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

Angel investor · San Francisco, United States

Frederic Kerrest.

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
36%

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

First investment stage across 28 companies10 Seed, 0 Angel and 18 other-stage entries. Each dot represents one company.
Seed 10Angel 0Other 18

One dot = one company at first recorded investment.

28 companies · 29 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 28 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

Frederic Kerrest has dated investments in 28 companies. 10 first entries were at Angel, Pre-Seed or Seed (35.7%). 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

7 first company relationships appear in the latest 24 months, compared with 5 in the preceding window. The latest recorded investment is 2026-03-28. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

12 of 21 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

Artificial Intelligence is the largest displayed sector by company count, appearing in 5 portfolio companies; sector tags overlap. 0 first entries carry a recorded lead flag and the median first-round syndicate includes 7.5 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
$8.3M–$34M

The middle half of entry rounds

25th–75th percentile across 28 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
7companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 5 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
57%

Another equity round within 24 months

12 of 21 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 21 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.

28matching companies
$19Mmedian first round (28 disclosed)
7first backed in last 24 months

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

Seed

Sycamore ↗

Developer of an operating system for building and deploying AI agents

$65M total first round
Seed

Jet Stream ↗

Provider of an AI governance platform for enterprise security and risk

$34M total first round
Seed

Datalinx ↗

Developer of an AI platform for data preparation and refinement

$4.2M 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.
SectorSeedSeries ASeries BAll stages
Artificial Intelligence5
AI Infrastructure4
Cybersecurity4
HealthTech4
CFO Stack3
FinTech3
GRC Software2
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
Seed10 disclosed
$7.2M$4.4M–$15M
Series A13 disclosed
$21M$15M–$30M
Series B3 disclosed
$35M$26M–$42M
$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.

21
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
57.1%
12 of 21 companies

Backed again by this investor

A subset of the companies above
0%
0 of 21 companies
i

Includes first investments on or before 22 May 2024. 7 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
Seed53 / 50 / 5
Series A117 / 110 / 11
Series B31 / 30 / 3
Series C21 / 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
FIRM

a16z

5 shared rounds · 5 companies

Latest shared round Nov 2025
02
ANGEL

Aaron Levie ↗

3 shared rounds · 3 companies

Latest shared round Nov 2025
03
FIRM

High Alpha

3 shared rounds · 2 companies

Latest shared round Jan 2026
04
ANGEL

Ryan Carlson

3 shared rounds · 3 companies

Latest shared round Dec 2023
05
FIRM

Uncork Capital

3 shared rounds · 2 companies

Latest shared round Feb 2023
06
FIRM

515 Ventures

2 shared rounds · 2 companies

Latest shared round Dec 2020

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.

28 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Sycamore ↗Palo Alto
Mar 2026Seed$65MNo later round recorded
Jet Stream ↗Santa Clara
Mar 2026Seed$34MNo later round recorded
Datalinx ↗New York
Jan 2026Seed$4.2MNo later round recorded
Nov 2025Series A$26MNo later round recorded
Jul 2024Seed$3.0MNo later round recorded
Promptfoo ↗San Francisco
Jun 2024Seed$5.2MNo later round recorded
Decagon ↗San Francisco
Jun 2024Series A$30MNo later round recorded
Dec 2023Series A$19MNo later round recorded
Socket ↗Stanford
Aug 2023Series A$20MNo later round recorded
Granica ↗Mountain View
Jun 2023Series A$45MNo later round recorded
SecurityPal AI ↗San Francisco
Sep 2022Series A$21MNo later round recorded
Sep 2022Seed$2.7MNo later round recorded
Faros AI ↗United States
Mar 2022Seed$16MNo later round recorded
Trinsic ↗New York City
Jan 2022Seed$9.1MNo later round recorded
walnut ↗New York City
Jan 2022Series B$35MNo later round recorded
Jan 2022Series A$52MNo later round recorded
Workstream ↗San Francisco
Aug 2021Series B$48MNo later round recorded
Modern Health ↗San Francisco
Dec 2020Series C$51MNo later round recorded
Onc.ai ↗San Carlos
Dec 2020Series A$6.0MNo later round recorded
Nov 2020Seed$5.0MNo later round recorded
Stensul ↗New York City
Nov 2020Series B$16MNo later round recorded
Klue ↗Vancouver
Sep 2020Series A$15MNo later round recorded
Craft ↗Francisco
Aug 2020Series A$10MYes · Feb 2023
Airbase ↗San Francisco
Mar 2020Series A$24MNo later round recorded
Front ↗San Francisco
Jan 2020Series C$59MNo later round recorded
Jan 2020Seed$14MNo later round recorded
SECURITI ↗San Jose
Aug 2019Series A$31MNo later round recorded
Lively ↗San Francisco
Sep 2017Series A$4.2MNo later round recorded
0 more companies have undated investments

Kept in the 28-company portfolio; excluded from entry-timing calculations.

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