INVESTOR NOTES / 001ANGEL INVESTOR / Sarajevo, Bosnia And Herzegovina
KNOW THE INVESTOR. SHARPEN THE PITCH.

Angel investor · Sarajevo, Bosnia And Herzegovina

Aditya Agarwal.

Recorded investments.
A clearer sense of fit.

Find where your company fits, how rounds are assembled, and what happened after the first investment.

THE ENTRY PATTERN2012–2026
77%

of dated first investments
were at Angel, Pre-Seed or Seed

First investment stage across 13 companies7 Seed, 3 Angel and 3 other-stage entries. Each dot represents one company.
Seed 7Angel 3Other 3

One dot = one company at first recorded investment.

13 companies · 15 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 13 May 2025
THE FOUNDER’S BRIEF

Read the pattern before the pitch.

Written insights from the recorded portfolio, with the evidence linked below.

01

Start with the first entry

Aditya Agarwal has dated investments in 13 companies. 10 first entries were at Angel, Pre-Seed or Seed (76.9%). An early-stage founder can use the sector and stage filters to find comparable companies before approaching the investor.

Explore the evidence ↗
02

Separate activity from reputation

3 first company relationships appear in the latest 24 months, compared with 3 in the preceding window. The latest recorded investment is 2025-05-13. This describes observed activity through 2026-05-22; it does not establish current availability.

Explore the evidence ↗
03

Plan the next financing step

6 of 10 companies with a full 24-month observation window raised another equity round. This investor backed 1 of those companies again within that window. The difference is a reason to research the wider syndicate, rather than assume the same investor will fund the next round.

Explore the evidence ↗
04

Use a specific point of relevance

FinTech is the largest displayed sector by company count, appearing in 5 portfolio companies; sector tags overlap. 1 first entries carry a recorded lead flag and the median first-round syndicate includes 8 other named backers. Shared rounds are evidence of co-investment, not evidence of an introduction route.

Explore the evidence ↗
01 / THE READOUT

Four signals before you pitch.

Start with observed behavior.
Every rate has a defined denominator.

01 — ROUND CONTEXT
$236K–$5.8M

The middle half of entry rounds

25th–75th percentile across 13 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
3companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 3 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
60%

Another equity round within 24 months

6 of 10 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
10%

This investor invested again within 24 months

1 of the same 10 companies. Build a financing plan around the wider investor market.

Explore co-investors ↗
02 / FIND YOUR FIT

Where does your company sit?

Choose your sector and stage to find
companies he first backed in that space.

YOUR COMPANY

A match means a recorded investment in this category. It does not establish current interest or availability.

13matching companies
$377Kmedian first round (13 disclosed)
3first backed in last 24 months

All sectors · All entry stages. Round amounts are total financing, in USD.

Seed

Be Clinical ↗

Developer of clinically tested anti-aging skincare products

$236K total first round
Seed

BauplanLabs ↗

Serverless data platform for AI and analytics applications

$7.5M total first round
Seed

GreenStitch ↗

Provider of software for sustainability, carbon accounting, and ESG reporting

$1.2M total first round
Explore matching portfolio companies ↓

The sector × stage map

First investments · companies can appear in more than one sector
Number of first investments by sector and entry stage. Select a cell to explore companies.
SectorAngelSeedSeries AAll stages
FinTech5
B2C E-Commerce2
Retail Tech2
Food & Beverage Products2
Plant Based Foods2
Auto E-Commerce & Content2
Auto Retail & Aftersales2
03 / ROUND DESIGN

The round around the investor.

Use stage-specific financing ranges
to frame the size of your syndicate.

First-round size, by entry stage

USD · middle 50% and median
Angel3 disclosed
$337K$204K–$349K
Seed7 disclosed
$377K$206K–$1.1M
Series A1 disclosed
$5.8M$5.8M–$5.8M
$10K$100K$1M$10M

Logarithmic scale. A dot marks the median; the band spans the 25th–75th percentiles. These are entire rounds, not individual cheques.

04 / WHAT HAPPENS NEXT

One investment. Two different paths.

A subsequent round and repeat backing
answer different fundraising questions.

10
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
60%
6 of 10 companies

Backed again by this investor

A subset of the companies above
10%
1 of 10 companies
i

Includes first investments on or before 22 May 2024. 3 newer companies and 0 undated histories are excluded. Follow-up stops at the dataset’s latest round on 22 May 2026. These observations do not measure returns or predict a company’s outcome.

See the stage-by-stage denominators +
First stageEligible companiesNext round ≤24 moSame investor again ≤24 mo
Angel32 / 31 / 3
Seed41 / 40 / 4
Series A11 / 10 / 1
Series D22 / 20 / 2
05 / INVESTMENT RHYTHM

New names. Returning relationships.

Separate first investments from later
rounds in companies already backed.

New companiesRepeat rounds

*2026 is partial, through 22 May. Bar height counts first investments + repeat rounds; earlier years are complete calendar periods in this dataset.

06 / THE CO-INVESTOR MAP

Who else belongs on your research list?

Frequent shared rounds suggest a place
to investigate sector and stage alignment.

01
ANGEL

Harshvardhan Agarwal

3 shared rounds · 1 companies

Latest shared round Mar 2019
02
ANGEL

Meeta Gandhi

3 shared rounds · 1 companies

Latest shared round Mar 2019
03
FIRM

Ahimsa

2 shared rounds · 2 companies

Latest shared round Oct 2022
04
FIRM

Angel List

2 shared rounds · 2 companies

Latest shared round Dec 2024
05
ANGEL

Anita Dongre

2 shared rounds · 2 companies

Latest shared round Oct 2022
06
ANGEL

Gautam Kumar ↗

2 shared rounds · 1 companies

Latest shared round Mar 2019

Shared rounds establish recorded co-investment. They do not establish a personal connection, introduction route, or current willingness to invest.

07 / THE EVIDENCE

Explore the portfolio.

First investment comes first.
Amounts refer to that entry round.

13 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
May 2025Seed$236KNo later round recorded
BauplanLabs ↗San Francisco
Apr 2025Seed$7.5MNo later round recorded
Dec 2024Seed$1.2MNo later round recorded
May 2024Series A$5.8MNo later round recorded
Oct 2022Seed$176KNo later round recorded
Oct 2022Seed$176KNo later round recorded
Mar 2022Series D$22MNo later round recorded
One Good ↗Bengaluru
Aug 2021Seed$1.0MNo later round recorded
ACKO ↗Bengaluru
Jun 2020Series D$60MNo later round recorded
Jan 2017Angel$337KYes · Mar 2018
Nov 2016Seed$377KNo later round recorded
Apr 2016Angel$71KNo later round recorded
Housing ↗Gurugram
Sep 2012Angel$361KNo later round recorded
0 more companies have undated investments

Kept in the 13-company portfolio; excluded from entry-timing calculations.

    RESEARCH THE FIT. THEN MAKE THE CASE.

    Your pitch starts with
    your company.

    Research your market ↗
    RADAR / COMPANY DISCOVERY

    Find the businesses
    worth a closer look.

    Search Sarajevo, Bosnia And Herzegovina investor companies in Radar. Filter the company directory to explore the businesses behind your market and investor research.

    Explore companies in Radar ↗
    FLIAR / CUSTOM DASHBOARD SERVICE

    A research dashboard.
    Built for your company.

    We build customized research dashboards for companies. Tell us which competitors, markets and questions matter to your team, and discuss a dashboard designed around your needs.

    Discuss a custom dashboard ↗A customized service from Fliar. Contact us to discuss your requirements.
    FLIAR PRISM / RESEARCH TOOL

    Turn your questions
    into deeper research.

    Use Fliar Prism to research a company, market or topic, with reports and insights drawn from its research dataset.

    Explore Fliar Prism ↗Start with the company or question you want to understand.
    CONTINUE YOUR RESEARCH

    Continue with Radar

    Sign in to Radar to continue researching this investor.

    Sign in to Radar ↗