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

Angel investor · United States

Kain Warwick.

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 PATTERN2020–2026
60%

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

First investment stage across 25 companies15 Seed, 0 Angel and 10 other-stage entries. Each dot represents one company.
Seed 15Angel 0Other 10

One dot = one company at first recorded investment.

25 companies · 25 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 04 Jun 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

Kain Warwick has dated investments in 25 companies. 15 first entries were at Angel, Pre-Seed or Seed (60.0%). 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

1 first company relationships appear in the latest 24 months, compared with 3 in the preceding window. The latest recorded investment is 2025-06-04. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

11 of 24 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

Web 3.0 is the largest displayed sector by company count, appearing in 17 portfolio companies; sector tags overlap. 1 first entries carry a recorded lead flag and the median first-round syndicate includes 9 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
$2.0M–$8.0M

The middle half of entry rounds

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

Size your round ↗
02 — NEW RELATIONSHIPS
1companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 3 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
46%

Another equity round within 24 months

11 of 24 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 24 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.

25matching companies
$5.0Mmedian first round (25 disclosed)
1first backed in last 24 months

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

Seed

3Jane ↗

Developer of a protocol for credit lines secured against future yield

$5.2M total first round
Seed

Exactly ↗

Platform decentralizing the time-value of money

$2.0M total first round
Seed

RISC Zero ↗

Provider of open-source based code to build software

$12M 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 AAll stages
Web 3.017
FinTech16
Cryptocurrencies14
Blockchain in Financial Services13
Decentralized Finance13
Yield Farming8
Blockchain Infrastructure7
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
Seed15 disclosed
$3.2M$2.0M–$5.1M
Series A10 disclosed
$8.4M$5.5M–$12M
$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.

24
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
45.8%
11 of 24 companies

Backed again by this investor

A subset of the companies above
0%
0 of 24 companies
i

Includes first investments on or before 22 May 2024. 1 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
Seed148 / 140 / 14
Series A103 / 100 / 10
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.

02
FIRM

ParaFi

8 shared rounds · 8 companies

Latest shared round Jul 2021
04
FIRM

Robot Ventures

5 shared rounds · 5 companies

Latest shared round Jun 2025
05
FIRM

Coinbase

4 shared rounds · 4 companies

Latest shared round Jun 2025
06
FIRM

Polychain

4 shared rounds · 4 companies

Latest shared round Jul 2022

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.

25 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
3Jane ↗Nicosia
Jun 2025Seed$5.2MNo later round recorded
Exactly ↗Montevideo
Jan 2023Seed$2.0MNo later round recorded
Aug 2022Seed$12MNo later round recorded
AltLayer ↗Singapore
Jul 2022Seed$7.2MNo later round recorded
May 2022Seed$5.0MNo later round recorded
Mar 2022Seed$3.8MNo later round recorded
Dec 2021Series A$50MNo later round recorded
Dec 2021Seed$6.0MNo later round recorded
Sep 2021Series A$1.8MNo later round recorded
Euler ↗London
Aug 2021Series A$8.0MNo later round recorded
Aug 2021Seed$2.3MNo later round recorded
Jul 2021Series A$21MNo later round recorded
Blocknative ↗San Francisco
Jul 2021Series A$12MNo later round recorded
Jun 2021Series A$7.0MNo later round recorded
May 2021Series A$5.0MNo later round recorded
May 2021Seed$1.0MNo later round recorded
Hashflow ↗San Francisco
Apr 2021Seed$3.2MNo later round recorded
Apr 2021Series A$5.0MNo later round recorded
Opyn ↗San Francisco
Feb 2021Series A$8.7MNo later round recorded
Nayms ↗London
Jan 2021Seed$2.0MNo later round recorded
Lido ↗Finland
Dec 2020Seed$2.0MNo later round recorded
1inch ↗Tortola
Dec 2020Series A$12MNo later round recorded
PoolTogether ↗United States
Oct 2020Seed$1.0MNo later round recorded
Polymarket ↗New York City
Oct 2020Seed$4.0MNo later round recorded
Sep 2020Seed$1.0MNo later round recorded
0 more companies have undated investments

Kept in the 25-company portfolio; excluded from entry-timing calculations.

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