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

Angel investor · Germany

Hanno Renner.

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
73%

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

First investment stage across 26 companies18 Seed, 1 Angel and 7 other-stage entries. Each dot represents one company.
Seed 18Angel 1Other 7

One dot = one company at first recorded investment.

26 companies · 29 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 12 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

Hanno Renner has dated investments in 26 companies. 19 first entries were at Angel, Pre-Seed or Seed (73.1%). 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

8 first company relationships appear in the latest 24 months, compared with 7 in the preceding window. The latest recorded investment is 2026-05-12. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

9 of 18 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

Industry 4.0 is the largest displayed sector by company count, appearing in 5 portfolio companies; sector tags overlap. 3 first entries carry a recorded lead flag and the median first-round syndicate includes 5 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
$2.7M–$12M

The middle half of entry rounds

25th–75th percentile across 23 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
8companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 7 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
50%

Another equity round within 24 months

9 of 18 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
6%

This investor invested again within 24 months

1 of the same 18 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.

26matching companies
$6.5Mmedian first round (23 disclosed)
8first backed in last 24 months

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

Seed

Regulate ↗

Provider of an AI-powered platform that provides personalized support for mental performance, emotional regulation, and wellness

$1.6M total first round
Seed

Codewords ↗

Provider of a chat-based platform for building automated workflow solutions

$9.0M total first round
Seed

Manex AI ↗

Provider of AI-powered manufacturing optimization agents

$9.1M 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
Industry 4.05
Artificial Intelligence4
HRTech4
Sales Force Automation3
CFO Stack3
FinTech3
Finance & Accounting Tech3
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
Angel0 disclosed
UndisclosedUndisclosed–Undisclosed
Seed16 disclosed
$4.3M$2.2M–$7.2M
Series A5 disclosed
$12M$11M–$20M
$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.

18
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
50%
9 of 18 companies

Backed again by this investor

A subset of the companies above
5.6%
1 of 18 companies
i

Includes first investments on or before 22 May 2024. 8 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
Angel00 / 00 / 0
Seed126 / 121 / 12
Series A42 / 40 / 4
Series B21 / 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
ANGEL

Michael Wax ↗

10 shared rounds · 9 companies

Latest shared round May 2026
03
FIRM

Speedinvest

4 shared rounds · 4 companies

Latest shared round Sep 2022
04
FIRM

Visionaries Club

4 shared rounds · 3 companies

Latest shared round May 2026
05
FIRM

Y Combinator

4 shared rounds · 4 companies

Latest shared round Apr 2024
06
FIRM

Cherry Ventures

3 shared rounds · 3 companies

Latest shared round Nov 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.

26 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
May 2026Seed$1.6MNo later round recorded
May 2026Seed$9.0MNo later round recorded
Jun 2025Seed$9.1MNo later round recorded
May 2025Series A$5.9MNo later round recorded
Duna ↗Amsterdam
May 2025Seed$12MNo later round recorded
Plato ↗Berlin
Nov 2024Seed$6.5MNo later round recorded
Oct 2024SeedUndisclosedNo later round recorded
Jul 2024AngelUndisclosedNo later round recorded
Apr 2024Seed$3.0MNo later round recorded
Oct 2023Seed$5.3MNo later round recorded
Mar 2023Series A$22MNo later round recorded
Sep 2022Series B$60MNo later round recorded
Gigs ↗San Francisco
Sep 2022Series A$20MNo later round recorded
Amie ↗Berlin
Jun 2022Seed$7.0MNo later round recorded
nilo ↗Berlin
May 2022Seed$7.9MNo later round recorded
PocketLaw ↗Stockholm
May 2022Series A$11MNo later round recorded
Zavvy ↗Munich
Feb 2022Seed$4.0MNo later round recorded
Nov 2021Seed$4.5MNo later round recorded
Jul 2021Series A$12MNo later round recorded
Spiff ↗Salt Lake City
Jun 2021Series B$46MNo later round recorded
Feb 2021Seed$2.1MNo later round recorded
Tacto ↗Munich
Sep 2020SeedUndisclosedYes · Mar 2022
Apr 2020Seed$2.2MNo later round recorded
Demodesk ↗San Francisco
Oct 2019Seed$2.3MNo later round recorded
Jun 2019Seed$2.2MYes · Feb 2022
Jan 2019Seed$2.2MYes · Feb 2022
0 more companies have undated investments

Kept in the 26-company portfolio; excluded from entry-timing calculations.

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