INVESTOR NOTES / 001ANGEL INVESTOR / San Francisco, United States
Akshay Kothari
KNOW THE INVESTOR. SHARPEN THE PITCH.

Angel investor · San Francisco, United States

Akshay Kothari.

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 PATTERN2017–2026
56%

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

First investment stage across 36 companies18 Seed, 2 Angel and 16 other-stage entries. Each dot represents one company.
Seed 18Angel 2Other 16

One dot = one company at first recorded investment.

36 companies · 40 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 05 Dec 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

Akshay Kothari has dated investments in 36 companies. 20 first entries were at Angel, Pre-Seed or Seed (55.6%). An early-stage founder can use the sector and stage filters to find comparable companies before approaching the investor.

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02

Separate activity from reputation

10 first company relationships appear in the latest 24 months, compared with 6 in the preceding window. The latest recorded investment is 2025-12-05. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

16 of 26 companies with a full 24-month observation window raised another equity round. This investor backed 4 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.

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04

Use a specific point of relevance

Artificial Intelligence is the largest displayed sector by company count, appearing in 6 portfolio companies; sector tags overlap. 2 first entries carry a recorded lead flag and the median first-round syndicate includes 9 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
$3.3M–$16M

The middle half of entry rounds

25th–75th percentile across 35 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
10companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 6 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
62%

Another equity round within 24 months

16 of 26 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
15%

This investor invested again within 24 months

4 of the same 26 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.

36matching companies
$10Mmedian first round (35 disclosed)
10first backed in last 24 months

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

Series A

Quanta ↗

Automated accounting and finance platform for startups

$15M total first round
Seed

Anomaly Bio ↗

Developer of functional ingredients using advanced fermentation for various industries

$2.6M total first round
Seed

Wabi ↗

Developer of a personal software platform with customizable mini applications

$20M 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
Artificial Intelligence6
FinTech4
B2C E-Commerce4
Food Tech3
Business Intelligence3
Generative AI3
CFO Stack2
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
Angel1 disclosed
$5.0M$5.0M–$5.0M
Seed18 disclosed
$4.8M$2.1M–$8.9M
Series A12 disclosed
$15M$14M–$16M
$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.

26
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
61.5%
16 of 26 companies

Backed again by this investor

A subset of the companies above
15.4%
4 of 26 companies
i

Includes first investments on or before 22 May 2024. 10 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
Angel20 / 20 / 2
Seed107 / 103 / 10
Series A118 / 111 / 11
Series B10 / 10 / 1
Series C10 / 10 / 1
Series E+11 / 10 / 1
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

Dylan Field ↗

11 shared rounds · 9 companies

Latest shared round Oct 2025
02
ANGEL

Amjad Masad ↗

4 shared rounds · 4 companies

Latest shared round Nov 2025
03
ANGEL

Elad Gil ↗

4 shared rounds · 4 companies

Latest shared round Mar 2025
04
FIRM

Sequoia Capital

4 shared rounds · 4 companies

Latest shared round Aug 2021
05
FIRM

Accel

3 shared rounds · 3 companies

Latest shared round Dec 2025
06
FIRM

Designer Fund

3 shared rounds · 2 companies

Latest shared round Dec 2025

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.

36 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Quanta ↗San Francisco
Dec 2025Series A$15MNo later round recorded
Nov 2025Seed$2.6MNo later round recorded
Wabi ↗San Francisco
Nov 2025Seed$20MNo later round recorded
Gimlet Labs ↗San Francisco
Oct 2025Seed$12MNo later round recorded
Julius AI ↗San Francisco
Jul 2025Seed$10MNo later round recorded
Duna ↗Amsterdam
May 2025Seed$12MNo later round recorded
Yutori ↗San Francisco
Mar 2025Seed$15MNo later round recorded
Campus ↗Sacramento
Mar 2025Series B$46MNo later round recorded
Mainframe ↗San Francisco
Dec 2024Seed$5.5MNo later round recorded
Cartwheel ↗New York City
Jun 2024Seed$5.6MNo later round recorded
Recraft ↗San Francisco
Jan 2024Series A$12MNo later round recorded
Mar 2023Seed$128KNo later round recorded
Oct 2022Seed$261KNo later round recorded
Oct 2022Series A$15MNo later round recorded
Ohana ↗United States
Oct 2022Seed$4.0MNo later round recorded
Pocus ↗San Francisco
Jun 2022Series A$23MNo later round recorded
Mar 2022Seed$2.0MNo later round recorded
Invact ↗Bengaluru
Feb 2022Seed$5.0MNo later round recorded
Partly ↗Christchurch
Oct 2021Seed$2.6MYes · Dec 2022
Turnip ↗Bengaluru
Aug 2021Seed$597KYes · Dec 2021
Felt ↗Oakland
Aug 2021Seed$4.5MYes · May 2022
FrontRow ↗Bengaluru
Aug 2021Series A$14MNo later round recorded
Mercury ↗San Francisco
Jul 2021Series B$120MNo later round recorded
Atlan ↗New York City
May 2021Series A$17MNo later round recorded
WorkOS ↗San Francisco
Mar 2021Series A$15MNo later round recorded
Mar 2021Seed$5.0MNo later round recorded
Census ↗San Francisco
Feb 2021Series A$16MNo later round recorded
Sprig ↗San Francisco
Dec 2020Series A$16MNo later round recorded
Jul 2020Angel$5.0MNo later round recorded
Headspin ↗Palo Alto
Feb 2020Series C$60MNo later round recorded
Bigbasket ↗Bengaluru
Feb 2020Series E+$6.8MNo later round recorded
Jan 2019AngelUndisclosedNo later round recorded
CRED ↗Bengaluru
Sep 2018Series A$24MYes · Sep 2019
Oct 2017Series A$1.6MNo later round recorded
Jun 2017Series A$131KNo later round recorded
Skit.ai ↗Bengaluru
May 2017Seed$694KNo later round recorded
0 more companies have undated investments

Kept in the 36-company portfolio; excluded from entry-timing calculations.

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