INVESTOR NOTES / 001ANGEL INVESTOR / Berlin, Germany
Guillermo Rauch
KNOW THE INVESTOR. SHARPEN THE PITCH.

Angel investor · Berlin, Germany

Guillermo Rauch.

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
54%

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

First investment stage across 72 companies39 Seed, 0 Angel and 33 other-stage entries. Each dot represents one company.
Seed 39Angel 0Other 33

One dot = one company at first recorded investment.

72 companies · 81 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 24 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

Guillermo Rauch has dated investments in 72 companies. 39 first entries were at Angel, Pre-Seed or Seed (54.2%). 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

35 first company relationships appear in the latest 24 months, compared with 29 in the preceding window. The latest recorded investment is 2026-03-24. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

19 of 37 companies with a full 24-month observation window raised another equity round. This investor backed 8 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 25 portfolio companies; sector tags overlap. 1 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.

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01 / THE READOUT

Four signals before you pitch.

Start with observed behavior.
Every rate has a defined denominator.

01 — ROUND CONTEXT
$4.9M–$23M

The middle half of entry rounds

25th–75th percentile across 71 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
35companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 29 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
51%

Another equity round within 24 months

19 of 37 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
22%

This investor invested again within 24 months

8 of the same 37 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.

72matching companies
$10Mmedian first round (71 disclosed)
35first backed in last 24 months

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

Series C

Stedi ↗

EDI platform to automate B2B transactions

$50M total first round
Series A

Humand ↗

Mobile-based suite solutions for enterprise collaboration

$66M total first round
Series A

Simile ↗

Provider of an AI-driven simulation platform for understanding human behavior

$100M 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 Intelligence25
AI as a Service16
Native AI in Software Development10
AI Infrastructure10
Generative AI9
Business Intelligence8
Agentic AI7
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
Seed38 disclosed
$5.0M$3.1M–$7.8M
Series A22 disclosed
$20M$15M–$25M
Series B9 disclosed
$40M$30M–$43M
$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.

37
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
51.4%
19 of 37 companies

Backed again by this investor

A subset of the companies above
21.6%
8 of 37 companies
i

Includes first investments on or before 22 May 2024. 35 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
Seed2411 / 247 / 24
Series A105 / 101 / 10
Series B22 / 20 / 2
Series C11 / 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

Y Combinator

16 shared rounds · 14 companies

Latest shared round Feb 2026
02
FIRM

Accel

10 shared rounds · 8 companies

Latest shared round Feb 2025
03
ANGEL

Amjad Masad ↗

10 shared rounds · 10 companies

Latest shared round Jul 2025
04
FIRM

a16z

10 shared rounds · 10 companies

Latest shared round Jan 2026
05
FIRM

SV Angel

9 shared rounds · 9 companies

Latest shared round Dec 2025
06
ANGEL

Scott Belsky ↗

7 shared rounds · 7 companies

Latest shared round Feb 2026

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.

72 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Stedi ↗Boulder
Mar 2026Series C$50MNo later round recorded
Humand ↗Buenos Aires
Feb 2026Series A$66MNo later round recorded
Simile ↗Palo Alto
Feb 2026Series A$100MNo later round recorded
Outtake ↗Brooklyn
Jan 2026Series B$40MNo later round recorded
Flora ↗New York City
Jan 2026Series A$42MNo later round recorded
Dec 2025Seed$70MNo later round recorded
Dec 2025Series B$300MNo later round recorded
Natural ↗San Francisco
Oct 2025Seed$9.8MNo later round recorded
Phota ↗San Jose
Sep 2025Seed$5.6MNo later round recorded
Jul 2025Seed$5.0MNo later round recorded
Julius AI ↗San Francisco
Jul 2025Seed$10MNo later round recorded
Mandolin ↗Indianapolis
Jun 2025Series A$40MNo later round recorded
Profound ↗New York City
Jun 2025Series A$20MNo later round recorded
Extend AI ↗Quebec City
Jun 2025Series A$17MNo later round recorded
May 2025Series B$43MNo later round recorded
May 2025Series B$28MNo later round recorded
Apr 2025SeedUndisclosedNo later round recorded
Yutori ↗San Francisco
Mar 2025Seed$15MNo later round recorded
Composio ↗San Francisco
Mar 2025Series A$25MNo later round recorded
Rerun ↗Stockholm
Mar 2025Seed$17MNo later round recorded
Paper ↗United States
Feb 2025Seed$4.2MNo later round recorded
Applied Labs ↗New York City
Jan 2025Seed$4.2MNo later round recorded
GC AI ↗San Francisco
Jan 2025Series A$10MYes · Nov 2025
Ethyca ↗New York City
Dec 2024Series B$10MNo later round recorded
New Lantern AI ↗San Francisco
Nov 2024Series A$19MNo later round recorded
Dash0 ↗New York City
Nov 2024Seed$9.5MNo later round recorded
Tako ↗Patterson
Oct 2024Seed$5.7MNo later round recorded
Tako ↗San Francisco
Oct 2024Seed$5.8MNo later round recorded
StackAI ↗Cambridge
Oct 2024Series A$16MNo later round recorded
Braintrust ↗San Francisco
Oct 2024Series A$36MNo later round recorded
Sep 2024Series B$30MNo later round recorded
Roboflow ↗Des Moines
Aug 2024Series B$40MNo later round recorded
Substrate ↗New York City
Jun 2024Seed$8.0MNo later round recorded
Browserbase ↗San Francisco
Jun 2024Seed$6.5MNo later round recorded
Railway ↗San Francisco
May 2024Series A$20MNo later round recorded
Fal ↗Anguilla
Apr 2024Series A$14MNo later round recorded
Jam ↗Pittsburgh
Feb 2024Series A$8.9MNo later round recorded
Dexa ↗New York City
Feb 2024Seed$6.0MNo later round recorded
Jan 2024Seed$4.0MNo later round recorded
Perplexity ↗San Francisco
Jan 2024Series B$74MNo later round recorded
Sep 2023Seed$2.5MNo later round recorded
Linear ↗San Francisco
Sep 2023Series B$35MNo later round recorded
Aug 2023Series A$25MNo later round recorded
Middleware ↗San Francisco
Aug 2023Seed$6.5MNo later round recorded
Socket ↗Stanford
Aug 2023Series A$20MNo later round recorded
Frigade ↗San Francisco
Jul 2023Seed$3.0MNo later round recorded
Resend ↗San Francisco
Jul 2023Seed$3.0MYes · Dec 2024
Spline ↗Santiago
Jul 2023Seed$15MYes · Jun 2024
Inngest ↗San Francisco
Jul 2023Seed$3.0MYes · Dec 2023
Acryl Data ↗Mountain View
Jun 2023Series A$21MNo later round recorded
ResearchHub ↗Washington, Dc
Jun 2023Series A$5.0MNo later round recorded
Cognosys ↗Vancouver
May 2023Seed$1.5MNo later round recorded
ElevenLabs ↗New York City
May 2023Series A$19MNo later round recorded
Openlayer ↗San Francisco
May 2023Seed$4.8MNo later round recorded
Astral ↗New York City
Apr 2023Seed$4.0MNo later round recorded
Chroma ↗San Francisco
Apr 2023Seed$18MNo later round recorded
Clerk ↗San Francisco
Mar 2023Series A$15MNo later round recorded
Mage Systems ↗Santa Clara
Mar 2023Seed$5.5MNo later round recorded
Jan 2023Seed$8.4MNo later round recorded
Otto ↗Vancouver
Jan 2023Seed$2.0MNo later round recorded
Runway ↗New York City
Dec 2022Series C$50MNo later round recorded
Tldraw
Nov 2022Seed$2.7MNo later round recorded
Rebill ↗Buenos Aires
Aug 2022Series A$3.6MNo later round recorded
Amie ↗Berlin
Jun 2022Seed$7.0MNo later round recorded
Jan 2022Seed$5.0MYes · Oct 2022
Xata ↗San Francisco
Sep 2021Seed$5.0MNo later round recorded
Tenderly ↗Belgrade
Jul 2021Series A$15MYes · Mar 2022
Giggl ↗Los Angeles
Jul 2021Seed$2.2MNo later round recorded
Swell ↗San Francisco
Jan 2021Seed$3.6MNo later round recorded
Magic ↗San Francisco
May 2020Seed$4.0MYes · Jul 2021
Apr 2020Seed$2.3MYes · Jun 2021
May 2019Seed$2.4MYes · Oct 2020
0 more companies have undated investments

Kept in the 72-company portfolio; excluded from entry-timing calculations.

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