60-70% of angel investors still track their portfolios in Excel or Google Sheets. It works for the first few investments. Then your portfolio grows, formulas break, and you spend more time updating the sheet than analyzing your investments.
AngelHub replaces your spreadsheet with a purpose-built platform that automates the tedious work and gives you insights you cannot get from a flat grid of cells.
Every angel investor hits a moment where their spreadsheet goes from helpful to harmful. Here are the numbers that define that inflection point.
Spreadsheets were built for general data. Not for tracking a portfolio of startup investments across stages, instruments, and years.
One wrong cell reference and your entire portfolio valuation is off. A study by Raymond Panko found that 88% of spreadsheets contain errors. With real money on the line, that is a risk you should not take.
Angel investors report spending 30-45 minutes per week updating their spreadsheets. That is 26-39 hours per year you could spend sourcing deals, doing due diligence, or mentoring founders.
Spreadsheets work fine for 5-10 investments. But as your portfolio grows past 20 companies, the tabs multiply, formulas break, and finding information becomes a nightmare.
Your SAFE notes are in Google Drive. Your cap tables are in email. Your investment memos are in Notion. Nothing is connected to the actual investment data in your spreadsheet.
Calculating IRR requires XIRR formulas that most investors get wrong. MOIC and portfolio-level metrics need custom pivot tables. Interactive visualizations are simply not possible.
You either share the entire spreadsheet or nothing at all. There is no way to show an LP a portfolio summary without exposing every cell, formula, and comment in the sheet.
See exactly what you gain by switching from a spreadsheet to AngelHub.
| Feature | AngelHubPurpose-built | SpreadsheetExcel / Google Sheets |
|---|---|---|
| Portfolio Tracking | ||
| Investment tracking | Dedicated fields for all investment types | Manual columns, prone to errors |
| SAFE note management | Built-in SAFE/Equity/Convertible tracking | Custom formulas needed |
| Scales to 100+ investments | Designed for large portfolios | Breaks down at 20-30 investments |
| Data validation | Automatic type checking & validation | No validation, easy to make errors |
| Analytics & Metrics | ||
| IRR calculation | Automatic (Newton-Raphson method) | Manual XIRR formula, error-prone |
| MOIC tracking | Automatic, real-time | Manual formula per investment |
| ROI calculation | Automatic with holding period | Basic formula, manual updates |
| Portfolio health score | Yes - composite 0-100 score | Not possible without custom development |
| Concentration risk analysis | HHI calculation, automatic alerts | Would require complex custom formulas |
| Vintage year analysis | Automatic cohort grouping | Manual pivot tables |
| Interactive charts | Yes - responsive with tooltips | Basic charts, limited interactivity |
| AI & Insights | ||
| AI investment summaries | Claude-powered analysis | Not available |
| Batch portfolio analysis | Analyze entire portfolio with AI | Not available |
| Pattern recognition | AI identifies trends across investments | Manual analysis only |
| Document Management | ||
| Store SAFE notes & SPAs | Attached to each investment | Separate folders, no link to data |
| Cap table uploads | Organized by investment | Not possible in a spreadsheet |
| Secure file storage | Encrypted, per-user access control | Local files or cloud drives |
| Deal Pipeline | ||
| Visual deal tracking | Kanban board with stages | Flat list, no visual pipeline |
| Activity timeline | 12 activity types with chronology | Manual notes column |
| Task reminders | Built-in reminders & deadlines | No reminder system |
| Data & Security | ||
| Data security | Row-level security, encrypted storage | File-level sharing only |
| Import from spreadsheet | CSV/Excel with validation | N/A (already in spreadsheet) |
| Export to spreadsheet | Excel, CSV, PDF export | Native format |
| Cost | Free tier; Pro $29/month | Free (Excel/Sheets) |
We made the migration as painless as possible. Your data, your pace.
Save your Excel or Google Sheets file as CSV. All major spreadsheet apps support this -- it takes one click.
Upload your CSV to AngelHub. Our import tool validates every row, flags errors with line numbers, and maps your columns automatically.
Your IRR, MOIC, ROI, portfolio health score, and AI summaries are generated automatically. No formulas to write. No charts to build.
Spreadsheets are free and flexible. We respect that. But when you are managing real investments with real money, purpose-built tools pay for themselves.
Stop manually updating cells, fixing broken formulas, and rebuilding charts. AngelHub automates all of it.
Get AI-generated summaries for each investment. Spot patterns across your portfolio that no formula can detect.
A single score (0-100) tells you how your portfolio is performing across all dimensions. No pivot tables required.
Attach SAFE notes, SPAs, and cap tables directly to each investment. No more hunting through folders.
IRR, MOIC, ROI, concentration risk, vintage year analysis, and stage breakdown -- all calculated automatically.
That is an entire workweek you can spend on deal flow.
Import your existing portfolio, get instant analytics, and start making data-driven investment decisions. The free tier means you have nothing to lose and everything to gain.
No credit card required. Import takes under 5 minutes. Keep your spreadsheet as backup.
Yes. Export your spreadsheet as CSV, then upload it to AngelHub. Our import tool validates every field, flags errors with row numbers, and supports all common date formats. Required fields include company name, investment date, instrument type, amount invested, currency, entry stage, and status.
AngelHub replaces most custom formulas with built-in calculations. IRR, MOIC, ROI, annualized returns, and portfolio health scores are all calculated automatically. You import the raw data -- the platform does the math.
Absolutely. AngelHub supports export to Excel (multi-sheet workbook), CSV, and PDF at any time. Your data is always yours, and you can keep a spreadsheet backup if you want.
No. You can export all your data at any time in Excel, CSV, or PDF format. We also support full data export under GDPR compliance. Your investment data is never locked in.
The free tier supports up to 5 investments with basic analytics, 5 AI summaries per month, 100MB document storage, and CSV export. For larger portfolios, our Pro plan ($29/month) supports 25 investments with advanced analytics, deal pipeline, and more.
AngelHub uses row-level security (RLS) at the database level, ensuring each user can only access their own data. All documents are stored with encrypted, per-user access control. We use Supabase (PostgreSQL) with enterprise-grade security.
See how AngelHub compares to other portfolio management tools.