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Key people at Ben Tossell's Rolling Fund.
Ben Tossell's Rolling Fund is an early-stage investment syndicate based in Wales, United Kingdom, that provides venture capital to artificial intelligence and no-code software startups. Hosted on the AngelList platform, the investment vehicle operates as a $1 million-plus annual rolling fund that writes initial check sizes ranging from $10,000 to $50,000 per portfolio company. The fund secures its capital commitments from a network of prominent limited partners, including venture capital firms Sequoia and Thrive, as well as notable angel investors like Ron Conway and Ryan Hoover. The firm's active portfolio features direct investments in emerging technology companies such as Supabase, Flutterflow, and Pika Labs, while operating alongside an associated industry newsletter that reaches over 100,000 active subscribers. Ben Tossell's Rolling Fund was originally established in 2020 by sole founder and general partner Ben Tossell.
Key people at Ben Tossell's Rolling Fund.
Ben Tossell's Rolling Fund is an early-stage investment vehicle managed by Ben Tossell, focusing primarily on startups in the no-code/low-code, creator tools, internal tools, JAMstack, and automation sectors[2]. The fund aims to support companies that democratize software development by enabling users to build software with little or no coding, reflecting Tossell's expertise and leadership in the no-code space[2][4]. It typically invests between $10,000 and $50,000 in emerging technology startups, providing capital and strategic support to founders innovating in these areas[2].
The fund leverages Tossell’s deep network within the no-code community and broader tech ecosystem, aiming to accelerate the growth of startups that empower non-technical users to create software solutions. This approach contributes to expanding the startup ecosystem by lowering barriers to entry for software development and fostering innovation in automation and creator tools[2][4].
Ben Tossell founded the rolling fund after establishing himself as a pioneer in the no-code movement. He is the founder and CEO of Makerpad, the leading no-code educational community, which he started in 2019 and later sold to Zapier in 2021[2][4]. Prior to Makerpad, Tossell worked in community roles at Product Hunt and AngelList, building a strong network of investors and founders[2]. His experience raising capital and successfully exiting Makerpad provided the foundation and credibility to launch the rolling fund.
The fund emerged from a combination of Tossell’s passion for no-code, a growing investor interest in the space, and the success of rolling funds as an investment model since 2020[3]. Early traction included attracting notable LPs such as Earnest Capital, Andrew Wilkinson, Sahil Lavingia, and Balaji Srinivasan, reflecting confidence in Tossell’s vision and network[3].
Ben Tossell’s Rolling Fund rides the wave of the no-code/low-code revolution, a major trend democratizing software development by enabling non-technical users to build applications and automate workflows without traditional coding[2][4]. This trend aligns with broader market forces such as increasing demand for automation, creator economy growth, and the rise of AI-enhanced tools.
The timing is critical as the next abstraction layer in software development is unfolding, making software creation accessible to a wider audience and accelerating innovation cycles[2]. By investing in this space, the fund influences the ecosystem by supporting startups that lower technical barriers, foster entrepreneurship, and expand the developer community beyond traditional programmers[4].
Looking ahead, Ben Tossell’s Rolling Fund is poised to capitalize on the continued expansion of no-code and AI-driven automation technologies. As these tools mature and integrate with AI capabilities, the fund’s portfolio companies could lead the next wave of software innovation, enabling even more sophisticated applications without code[4].
The fund’s influence is likely to grow as it scales its investments and LP base, potentially increasing capital commitments and expanding its impact on the startup ecosystem[3]. The ongoing evolution of the no-code movement, combined with AI advancements, will shape the fund’s trajectory and the broader democratization of software development, reinforcing Tossell’s role as a key investor and community builder in this transformative space.
