INVESTOR NOTES / 001ANGEL INVESTOR / ,
KNOW THE INVESTOR. SHARPEN THE PITCH.

Angel investor ·

Eric Sprott.

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 PATTERN2019–2026
0%

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

First investment stage across 16 companies0 Seed, 0 Angel and 16 other-stage entries. Each dot represents one company.
Seed 0Angel 0Other 16

One dot = one company at first recorded investment.

16 companies · 16 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 09 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

Eric Sprott has dated investments in 16 companies. 0 first entries were at Angel, Pre-Seed or Seed (0.0%). 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

12 first company relationships appear in the latest 24 months, compared with 0 in the preceding window. The latest recorded investment is 2025-12-09. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

1 of 4 companies with a full 24-month observation window raised another equity round. This investor backed 0 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

Mining Companies is the largest displayed sector by company count, appearing in 16 portfolio companies; sector tags overlap. 2 first entries carry a recorded lead flag and the median first-round syndicate includes 0 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
$2.6M–$8.2M

The middle half of entry rounds

25th–75th percentile across 15 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
12companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 0 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
25%

Another equity round within 24 months

1 of 4 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
0%

This investor invested again within 24 months

0 of the same 4 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.

16matching companies
$5.0Mmedian first round (15 disclosed)
12first backed in last 24 months

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

Post-IPO

TUDOR GOLD ↗

Mining and exploration company focused on base metal deposits

$8.5M total first round
Post-IPO

New Age Metals ↗

Mineral exploration and development company focused on platinum group metals

$2.9M 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.
SectorPost-IPOAll stages
Mining Companies16
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
Post-IPO15 disclosed
$5.0M$2.6M–$8.2M
$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.

4
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
25%
1 of 4 companies

Backed again by this investor

A subset of the companies above
0%
0 of 4 companies
i

Includes first investments on or before 22 May 2024. 12 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
Post-IPO41 / 40 / 4
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

Crescat Capital

1 shared rounds · 1 companies

Latest shared round Sep 2025
02
FIRM

EarthLabs

1 shared rounds · 1 companies

Latest shared round Jun 2025
03
FIRM

New Found Gold

1 shared rounds · 1 companies

Latest shared round Apr 2021
04
ANGEL

Rob Mcewen ↗

1 shared rounds · 1 companies

Latest shared round Sep 2025
05
ANGEL

Ross Beaty ↗

1 shared rounds · 1 companies

Latest shared round Aug 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.

16 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Dec 2025Post-IPO$3.6MNo later round recorded
Nov 2025Post-IPO$8.5MNo later round recorded
Sep 2025Post-IPO$2.9MNo later round recorded
Sep 2025Post-IPO$7.3MNo later round recorded
Sep 2025Post-IPO$2.9MNo later round recorded
Aug 2025Post-IPO$5.8MNo later round recorded
1911 Gold ↗Vancouver
Jul 2025Post-IPO$9.6MNo later round recorded
Jul 2025Post-IPO$14MNo later round recorded
Jun 2025Post-IPO$1.5MNo later round recorded
Westhaven ↗Vancouver
Jun 2025Post-IPO$2.3MNo later round recorded
Jun 2025Post-IPO$1.5MNo later round recorded
May 2025Post-IPO$753KNo later round recorded
K9 Gold ↗Vancouver
May 2021Post-IPOUndisclosedNo later round recorded
Apr 2021Post-IPO$8.0MNo later round recorded
Aug 2020Post-IPO$9.5MNo later round recorded
Aug 2019Post-IPO$5.0MNo later round recorded
0 more companies have undated investments

Kept in the 16-company portfolio; excluded from entry-timing calculations.

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