act of 2000 and the Uniform Electronic Transactions Act. Because all signed commitments are considered final, we recommend signing only for investments you're confident you can fund.
If you do need to cancel or reduce an investment after signing, please be aware that these changes can affect the broader fundraising process. The lead and AngelList work closely with the portfolio company throughout the raise, and unexpected changes can delay financing rounds, require re-drafting of legal documents, and impact coordination with the lead and portfolio company. Any cancellation or reduction will require approval from the fund lead, and frequent changes may affect your ability to participate in future investments on the platform.
If the terms of a deal are materially altered after you have committed to an investment, you will be notified by email. In such cases, you will have the option to opt out of or reduce your investment without penalty.
How to request a cancellation or adjustment
To submit a request, go to your Commitments page, find the investment you'd like to modify, and click Edit investment. From there, select Adjust amount or cancel. You'll see an option to enter a new investment amount, or if you'd like to cancel entirely, click the "request to cancel" link at the bottom of the modal.
Please note that not all commitments are eligible for cancellation or adjustment – in some cases the option may appear greyed out. If that's the case, you can reach out to the fund lead directly through the Message Center, or contact AngelList for further assistance.