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In early March, it was reported that Cruise Automation, the San Francisco based autonomous vehicle technology developer, had been acquired by GM for $1b.
The deal was a huge success for the Cruise Automation team (which numbered only c.40 people at the time) and its investors.
It was also a huge success for crowdfunding platform AngelList, where Cruise Automation raised its Series A and B rounds, as it is the first time a 'Unicorn' has emerged from the crowdfunding platform.
Cruise had raised around $18 million in venture capital funding, from a group of institutional investors that included Spark Capital, Maven Ventures, Founder Collective and Y Combinator. More quietly, however, the company’s Series A and Series B funding each included $100,000 from syndicates put together via AngelList
http://fortune.com/2016/03/23/equity-crowdfunding-just-had-its-first-billion-dollar-exit/
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