Angel Studios, a streaming platform, has raised $47 million. The financing was led by Gigafund and Bain-backed Uncorrelated Ventures. Original seed investors Alta Ventures and Kickstart Fund also participated. In addition to the venture backing, five million of the investment round was crowdsourced directly from Angel Studios fans.

Angel Studios is a community-driven movie studio that empowers audiences to decide what content gets produced and distributed, while creating communities around each project. Creators pitch projects on the Angel platform, and 'Angel investors' fund the ones they're most excited to see.