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

Angel investor · United States

Lars Rasmussen.

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 PATTERN2013–2026
80%

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

First investment stage across 15 companies11 Seed, 1 Angel and 3 other-stage entries. Each dot represents one company.
Seed 11Angel 1Other 3

One dot = one company at first recorded investment.

16 companies · 17 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 28 Jan 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

Lars Rasmussen has dated investments in 15 companies. 12 first entries were at Angel, Pre-Seed or Seed (80.0%). 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

2 first company relationships appear in the latest 24 months, compared with 3 in the preceding window. The latest recorded investment is 2026-01-28. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

3 of 13 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

HealthTech is the largest displayed sector by company count, appearing in 3 portfolio companies; sector tags overlap. 1 first entries carry a recorded lead flag and the median first-round syndicate includes 3 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
$1.3M–$3.8M

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
2companies

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
23%

Another equity round within 24 months

3 of 13 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 13 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.

15matching companies
$2.3Mmedian first round (15 disclosed)
2first backed in last 24 months

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

Seed

ORamaVR ↗

Developer of a VR-integrated simulation-based surgical training system

$4.5M total first round
Seed

Robyn ↗

Developer of an emotionally intelligent AI application for personal support

$5.5M total first round
Seed

myTeam ↗

Sports club management application

$650K 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
HealthTech3
B2C E-Commerce3
Online Photos2
AR VR in Healthcare1
Healthcare IT1
Spatial Computing1
Virtual Reality1
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
Angel1 disclosed
$1.2M$1.2M–$1.2M
Seed11 disclosed
$2.0M$1.3M–$2.8M
Series A3 disclosed
$6.0M$4.2M–$13M
$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.

13
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
23.1%
3 of 13 companies

Backed again by this investor

A subset of the companies above
0%
0 of 13 companies
i

Includes first investments on or before 22 May 2024. 2 newer companies and 1 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
Angel11 / 10 / 1
Seed91 / 90 / 9
Series A31 / 30 / 3
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

Bill Tai ↗

4 shared rounds · 4 companies

Latest shared round Feb 2016
02
FIRM

Y Combinator

3 shared rounds · 3 companies

Latest shared round Jul 2018
05
FIRM

500 Global

1 shared rounds · 1 companies

Latest shared round Mar 2013
06
FIRM

Accomplice

1 shared rounds · 1 companies

Latest shared round Aug 2016

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.

15 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
ORamaVR ↗San Jose
Jan 2026Seed$4.5MNo later round recorded
Robyn ↗San Francisco
Nov 2025Seed$5.5MNo later round recorded
Oct 2023Seed$650KNo later round recorded
Turnto ↗Brisbane
Apr 2023Seed$1.1MNo later round recorded
Jul 2022Seed$2.0MNo later round recorded
Apr 2022Seed$1.4MNo later round recorded
Spot Angels ↗San Francisco
Jul 2018Series A$2.3MNo later round recorded
Snappr ↗San Francisco
Sep 2017Seed$2.5MNo later round recorded
Elvie ↗London
Mar 2017Series A$6.0MNo later round recorded
Rheo ↗San Francisco
Aug 2016Seed$2.3MNo later round recorded
Revl ↗San Francisco
Feb 2016Seed$2.0MNo later round recorded
Jun 2015Angel$1.2MYes · Sep 2017
Oct 2014Series A$20MNo later round recorded
Canva ↗Surry Hills
Mar 2013Seed$3.0MNo later round recorded
Posse ↗Sydney
Mar 2013Seed$500KNo later round recorded
1 more companies have undated investments

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

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