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

Angel investor · San Francisco, United States

Elad Gil.

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 PATTERN2010–2026
37%

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

First investment stage across 123 companies40 Seed, 5 Angel and 78 other-stage entries. Each dot represents one company.
Seed 40Angel 5Other 78

One dot = one company at first recorded investment.

123 companies · 159 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 11 May 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

Elad Gil has dated investments in 123 companies. 45 first entries were at Angel, Pre-Seed or Seed (36.6%). 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

17 first company relationships appear in the latest 24 months, compared with 28 in the preceding window. The latest recorded investment is 2026-05-11. This describes observed activity through 2026-05-22; it does not establish current availability.

Explore the evidence ↗
03

Plan the next financing step

65 of 106 companies with a full 24-month observation window raised another equity round. This investor backed 20 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

Artificial Intelligence is the largest displayed sector by company count, appearing in 31 portfolio companies; sector tags overlap. 13 first entries carry a recorded lead flag and the median first-round syndicate includes 7 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
$5.8M–$39M

The middle half of entry rounds

25th–75th percentile across 120 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
17companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 28 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
61%

Another equity round within 24 months

65 of 106 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
19%

This investor invested again within 24 months

20 of the same 106 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.

123matching companies
$15Mmedian first round (120 disclosed)
17first backed in last 24 months

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

Series C

Frame Security ↗

Developer of security training simulations and human risk management software

$50M total first round
Series A

RunSybil ↗

Provider of AI based cybersecurity solutions for businesses

$40M total first round
Series D

Eon ↗

Provider of cloud infrastructure for data protection and analytics access

$300M 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 Intelligence31
FinTech21
Generative AI16
AI as a Service12
HealthTech11
Cybersecurity10
Future of Work10
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
Angel5 disclosed
$2.0M$1.2M–$18M
Seed39 disclosed
$4.4M$3.0M–$6.4M
Series A47 disclosed
$17M$11M–$24M
$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.

106
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
61.3%
65 of 106 companies

Backed again by this investor

A subset of the companies above
18.9%
20 of 106 companies
i

Includes first investments on or before 22 May 2024. 17 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
Angel53 / 51 / 5
Seed3721 / 377 / 37
Series A4227 / 427 / 42
Series B95 / 91 / 9
Series C42 / 42 / 4
Series D22 / 20 / 2
Series E+54 / 51 / 5
Unattributed21 / 21 / 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
FIRM

a16z

37 shared rounds · 27 companies

Latest shared round Mar 2026
02
FIRM

General Catalyst

21 shared rounds · 18 companies

Latest shared round Jun 2025
03
ANGEL

Nat Friedman ↗

18 shared rounds · 12 companies

Latest shared round May 2025
04
FIRM

Sequoia Capital

18 shared rounds · 14 companies

Latest shared round Mar 2026
05
FIRM

Y Combinator

17 shared rounds · 15 companies

Latest shared round Jun 2025
06
ANGEL

Dylan Field ↗

16 shared rounds · 14 companies

Latest shared round Jun 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.

123 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
May 2026Series C$50MNo later round recorded
RunSybil ↗San Francisco
Jan 2026Series A$40MNo later round recorded
Eon ↗New York City
Dec 2025Series D$300MNo later round recorded
Applied Compute ↗San Francisco
Oct 2025Series B$80MNo later round recorded
Oct 2025Series C$1.0BNo later round recorded
Periodic Labs ↗Mountain View
Aug 2025Seed$300MNo later round recorded
Rippling ↗San Francisco
May 2025Series E+$450MNo later round recorded
Yutori ↗San Francisco
Mar 2025Seed$15MNo later round recorded
Cognition ↗San Francisco
Mar 2025Series BUndisclosedNo later round recorded
Quanta ↗San Francisco
Feb 2025Seed$4.7MNo later round recorded
Abridge Inc ↗Pittsburgh
Feb 2025Series D$250MNo later round recorded
Bluenote AI ↗San Francisco
Dec 2024Series A$10MNo later round recorded
Braintrust ↗San Francisco
Oct 2024Series A$36MYes · Feb 2026
Harvey ↗San Francisco
Jul 2024Series C$100MYes · Feb 2025
Jun 2024Series B$175MYes · Feb 2025
HeyGen ↗Los Angeles
Jun 2024Series A$60MNo later round recorded
Decagon ↗San Francisco
Jun 2024Series A$30MYes · Oct 2024
Scale AI ↗San Francisco
May 2024Series E+$1.0BNo later round recorded
DatologyAI ↗Redwood City
May 2024Series A$46MNo later round recorded
Anrok ↗San Francisco
Mar 2024Series B$48MNo later round recorded
Mar 2024Series E+$250MYes · Jun 2025
LiveKit ↗Saratoga
Mar 2024Series A$22MNo later round recorded
Watershed ↗San Francisco
Feb 2024Series C$100MNo later round recorded
Recraft ↗San Francisco
Jan 2024Series A$12MYes · May 2025
Dec 2023Series A$415MNo later round recorded
Orchid ↗Armadale
Dec 2023Series A$12MNo later round recorded
Llama ↗Bengaluru
Nov 2023Seed$6.0MNo later round recorded
Socket ↗Stanford
Aug 2023Series A$20MYes · Oct 2024
Aug 2023Series B$46MNo later round recorded
Infisical ↗San Francisco
Jul 2023Seed$2.8MYes · Jun 2025
Contextual AI ↗San Francisco
Jun 2023Seed$20MNo later round recorded
Jun 2023Series B$100MNo later round recorded
NewLimit ↗San Francisco
May 2023Series A$60MYes · May 2025
Essential AI ↗San Francisco
May 2023Series A$8.0MNo later round recorded
ESSENTIAL ↗San Francisco
May 2023Seed$8.3MNo later round recorded
Mar 2023Series A$150MNo later round recorded
Magic AI ↗San Francisco
Feb 2023Series A$23MYes · Feb 2024
Recurrency ↗San Francisco
Feb 2023Series A$22MNo later round recorded
OneSchema ↗San Francisco
Nov 2022Seed$6.3MNo later round recorded
Sep 2022Seed$8.5MNo later round recorded
Goldsky ↗San Francisco
Sep 2022Seed$20MNo later round recorded
Ashby ↗San Francisco
Sep 2022Series B$22MYes · Jul 2025
Perplexity ↗San Francisco
Sep 2022Seed$3.1MYes · Jan 2024
AtoB ↗San Francisco
Aug 2022Series B$75MNo later round recorded
Farcaster ↗Los Angeles
Jul 2022Seed$30MNo later round recorded
Tactic ↗New York City
May 2022Unattributed$2.6MYes · Sep 2022
Kindred ↗San Francisco
Apr 2022Seed$7.8MNo later round recorded
Playbook ↗San Francisco
Apr 2022Series A$18MNo later round recorded
Warp ↗New York City
Apr 2022Series A$17MNo later round recorded
Mar 2022Seed$8.5MNo later round recorded
Nirvana ↗San Francisco
Feb 2022Series A$22MNo later round recorded
Metronome ↗San Francisco
Feb 2022Series A$30MNo later round recorded
Klarity ↗San Francisco
Jan 2022Series A$18MNo later round recorded
Lattice ↗San Francisco
Jan 2022Series E+$175MNo later round recorded
Jan 2022Unattributed$6.0MNo later round recorded
Envoy ↗San Francisco
Jan 2022Series C$111MNo later round recorded
Retool ↗San Francisco
Dec 2021Series C$20MYes · Jul 2022
Akido Labs ↗Los Angeles
Dec 2021Series A$11MNo later round recorded
Uniform ↗San Francisco
Dec 2021Series A$33MNo later round recorded
Nov 2021Seed$6.5MNo later round recorded
Gather ↗San Francisco
Nov 2021Series B$50MNo later round recorded
Hive Watch ↗Los Angeles
Oct 2021Series A$20MNo later round recorded
Oct 2021Series A$11MNo later round recorded
Navan ↗Palo Alto
Oct 2021Series E+$362MNo later round recorded
Oct 2021Series A$25MNo later round recorded
Cord ↗London
Oct 2021Series A$18MNo later round recorded
Sep 2021Seed$4.0MNo later round recorded
Xata ↗San Francisco
Sep 2021Seed$5.0MNo later round recorded
Aug 2021Series DUndisclosedNo later round recorded
Saturn ↗New York City
Aug 2021Series A$35MNo later round recorded
Polywork ↗New York City
Aug 2021Series A$13MNo later round recorded
ChartHop ↗New York City
Jun 2021Series B$35MNo later round recorded
Medallion ↗California City
Jun 2021Series A$20MYes · Jun 2022
Material ↗Redwood City
Apr 2021Series B$40MYes · May 2022
Apr 2021Series B$39MNo later round recorded
Apr 2021Series A$9.5MNo later round recorded
Riverside ↗Fort Collins
Apr 2021Series A$9.5MYes · Dec 2024
Benchling ↗San Francisco
Apr 2021Series E+$200MNo later round recorded
Cohere ↗New York City
Mar 2021Seed$3.1MNo later round recorded
WorkOS ↗San Francisco
Mar 2021Series A$15MNo later round recorded
Reduct ↗Palo Alto
Feb 2021Series A$4.0MNo later round recorded
Commsor ↗New York City
Feb 2021Series A$16MNo later round recorded
Sprig ↗San Francisco
Dec 2020Series A$16MYes · Aug 2022
Nov 2020Series D$500MNo later round recorded
Quo ↗Palo Alto
Nov 2020Series A$14MNo later round recorded
Nov 2020Series A$14MNo later round recorded
Render ↗San Francisco
Oct 2020Seed$4.5MNo later round recorded
Pulley ↗Mountain View
Oct 2020Series A$10MYes · Jul 2022
Aug 2020Seed$4.4MYes · Mar 2021
Anduril ↗Costa Mesa
Jul 2020Series C$200MYes · Jun 2021
Stytch ↗San Francisco
Jun 2020Seed$6.0MNo later round recorded
Cron ↗San Francisco
Mar 2020Seed$3.5MNo later round recorded
Feb 2020Seed$3.8MYes · Jan 2022
Nov 2019Seed$3.5MYes · Oct 2021
Streamlit ↗San Francisco
Oct 2019Seed$6.0MYes · Jun 2020
The Org ↗New York City
Jul 2019Seed$2.7MNo later round recorded
Jul 2019Angel$18MYes · Apr 2020
Notion ↗San Francisco
Jul 2019Angel$18MNo later round recorded
Simpo ↗San Francisco
Jun 2019Seed$4.5MNo later round recorded
Abacus.AI ↗San Francisco
Jun 2019Seed$5.3MNo later round recorded
Distru ↗Oakland
Jun 2019Seed$3.0MNo later round recorded
Oct 2018Series A$10MNo later round recorded
Oct 2018Series A$10MNo later round recorded
Leena AI ↗New York City
Aug 2018Seed$2.0MNo later round recorded
DIRT Protocol ↗Mountain View
Jul 2018Seed$3.0MNo later round recorded
Jun 2018Series A$17MYes · Dec 2021
Bitwise ↗San Francisco
Oct 2017Seed$4.0MYes · Jun 2021
BioAge Labs ↗Emeryville
Jul 2017Series A$11MYes · Dec 2020
May 2017Series A$6.5MNo later round recorded
WorkRamp ↗San Francisco
Dec 2016Seed$1.8MNo later round recorded
Cardiogram ↗San Francisco
Oct 2016Seed$2.0MNo later round recorded
Osaro ↗San Francisco
Dec 2015Seed$3.3MNo later round recorded
Zeplin ↗San Francisco
Nov 2015Angel$1.2MNo later round recorded
Triplebyte ↗San Francisco
Sep 2015Seed$3.0MNo later round recorded
Checkr ↗San Francisco
Oct 2014Series A$9.0MNo later round recorded
Sep 2014Series A$10MNo later round recorded
Jul 2013Seed$2.1MYes · May 2014
Apr 2013Series A$12MNo later round recorded
Diffbot ↗Palo Alto
May 2012Angel$2.0MNo later round recorded
GetSpool ↗San Francisco
Jan 2012SeedUndisclosedNo later round recorded
GOAT Group ↗Culver City
May 2011Seed$1.6MNo later round recorded
Optimizely ↗San Francisco
Nov 2010Angel$1.2MNo later round recorded
Qwiki ↗New York City
Sep 2010Seed$1.5MNo later round recorded
0 more companies have undated investments

Kept in the 123-company portfolio; excluded from entry-timing calculations.

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