INVESTOR NOTES / 001ANGEL INVESTOR / Muscat, Oman
Balaji Srinivasan
KNOW THE INVESTOR. SHARPEN THE PITCH.

Angel investor · Muscat, Oman

Balaji Srinivasan.

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 PATTERN2020–2026
63%

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

First investment stage across 95 companies59 Seed, 1 Angel and 35 other-stage entries. Each dot represents one company.
Seed 59Angel 1Other 35

One dot = one company at first recorded investment.

95 companies · 96 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 09 Mar 2026
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

Balaji Srinivasan has dated investments in 95 companies. 60 first entries were at Angel, Pre-Seed or Seed (63.2%). 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

25 first company relationships appear in the latest 24 months, compared with 41 in the preceding window. The latest recorded investment is 2026-03-09. This describes observed activity through 2026-05-22; it does not establish current availability.

Explore the evidence ↗
03

Plan the next financing step

27 of 70 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.

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04

Use a specific point of relevance

Web 3.0 is the largest displayed sector by company count, appearing in 31 portfolio companies; sector tags overlap. 3 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
$3.6M–$13M

The middle half of entry rounds

25th–75th percentile across 90 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
25companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 41 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
39%

Another equity round within 24 months

27 of 70 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
1%

This investor invested again within 24 months

1 of the same 70 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.

95matching companies
$6.4Mmedian first round (90 disclosed)
25first backed in last 24 months

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

Seed

ZODL E Commerce Jobs ↗

Developer of a mobile wallet focused on private cryptocurrency transactions

$25M total first round
Series A

Projecteleven ↗

Provider of quantum computing technology for securing digital assets against quantum threats

$20M total first round
Seed

RMFG ↗

Provider of custom sheet metal fabrication and welding assembly services

$4.5M 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
Web 3.031
Blockchain Infrastructure22
FinTech20
Blockchain in Financial Services16
Cryptocurrencies14
Artificial Intelligence11
Blockchain Protocols9
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
$1.0M$1.0M–$1.0M
Seed54 disclosed
$4.1M$3.0M–$7.4M
Series A31 disclosed
$12M$9.2M–$15M
$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.

70
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
38.6%
27 of 70 companies

Backed again by this investor

A subset of the companies above
1.4%
1 of 70 companies
i

Includes first investments on or before 22 May 2024. 25 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
Angel10 / 10 / 1
Seed4416 / 441 / 44
Series A2110 / 210 / 21
Series B31 / 30 / 3
Series C10 / 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
FIRM

Coinbase

13 shared rounds · 13 companies

Latest shared round Mar 2026
02
FIRM

DRAGONFLY

8 shared rounds · 7 companies

Latest shared round Aug 2024
04
FIRM

Polychain

7 shared rounds · 7 companies

Latest shared round Feb 2025
05
FIRM

Y Combinator

6 shared rounds · 6 companies

Latest shared round Dec 2025
06
FIRM

a16z

6 shared rounds · 6 companies

Latest shared round Apr 2024

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.

95 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Mar 2026Seed$25MNo later round recorded
Jan 2026Series A$20MNo later round recorded
RMFG ↗Fort Worth
Dec 2025Seed$4.5MNo later round recorded
0xbow ↗Nashville
Nov 2025Seed$3.5MNo later round recorded
ego AI ↗San Francisco
Oct 2025Seed$6.7MNo later round recorded
Oct 2025Series A$38MNo later round recorded
Mastra ↗San Francisco
Oct 2025Seed$13MNo later round recorded
Aug 2025SeedUndisclosedNo later round recorded
Pluralis ↗San Francisco
Mar 2025Seed$7.6MNo later round recorded
Mar 2025Seed$2.2MNo later round recorded
Prime Intellect ↗San Francisco
Mar 2025Series A$15MNo later round recorded
fomo ↗New York
Feb 2025Seed$2.0MNo later round recorded
Fluent Labs ↗California City
Feb 2025Series A$8.0MNo later round recorded
Jan 2025Series A$14MNo later round recorded
Datacurve ↗San Francisco
Jan 2025Seed$2.7MNo later round recorded
Tracer Bio ↗New York City
Dec 2024Series A$10MNo later round recorded
Wealthy ↗Bengaluru
Dec 2024Series A$1.8MNo later round recorded
Lica ↗San Francisco
Dec 2024Seed$4.0MNo later round recorded
Citrea ↗Cayman Islands
Oct 2024Series A$14MNo later round recorded
Chainway Labs ↗Cayman Islands
Oct 2024Series A$14MNo later round recorded
Oct 2024Seed$2.0MNo later round recorded
Peregrine Exploration
Aug 2024Series A$3.6MNo later round recorded
Profound ↗New York City
Aug 2024Seed$3.5MNo later round recorded
Prodia ↗Atlanta
Jul 2024Seed$15MNo later round recorded
Smashing ↗San Francisco
Jun 2024Seed$3.4MNo later round recorded
Superpower ↗Los Angeles
May 2024Seed$4.0MNo later round recorded
ENS DAO ↗Christchurch
May 2024Seed$5.0MNo later round recorded
Agora
May 2024Seed$5.0MNo later round recorded
Fal ↗Anguilla
Apr 2024Series A$14MNo later round recorded
Utila ↗Tel Aviv
Mar 2024Seed$12MNo later round recorded
Stack ↗New York City
Mar 2024Seed$3.0MNo later round recorded
Feb 2024Seed$27MNo later round recorded
Jan 2024Series A$12MNo later round recorded
Perplexity ↗San Francisco
Jan 2024Series B$74MNo later round recorded
Dot Product ↗San Francisco
Jan 2024Series A$6.0MNo later round recorded
Orchid ↗Armadale
Dec 2023Series A$12MNo later round recorded
Ritual ↗New York City
Nov 2023Series A$25MNo later round recorded
Proof of Play ↗New York City
Sep 2023Seed$33MNo later round recorded
Lore ↗New York City
Aug 2023Seed$2.3MNo later round recorded
Lens ↗Venice
Jun 2023Series A$15MNo later round recorded
PYOR ↗Bengaluru
May 2023Seed$4.0MNo later round recorded
Apr 2023Seed$4.0MNo later round recorded
Proven ↗New York City
Mar 2023Seed$16MNo later round recorded
Feb 2023Seed$20MNo later round recorded
Salsa ↗London
Feb 2023Seed$2.0MNo later round recorded
Sesame Labs ↗San Francisco
Feb 2023Seed$4.5MNo later round recorded
Jan 2023Seed$13MNo later round recorded
Dec 2022Series A$14MNo later round recorded
Buildspace ↗San Francisco
Nov 2022Series A$10MNo later round recorded
Sepana ↗Tel Aviv
Nov 2022Series A$10MNo later round recorded
Oct 2022Series A$55MNo later round recorded
Light Protocol ↗United Arab Emirates
Oct 2022Seed$4.2MNo later round recorded
nxyz ↗Mountain View
Oct 2022Series A$40MNo later round recorded
Oct 2022Series A$5.4MNo later round recorded
Aug 2022Seed$18MNo later round recorded
Lysto ↗Singapore
Aug 2022Seed$12MNo later round recorded
Socket ↗New York City
Jul 2022Seed$2.0MNo later round recorded
Jul 2022Seed$4.0MNo later round recorded
Quadrata ↗Los Angeles
Jul 2022Seed$7.5MNo later round recorded
AltLayer ↗Singapore
Jul 2022Seed$7.2MNo later round recorded
Afropolitan ↗San Francisco
Jun 2022Seed$2.1MNo later round recorded
DAOLens ↗Bengaluru
Jun 2022Seed$5.0MNo later round recorded
Samudai ↗Singapore
Jun 2022Seed$2.5MNo later round recorded
Jun 2022SeedUndisclosedNo later round recorded
Jun 2022Seed$3.8MNo later round recorded
May 2022Seed$5.0MNo later round recorded
QuestBook ↗Palo Alto
May 2022Series A$8.3MNo later round recorded
Pepul ↗Chennai
Apr 2022Seed$3.7MNo later round recorded
Apr 2022Seed$2.5MNo later round recorded
Apr 2022Seed$6.0MNo later round recorded
Synthesis ↗West Hollywood
Apr 2022Series B$12MNo later round recorded
Ellis ↗London
Apr 2022Seed$5.6MNo later round recorded
Dank Bank ↗New York City
Apr 2022Seed$4.2MNo later round recorded
Mar 2022Series A$4.6MNo later round recorded
RSS3 ↗Dublin
Dec 2021SeedUndisclosedNo later round recorded
Galoy ↗Sunnyvale
Dec 2021Seed$3.0MNo later round recorded
Praxis Society ↗San Francisco
Nov 2021Seed$4.2MNo later round recorded
Oct 2021SeedUndisclosedNo later round recorded
MediaKits ↗Scottsdale
Oct 2021Angel$1.0MNo later round recorded
Khatabook ↗Bengaluru
Aug 2021Series C$100MNo later round recorded
Nas.io ↗New York City
Jul 2021Series A$11MNo later round recorded
Nas Academy ↗New York City
Jul 2021Series A$11MNo later round recorded
Jun 2021Seed$9.0MNo later round recorded
Defined ↗Vancouver
May 2021Seed$2.5MNo later round recorded
May 2021Seed$2.0MNo later round recorded
May 2021Series A$11MNo later round recorded
Commonwealth Labs
May 2021Seed$3.2MNo later round recorded
May 2021Series A$12MNo later round recorded
Hashflow ↗San Francisco
Apr 2021Seed$3.2MYes · Jul 2022
Aleo ↗San Francisco
Apr 2021Series A$28MNo later round recorded
Feb 2021Series B$12MNo later round recorded
rally ↗San Francisco
Jan 2021SeedUndisclosedNo later round recorded
Push ↗Mumbai
Dec 2020Seed$750KNo later round recorded
Sep 2020Series A$4.3MNo later round recorded
Apr 2020Series A$11MNo later round recorded
0 more companies have undated investments

Kept in the 95-company portfolio; excluded from entry-timing calculations.

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